swara7kadir

AVGO Friday Day Trade Go !

NASDAQ:AVGO   BROADCOM INC
AVGO is having some volume today Friday. its currently above the 256.62 daily pivot that i have drawn. For a Short it needs to get below this pivot and make lower lows and lower highs. For a Long it needs a lot more work but it can get above its 200 SMA (brown color) and go up to its 20 EMA (green) that's about 15 points range. However its a lower probability trade as the Daily Chart shows AVGO making a lower high and a lower low candle stick pattern, basically the Daily chart is showing more weakness ( bearish ) than strength ( bullish ). A short is a more high probability trade than a long. The market ( SPY ) needs to be in alignment for this trade to work.
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