AVGO: Bullish Pennant, confirmed (29,16%)(10/1000)

(10/1000)

Confirmed Bullish Pennant pattern for AVGO.
29.16% possible gains.

Pros:

1- PPS above 50MA and 200MA
2- RS above 0 and climbing
3- R/R ratio above 5
4- 250RSI above 50 and climbing
5- 50MA above 200MA
6- Both 50MA and 200MA ascending
7- Golden cross circled in blue
8- Descending volume during flag forming
9- Volume during post forming
10- Break out with volume

Cons:
1- ATR descending, less volatile

Target price is 1048,47$

Stay humble, have fun, make money!

MAAX