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Broadcom ( NASDAQ:AVGO ) Faces Challenges Post Earnings: What Investors Need to Know?
Broadcom Inc. (NASDAQ: NASDAQ:AVGO ), a key player in the semiconductor and software sectors, has seen its stock tumble after the company reported a loss in its fiscal third-quarter earnings. The loss was primarily attributed to merger-related expenses and amortization costs...
SMCI has lagged NVDA and many other semis.
Were now approaching a critical area...its make or break!
positive Daily divergence provides some hopes that were close to a near term bounce however after today semiconductor selloff the whole complex was shattered.
The fact that SMCI remained green while NVDA was down 10% should be a small win in itself...
The...
Key Takeaways:
- Broadcom ( NASDAQ:AVGO ) shares have reclaimed their 50-day moving average after a steep correction but face volatility ahead of the upcoming Q3 earnings report.
- Investors are focusing on Broadcom's AI chip sales growth and its full-year outlook amid rising AI demand.
- Key technical levels suggest potential volatility, with both downside and...
Technical Confluences:
- Stochastics is moving towards Oversold conditions
- Elliot Wave count seems to have completed a Wave 4 (A,B,C count) and is starting it's Wave 5 move (assuming it is not an extended Wave 4
- Price has formed new Supply Zone area with the price rejecting that Zone 3 times and has formed a descending Trendline
Fundamental Confluences:
-...
NASDAQ:AVGO is on watch to confirm the daily 10 SMA ahead of its earnings this week, which are on Thursday at 4:15 PM EDT. Many names in the NASDAQ:NDX are heading into this week just below the daily 10 SMA, including NASDAQ:META NASDAQ:TSLA and the semiconductor ETF NASDAQ:SMH
If these names are able to build above Friday's high, they have space to...
Broadcom ( NASDAQ:AVGO ) is setting the stage for a potentially explosive earnings report. With the tech sector, particularly AI, driving growth, here's why NASDAQ:AVGO might just hit $187:
Earnings Expectations: Analysts are predicting a revenue of $12.96B for the next quarter, showcasing a significant jump from last year's $8.8B. This growth trajectory is...
If you haven`t bought the dip on AVGO:
Now analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week,
I would consider purchasing the 170usd strike price Calls with
an expiration date of 2025-1-17,
for a premium of approximately $13.70.
If these options prove to be profitable prior to the earnings release, I would...
Broadcom Inc. (AVGO) Shares Drop Over 4%
As shown by the chart, yesterday, shares of Broadcom Inc. (AVGO)—a US technology company ranked in the top 10 by market capitalisation—were among the worst performers in terms of price movement.
This is a warning sign for those investing in semiconductor manufacturers, considering that:
→ Tomorrow, data on Nvidia’s...
Reasons for bullish bias:
- Price is at trendline plus horizontal support
- Harmonic XABCD pattern formed
- No divergence
- Overall a bullish trend
Here are the recommended trading levels:
Entry Level(CMP): 147.85
Stop Loss Level: 127.19
Take Profit Level 1: 168.51
Take Profit Level 2: 182.84
Take Profit Level 3: Open
Broadcom Inc. (AVGO) has already completed 2 weeks of gains that essentially recovered the majority of the July-led correction. This rebounded not only largely maintained the long-term Channel Up pattern that started on the October 2022 market bottom but also managed to keep the 1W MA50 (blue trend-line) intact.
This is an extremely bullish long-term combination...
I have been filled long on some trades based on my valuation trading strategy.
In this video I explain the strategy (conditional criteria, entries & money management) implemented with this weeks entries in NVDA, AVGO & Silver (as well as resting orders for GOOGL, AMZN & PINS). I also briefly explain the idea of "relative strength", which I applied this week when...
Looks like an inverse head and shoulders formation on Broadcom after split, we are at support at 155+ and looking for $165-167 in the coming days. Long AVGO
AVGO building out a triangle - mostly likely will break out of this range on week of 7/22 - let's put this on watch!
Long term - this stock is far from done
Broadcom Inc. (AVGO) easily hit the 1800 Target that we set on last month's analysis (May 22, see chart below) and made a new Higher High at the top of the 20-month Channel Up:
The symmetrical leg at the end of 2023, got rejected right below the 3.0 Fibonacci extension back to the 2.0 Fib. Even the 1D RSI is on the same levels as December 18 2023. As a...
