AVGO trade ideas

wavepoint99

- AVGO shows strong development within a rising trend channel in the medium long term. - The price has broken the resistance at 633 of a rectangle pattern, which signals a further rise. - The stock is testing resistance at 640. - This could give a negative reaction, but an upward breakthrough of 640 means a positive signal. - Overall assessed as technically...

MarketIntel

Broadcom is amusing itself in the playground consisting of the green zone between $648.08 and $577.41 and has lately been lingering mainly at the 78.60%-retracement at $621.54. However, soon, the share should switch over to the red slide leading below the support at $572.10 and into the lower green zone between $531.78 and $465.02 to finish wave 2 in green. This...

ArturoL

Stock price had a good run, and now is hitting a strong resistance. Price has been rejected multiple times and is getting weaker. I think is going to drop to the strong support level at HKEX:580 before trying another poke to the HKEX:645 strong resistance level.

ArturoL Updated 

Price broke out the bullish flag, wait for a retest of the $518 support level, it's already to extended to jump in. If it doesn't retest and keeps going up, the trade is null.

Trading-Capital

This rising wedge is getting tighter and tighter. It does favor a break lower as it approaches the apex of the triangle. The short trade setup may coincide with a hit of the double top and top of the rising wedge. Some distribution is clearly occurring near these levels.

kstrizzle001

Long-term this champion looks in need of a much needed respite from all of its journeys northbound. It still appears to have some energy left in the tanks, so another higher high is not out of the cards. IMO this has the look of a titan that will likely shift focus to acquiring more vertical integration type of companies, hence capping upside potential. If a new...

cdarbonne3344

Avgo interesting here post earnings gap up above avwap from the recent swing high and above Vwap from the swing low before the gap

EPSMomentum

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 87.5%.

Exness_Official

Broadcom Inc. (symbol ‘AVGO’) share price has performed very well in the last quarter of the year and also into the new year so far with a minor correction happening in the last 3 sessions. After an overall hard year the company managed to gain most of its losses back and is looking strong in the near short run. The company’s earnings report for the fiscal quarter...

lauralea Updated 

Both lines sloping up and narrowing at the apex. Bearish but not valid until bottom line is broken. Bearish Harami today that needs confirmation. Short when support line is broken. Price is above the .236 of the trend up. Possible bearish crab that terminated above the 1.616 if the 4th leg is complete. No recommendation. The Crab is a reversal pattern that...

terminaltraders

AVGO 1H Setup 1- trend is bullish 2- trend line is respected many time 3- current support is between 598 - 594 4- next resistance is at 627 5- if price go up to 599 then enter the trade and ride till 625 7- if price goes down then next entry point is at 594 8- Entry points for long calls only: -Zone1: 598-600 -Zone2: 580-594

terminaltraders

- Overall trend is bullish - 1st point of entry is at 588 and then the price may go up - 2nd point of entry is at 564 and then the price may go up - 3rd point of entry is at 548 and then the price may go up Resistance is at 608, so you can expect the price to go till that level

vf_investment

AVGO has been in a short-term uptrend. However it looks that the price is approaching the key resistance. We expect that the stock price may decrease in the coming period. Therefore, we recommend taking a short position when and only if the price breaks the upsloping trendline that has been acting as a support. Once the price breaks this support , we can enter...

ArturoL

Check my previous post below. Good time to add or open a long position if you missed it before.

JerryManders

Needs to breakdown below 552 to set this in motion, but a few gaps to fill to downside and upside has run its course for now. Initial target range in coming weeks is 492-520 (point target 505) Goal target is around 475 where it will accumulate and form right shoulder of larger accumulation structure around the 2022 low. From the right shoulder it will begin next...

danisuarezm

Análisis para clase, la mejor formación hispanohablante.

EPSMomentum

The PEAD projected a Bullish outlook for $AVGO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%.