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...
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...
Broadcom has been consolidated in an ascending triangle chart pattern.
2 important points to be considered.
1) There is still some seller to be absorbed at 493.
2) Earning result in Sept
We are expecting some surprise of the good result may break out of the chart pattern.
Buy Call $495 Strike 7/23. Price target $503
Sitting above the 200 ma we have parabolic sar showing and a MACD crossed over the Signal Line. Great setup
Hello traders,
Description of the analysis:
Broadcom Inc. ( AVGO ) support zones where it makes sense to time long positions. A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines are fair...
AVGO confirmed successful SHS pattern, I opened Long here.
AVGO buy : $335 .
AVGO target : $450.
Stop loss : 8% (investing long term) .
Wish you a good deal!
