The first quarter of 2018 AVGO
had a similar downbeat report and earnings
call, they stock sold of before hitting a all time high 1 year later. This time round the stock has rebounded 5% alone from the pre market lows, and has moved back above the 200ma which is a critical level, if it can close at these levels buyers will flock back in next week if the market sentiment stays stable. We don't really see any reason to be selling, our expectations were not high in the first place when you consider the headwinds in the market including APPLE
, Huawei and MR TRUMP's trade war.