Needs to breakdown below 552 to set this in motion, but a few gaps to fill to downside and upside has run its course for now. Initial target range in coming weeks is 492-520 (point target 505) Goal target is around 475 where it will accumulate and form right shoulder of larger accumulation structure around the 2022 low. From the right shoulder it will begin next...
If you haven`t sold AVGO`s exposure to China: Then looking at the AVGO Broadcom options chain ahead of earnings , i would buy the $515 strike price Calls with 2022-12-16 expiration date for about $7.60 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Its very possible that AVGO will be heading back to the 400 levels after rallying up to the resistance levels in the ~520s. Semis have had a strong run and the bounce on AVGO has been fairly significant without any convincing establishment of support levels on the way up. With this and the upcoming economic catalysts, its likely that a significant retrace is on...
Despite Semis' weak this week, AVGO looks strong. with tight SL I am want to see bounce up next week for avgo
Looking at the AVGO Broadcom options chain, i would buy the $410 strike price Puts with 2022-11-18 expiration date for about $6.00 premium. Looking forward to read your opinion about it.
We consider a strong buy for Broadcom Inc, rating the company as the absolute leader in semiconductors
Below the 200 SMA on daily. AVGO has had pretty decent strength for a bit. Not expecting it to TANK in 2 weeks.
Three lower lows and lower highs --- below VWMA (early) - Decreasing volume -- Bearflag setup on daily --- Good volume in the demand zone ++ IF market shows strengths next week, possible that it tests 625 zone, where it runs into big supply. Breakdown there could slide this to recent low near 500.
AVGO : I like the setup here with a well-defined risk . Nice sort of ascending triangle that started forming in January. Strong support of the ichimoku cloud at 596. Can we break 610.40 and push to the previous high at 678 in the next few weeks? No one knows. But the risk vs reward ratio is good, as you can set your stop for a 3% max loss (below 596) and...
The U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia! This is a move that could have huge impact on American companies. 35% of AVGO Broadcom revenue comes from China. My price targets from AVGO are $460 and $422. Looking forward to read your opinion about this.
Earning tmrw could be a parabolic move if it breaks this to upside
Immediate targets 516, 470. Invalidation 778. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...
When looking at a weekly chart, it is easier to see if an asset is in a bullish or bearish trend. Taking a look a the SOXX, we see we are at a potential place for a bounce. I chose the 52 exponential-moving average because there are 52 weeks in a year, and it has worked very well in the past. A close on a weekly basis below this level is the signal to get out....
A very similar picture to Pfeizer from earlier today. Divergent end of a five Wave move and we won't reiterate further than this. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest,...
(AVGO = short candidate) Opinion only
If it is defended, could make a move for 650 in next week or so...
Broadcom Inc. ( NASDAQ:AVGO ) Sector: Electronic Technology (Semiconductors) Current Price: $558.12 Breakout price: $567.50 Buy Zone (Top/Bottom Range): $555.60-$544.00 Price Target: $614.00-$622.00 Estimated Duration to Target: 55-60d Contract of Interest: $AVGO 1/21/22 560c Trade price as of publish date: $22.25/contract
Consolidation could be broken upwards with a minimum target of 565.