Yogigolf

AVGO Ascending Triangle Continuation

Long
NASDAQ:AVGO   Broadcom Inc.
AVGO is in an ascending triangle pattern and seems to be breaking to the upside. Price closed above a key resistance point and 100dma a previous level that was rejected upon multiple gap ups. Consolidation is also above the price volume profile pivot which acted as support the last 2 pull backs. Natural extension and 1.618 fib is around the double top. I have a bullish outlook on the semi conductor sector which AVGO is a large component of so they should go up together.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.