AVGO briefly dipped below its 21d EMA, but is back above and trading with a fairly tight ATR. Buy Point could be a break back above the high of 10/13 at 387.80. Or more aggressively enter with a quarter or half position at Thursdays high. Use the 10d ATR stop of 9.03% which is above the lower support area.
Buy Point: 387.80
Stop Loss: 9.03% (352.78)
Position...
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.
Solid company with lots of buying power behind it. The name can move pretty quickly when set up right. Clean formation and the SMA winding is looking primed for a move higher late this week or early next week.
AVGO is past long entry level for C&H pattern
Possible Rising wedge. Rising wedges at the top are often bearish but not always.
Symmtrical triangle forming and can break up or down.
Broke up from an ascending triangle at 336ish
NV is high
Not a recommendation
Whether you believe in TA or not it is hard to deny the significance of this ascending parallel channel,
The stock is now just below midpoint and until it crosses we believe there is to much risk for a long entry.
Alert set on horizontal resistance @ $372 where it can be considered for entry.
Indicators are turning quite Bullish so best wait for a great...
Good company with over 3.5% dividend. Growth stock. Retesting the breakout are. I think it's a good buy there. I will watch to add some there for a long term growth and earn yield. This is not a recommendation to buy or sell any financial asset. These posts are for educational purposes only. Please do your own homework before purchasing any assets.
BROADCOM just broke out to new all time highs, launched from an ascending triangle... I like!
Earnings call on Sept 3rd may move it further... Relatively late to the tech party but never too late.
$AVGO forming huge reversal H&S ,if white line keep holding price then it could be nice breakout above the yellow line and the short-term target would be the the greens line .
