Broadcom stock is in a downtrend, but we believe this is part of the current substructure that should end soon. The turquoise five-part move should still reach around $1040 in the long term. However, it is essential to remember that the stock would fall further if it breaks below the support at $812, which we consider 36% probable.
My name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term...
Analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week, I would consider purchasing the 900usd strike price Calls with an expiration date of 2023-9-8, for a premium of approximately $21.10. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward...
🔹Between support 32.86 and resistance 37.24 in Rectangle Formation. 🔹In case of a NEGATIVE reaction, it has support at approximately 33. 🔹Technically POSITIVE for the medium long term. Chart Pattern: ◦ DT: Double Top | BEARISH | 🔴 ◦ DB: Double Bottom | BULLISH | 🟢 ◦ HNS: Head & Shoulder | BEARISH | 🔴 ◦ REC: Rectangle | 🔵 ◦ iHNS: inverse head & Shoulder | BULLISH...
🔹Breakdown support of rising trend channel in the medium long term. 🔹Support at 13.81 and Resistance at 19.99 in Rectangle formation 🔹Slightly risen above the resistance level of 17. 🔹Technically POSITIVE for the medium long term. Chart Pattern: 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle...
🔹Breakout resistance at 123 in inverse head and shoulders formation. 🔹Tests resistance at 126, potential NEGATIVE reaction; upward breakthrough signals POSITIVE. 🔹Technically NEUTRAL for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse...
At present, the US equities markets are at a critical inflection point, especially tech. We're still in the bear side of a correction in an extremely major bull market impulse fuelled by Party Central's COVID stimulus programs, and yet flirting with all time highs. Sometimes markets top without a blow off. Nasdaq's daily chart, above, shows price raided the...
🔹Forming inverse head and shoulders pattern. 🔹Breaking resistance at 793 indicates further rise. 🔹POSITIVE signal from Rectangle formation breakout resistance at 668; Next resistance at 762. 🔹Technically POSITIVE for medium-term long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC -...
AVGO is trading inside a Triangle pattern on a bullish 1D time frame (RSI = 62.459, MACD = 29.570, ADX = 26.143) supported by a HL trendline since October 14th 2022. The way the Triangle breaks to will most likely reveal the next medium term direction. Under it, we will sell and target the 1D MA100 (TP = 760.00) while over it, we will buy and target the 1.5...
NVIDIA's price action last week was a historic event in the markets, and at a very strange time. Whenever you see such an outlier, it's time to perk up and really give a deep think to what's going on in the world at large. For me, I had long since anticipated NVIDIA would print a new ATH, but I did not believe it would do it until the markets at large had...
- NVDA potential 4h Head and shoulders 400 is key resistance zone - AVGO slight beat red after earnings due to it running too much into earnings - SPY rising wedge pattern breaking soon - QQQ potentially confirming a daily bull flag if we break the high of Tuesday.
- NVDA closed right at support very likely testing it again tomorrow morning. - Nvidia does not have a lot of support in the gap zone so potentially more sell off if we do get into the zone. - SPY rising wedge pattern is still in play. - QQQ daily consolidation is still healthy havnt even pull back to 0.382 yet which potentially can still be a daily bull flag....
- AVGO blow of top, Earnings report Thursday - NVDA broke 1 trillion dollar today which sucked in some new buyers then it came back below it, now has 400 psychological support - SPY rising wedge is still my support & resistance visual guide - QQQ potential monthly resistance at 0.618 fib retracement
- AVGO shows strong development within a rising trend channel in the medium long term. - The price has broken the resistance at 633 of a rectangle pattern, which signals a further rise. - The stock is testing resistance at 640. - This could give a negative reaction, but an upward breakthrough of 640 means a positive signal. - Overall assessed as technically...
Broadcom is amusing itself in the playground consisting of the green zone between $648.08 and $577.41 and has lately been lingering mainly at the 78.60%-retracement at $621.54. However, soon, the share should switch over to the red slide leading below the support at $572.10 and into the lower green zone between $531.78 and $465.02 to finish wave 2 in green. This...
Broadcom - 30d expiry - We look to Buy at 601.11 (stop at 579.11) Price action continues to trade around the all-time highs. Daily signals are bullish. There is no clear indication that the upward move is coming to an end. We look to buy dips. 50 1day EMA is at 600.11. A lower correction is expected. Bespoke support is located at 600. This stock has seen...
This rising wedge is getting tighter and tighter. It does favor a break lower as it approaches the apex of the triangle. The short trade setup may coincide with a hit of the double top and top of the rising wedge. Some distribution is clearly occurring near these levels.
AVGO has been in a short-term uptrend. However it looks that the price is approaching the key resistance. We expect that the stock price may decrease in the coming period. Therefore, we recommend taking a short position when and only if the price breaks the upsloping trendline that has been acting as a support. Once the price breaks this support , we can enter...