Broadcom Inc.Long
Stock Of The Day / 12.16.24 / AVGO
12.16.2024 / AVGO
Fundamentals. Second day of growth on the back of a positive earnings report.
Technical analysis.
Daily chart: Exit upwards from a six-month accumulation.
Premarket: Gap Up on increased volume.
Trading session: Strong non-pullback growth from the opening of the session to the level of 247.00. We are looking for an opportunity to join the uptrend on a pullback. The price pulled back to the level of 238.00, after which it returned and showed a clear hold of the level of 240.00. We are considering a long trade to continue the upward movement.
Trading scenario: pullback along the trend (false breakout with retest) of level 240.00
Entry: 241.10 on impulse up after holding the level at 19:30
Stop: 239.44 we hide it behind the previous higher low
Exit: Close part of the position before the high of the day 247.00. Close the rest of the position around 248.89 after an unsuccessful attempt to update higher high.
Risk Rewards: 1/4
AVGO Fundamentals. Second day of growth on the back of a positive earnings report.
Technical analysis.
Daily chart: Exit upwards from a six-month accumulation.
Premarket: Gap Up on increased volume.
Trading session: Strong non-pullback growth from the opening of the session to the level of 247.00. We are looking for an opportunity to join the uptrend on a pullback. The price pulled back to the level of 238.00, after which it returned and showed a clear hold of the level of 240.00. We are considering a long trade to continue the upward movement.
Trading scenario: pullback along the trend (false breakout with retest) of level 240.00
Entry: 241.10 on impulse up after holding the level at 19:30
Stop: 239.44 we hide it behind the previous higher low
Exit: Close part of the position before the high of the day 247.00. Close the rest of the position around 248.89 after an unsuccessful attempt to update higher high.
Risk Rewards: 1/4
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