Broadcom Inc. (AVGO) is exhibiting a confluence of technical indicators that suggest a pivotal juncture for its stock price movement. The daily chart encapsulates a symphony of technical patterns and oscillators that signal a tenuous equilibrium between bullish and bearish forces.
Price Action & Volume:
The latest candlestick on AVGO's chart presents a...
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
NASDAQ:AVGO
If the price remains below 1403.50, then this is our new LH.
A failure to hold 1205 will form a new LL and a start of a downtrend.
The candles of the past 4 days show weakness.
My targets are: 1300-1275-1250-1200.
Daily chart:
AVGO is asking to be chased. On the daily chart, the price is now $50 below the ATH of
the top of of the month. RSI on the lower TF green line has pulled back to 72 from 85.
The longer TF black line is admittedly in overbought territory. The longterm growth
expectations of the AI stock defy ordinary technical analysis, AVGO is 3-4% below the ATH.
I see...
AI technology has been recognized as the new future since the end of 2022. The rapid advancements in AI and its stock prices sparked debates regarding the sustainability of its current valuations.
Indeed, AI technology has a long runway ahead, but like all journeys, it will eventually encounter a bend. In today's tutorial, we are going to study its fundamental...
After the Head and Shoulders chart pattern was perfectly completed:
and the bullish trend started:
Now analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week,
I would consider purchasing the 1380usd strike price Calls with
an expiration date of 2024-6-21,
for a premium of approximately $129.85.
If these...
There is a Potential Bearish Gartley at Resistance on AVGO leading to the earnings report. I'm not sure if it will hold but I have gotten some calls on SOXS just in case so I want to archive this harmonic setup.
AVGO, once recognized as Broadcom Inc., stands as a key player in the global tech landscape, providing a variety of semiconductor and software solutions. These products find applications across multiple sectors such as telecom, data storage, and industrial automation.
For H1 2023, AVGO recorded an impressive $18.76 billion in earnings, marking a 25.6% YoY...
AVGO has done extremely well due to earnings reports and releases and AI implementation in the past couple of months but now that stock surge is coming to a trend reversal. FVG analysis shows there are previous gaps that haven't been covered yet. This is further proven by the gravestone doji that we saw at yesterday's close. Today, the stock saw -4% and that red...
NASDAQ:AVGO is a top position of mine. I was concerned that a close below 1200 would signal a near term reversal, as this would follow the pattern of the sentiment cycle. Wicking down to that level and continuing higher in advance of earnings is a strong sign for continuation.
Continuing further makes this seem more like wave 3 of 5, which could peak in one...
On a 30-minute chart, like several other computer chip manufactures has approached or
reached a near-term top. Overall Broadcom has gained 19% YTD. Earnings are in about two
weeks. I see this as a short trade to follow AVGO from the top of the channel down to about
1225 in time to catch earnings at the bottom of the channel to end the swing trade and...
We are far from all relevant Moving Averages, have overcome the all time high and begun a correction.
I see a substantial room for a decline now as we have risen to land and to fast since December.
If we can see the bullish reversal happen on the daily timeframe with the SQZMOM indicator early in the next week, a quick run to $1200 followed by $1250 is definitely possible.
I Would like to see at least a mild squeeze compression show up on SQZPRO Tuesday Jan 16th or Wednesday to confirm the move on the upside.
As it is Broadcom, the move could be sudden. A...
Short term there's a chance to break the current support to the downside but I think the price will follow technical upside direction in a few weeks or months.
