Broadcom Inc.Updated Possible final rally?
Possible final rally? The price is in a calm rising trend. Both price and volume first rise sharply, and then fall sharply again. We need some time before we see if the hypothesis holds.
Price momentum indicators and analysts are predominantly on buy.
Remember, you have to do your own research and assessment before buying and selling.
Note: I have no dispositions in the stock.
Price momentum indicators and analysts are predominantly on buy.
Remember, you have to do your own research and assessment before buying and selling.
Note: I have no dispositions in the stock.
Note
It may be interesting to note that the price is now going up, but with much lower volume than at the first peak. There is divergence between volume and price, volume balance is negative.
But indicators and analysts say buy.
Note
So how has it gone here? The long rising trend has not been threatened. You can see that the MA 50 is above MA 100 which is above MA 200, but there is a short trend of two months that is falling. It is “supported” by MA 7. There is now a break up from it. This may indicate that the short falling trend is breaking or will fall less.
Price momentum indicators are on buy and analysts are predominantly on buy.
Disclaimer: I've discovered that I actually have an index fund with 5% of the stock – sorry.
Remember, you have to do your own research and assessment before buying and selling.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.