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...
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...
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.
When it comes to AVGO , the price is likely to fall because of the weak support areas. Also the price has broken the parallel channel; that means the price’ll fall until it find a support area.So your first target would be the S1; where price got rejected because of the huge demand.
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