TradingStatistics
Short

AVGO: Sort opportunity

NASDAQ:AVGO   BROADCOM CORP COM USD1.00
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An intraday high potential, Back Tested Sort Analysis.

We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below:
Price is likely to move within the parallel channel having the potential to break it down.
CCI triple top divergence breaking down the zero level.
Triple top resistance level .
A Breakaway gap at the end of a price pattern and signaling the beginning of the reversal.
We ll try to find an entry price within the expected pull back zone 257.90 - 260.60 as previously being back tested.

DETAILS ON THE CHART

NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Comment: Reasons Why You Should Get Rid of Broadcom (AVGO) Stock Now

Zacks Equity Research
ZacksJune 11, 2018
Trade closed: stop reached: Best regards
Good call.
Reply
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