We consider a strong buy for Broadcom Inc, rating the company as the absolute leader in semiconductors
AVGO has returned to its post-March 2020 point of control. Stepping down a time frame to the daily chart, we can see a cluster of Dojis. Combined with volume falling under the 50day average, MACD crossing its signal, and Stoch recovering from oversold shows hesitation in the selloff. An aggressive trade would be to enter now, while a more conservative entry...
Timeframe: Multi-month swing Last week AVGO retested and rejected the weekly 10MA yet again and sold off rather quickly. I'm targeting price to eventually make it to 481 over the next month or two. For the last 3 weeks we have yet to get above the golden zone around 594-598. We have also yet to close above the weekly 10MA for 10 weeks. How to play this? • I'll...
Went parabolic end of last year, broke down from that and has yet to complete full downside move. Expecting 490s by early July.
The PEAD projected a Bullish outlook for $AVGO after a Negative over reaction following its earnings release placing the stock in drift C.
AVGO showing quite textbook looking waves with fib confluence, expecting current impulse wave down to at least touch the previous major support. If price hits this target, I'd expect it to be the beginning of a deeper correction.
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short @ breakout entry 590USD SL 610 USD tp 535 USD or trailing SL
Similar chart to OPCH at the moment. I have orders throughout the Short Zone with the heaviest at the of the box for ideal risk/reward.
The PEAD projected a Bullish outlook for $AVGO after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 86.67%.
$AVGO – On a relative basis, Broadcom has held up well when compared to other high beta stocks. When I look at this formation of candles on the right side of the chart, I can see several patterns; 1. Flat base, blue line. 2 ascending triangle, 3. If you look hard an inverse head and shoulders and most important 4. A Minervini – VCP (volatility contraction...
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.
Most semiconductors have lagged recently as technology stocks and the broader Nasdaq-100 struggle. That makes the price action in Broadcom especially interesting. Notice how AVGO is holding its 100-day simple moving average (SMA). In contrast, the Philadelphia Semiconductor index is mired below its 200-day SMA. (See below.) Second, Bollinger Band Width has...
Let's see how it opens, long or short we will decide after seeing the momentum.