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drewby4321
Nov 15, 2020 5:04 AM

Broadcom has support above the 21d EMA 

Broadcom Inc.NASDAQ

Description

AVGO briefly dipped below its 21d EMA, but is back above and trading with a fairly tight ATR. Buy Point could be a break back above the high of 10/13 at 387.80. Or more aggressively enter with a quarter or half position at Thursdays high. Use the 10d ATR stop of 9.03% which is above the lower support area.

Buy Point: 387.80
Stop Loss: 9.03% (352.78)
Position Size: R11.08 (Full position)
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