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DACapitalTrading
Apr 12, 2021 1:34 PM

AVGO - STOCKS - 12. APR. 2021 Long

NASDAQ:AVGO60
Broadcom Inc.NASDAQ

Description

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Welcome to our weekly trade setup ( AVGO )!

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4 HOUR
Overall bullish market scenario.

DAILY
Closure and break above previous resistance.

WEEKLY
Expecting more upside price action.

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STOCKS SETUP
BUY AVGO
ENTRY LEVEL @ 480.00
SL @ 450.24
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)


Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!

ALAN

Trade active

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Trade closed: stop reached

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Closed with -0.35%!
Trend AnalysisWave AnalysisBeyond Technical AnalysisAVGOStocksstocktradingstocksignalsstockmarketanalysisstockstrading
Comments
Henry_Ross
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Good idea!
DACapitalTrading
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@Henry_Ross, Thanks!
DACapitalTrading
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@Henry_Ross, good luck
sumankana
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Thanks for the update. It never showed any strength at all even when the market was up last week. Having said that, For a long-term investor, it may not be a worry.

At this point in time, my reading is it, may not break 450, and would be happy if we do not break 458 this week.

Let us see.

Thank you once again
DACapitalTrading
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@sumankana, Thanks for sharing with us
DACapitalTrading
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@sumankana, all the best
sumankana
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For such a nice setup AVGO is finding it difficult to cross-resistance. Hope it crosses 490 soon which will confirm new All time high
DACapitalTrading
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@sumankana, Yeah lets see
DACapitalTrading
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@sumankana, :)
DACapitalTrading
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Feel free to share your thoughts about AVGO in the comment section!

Alan
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