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.
After a period of latelarità the title $AVGO seems to want to return to climb,
says my adviosr Marketmiracle that sent last night a purchase signal on Broadcom at a price of 459.32 USD with a target of 512.29 or a potential profit of 11.53%, really not bad.
Analyzing the title graphically it seems actually the construction of a head shoulders overturned for...
Broadcom comes to an interesting fork on the road.
Friday, like many semi's, was breaking down from it's upward trend.
I'd like to see it bounce off of FIBO retracement and continue going up. Buy signal with 8 confirmations should pop up.
If it breaks support, I see it going all the way down to 420--hopefully I'm so wrong!
The good news is that POC is around the...
NASDAQ:AVGO is repeating the same pattern from 2 months ago before it broke out. Look for entries near trend line supports or on a break out. Support and resistance levels are clearly marked via the trend lines. Also, when the ADX crosses bullish it will be an extra long indicator.
After much V-shape recovery in the technology sector, the price of Broadcom Inc has currently reached a very strong resistance level (triple top pattern). The price is stubborn to break the 332 level. if there is no breakout beyond this point, I believe we should SHORT this stock to the 38% of Fibonacci level.
Key Trading Plan:
SHORT from the current price to...
The market is Bullish.
The idea is to go long following the major trend and hope that the Earning report due on Thursday will bring positive news.
The company will report its fiscal Q2 2020 earnings after the market closes on Thursday. Analysts are expecting $5.14 a share profit with the projected sales of $5.69 billion.
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let us get into a few points. I don't usually like broadcasting companies, but Westinghouse Electric Corporation is owned by VIAC. I believe it does look like many people think another breakout for VIAC will happen or are bullish. The...
AVGO earnings report:
AVGO Q2 earnings surpass estimates
Q2 quarterly report represents an earnings surprise of 0.77%. A quarter ago, it was expected that this chipmaker would post earnings of $5.19 per share when it actually produced earnings of $5.55, delivering a surprise of 6.94%.
Over the last four quarters, the company has surpassed consensus EPS...
The overall structure is a ABC correction up
Within C we have 5 other waves
The 5th wave is either going to end at the 2: or 2.272, trend based fib extension, which makes 269-270 a very good short opportunity. (Within the red box)