AVGO – Bullish Trend Meets Key Support

AVGO has been maintaining a strong bullish structure, trading within a rising channel while consistently printing higher highs and higher lows.

After the recent correction, price is now approaching a major confluence support area formed by:

🔹 The lower bound of the rising channel
🔹 The blue support zone and previous structure area

This intersection creates a strong demand zone where buyers could step back in and defend the broader uptrend.

As long as this support confluence holds, we will be looking for trend-following long opportunities. 🚀

The overall trend remains bullish, and pullbacks toward support are often healthy corrections within a larger uptrend.

A bullish reaction from this area could trigger the next impulsive move higher and potentially send AVGO toward new all-time highs. 🎯

📌 The key area to monitor is the intersection between channel support and the blue structure zone.

Will the bulls defend the trend once again? 🤔

⚠️ Disclaimer: This is not financial advice. Always do your own research and manage risk properly.

📚 Stick to your trading plan regarding entries, risk, and management.

Good luck! 🍀

All Strategies Are Good; If Managed Properly!
~Richard Nasr