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tacosaurus
Aug 6, 2020 6:03 PM

AVGO - sitting at resistance. Break could be +170 points?! Long

Broadcom Inc.NASDAQ

Description

If you read this as a giant inverse head-and-shoulders, a break of the neckline right around the current levels would project +170 points(!) landing this stock at a cool 500. Regardless of the read, we have bumped up against resistance several times and it looks ready to break through. a strengthening MACD lends credence to the story. Earnings come in September so it could sit a big - If you are going options, be sure to put some time in there.
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