Broadcom Inc.Updated AVGO Personal Analysis
AVGO has made some interesting movements.
Graph: Price has expericned a steady incline rally since passing the $510 price level. It is now trading at $574.66, after achieving its all time high of $576.73
Trends:
- Emergence of an Ascending Channel beginning on November 3rd.
- Three touches on the lower channel solidifies the validity of the channel. Two touches on the upper channel - 2nd touch currently occuring (highlighted in green circles).
MACD and RSI 1Day Timeframe:
- MACD 1D: Poised for a bearish crossover after a successful bullish movement.
- RSI 1D: Overbought - but this stock does not seem to be very responsive to RSI, and therefore will not serve as much of a significant influence.
This is not trading advice or recommendation. For viewing purpose only
Always do your own Due Diligence
Graph: Price has expericned a steady incline rally since passing the $510 price level. It is now trading at $574.66, after achieving its all time high of $576.73
Trends:
- Emergence of an Ascending Channel beginning on November 3rd.
- Three touches on the lower channel solidifies the validity of the channel. Two touches on the upper channel - 2nd touch currently occuring (highlighted in green circles).
MACD and RSI 1Day Timeframe:
- MACD 1D: Poised for a bearish crossover after a successful bullish movement.
- RSI 1D: Overbought - but this stock does not seem to be very responsive to RSI, and therefore will not serve as much of a significant influence.
This is not trading advice or recommendation. For viewing purpose only
Always do your own Due Diligence
Note
Wait for upper rebound on the ascending channel - Potential Buy at c. $510, within a fourth lower boundary touch. Not trading advice. Personal analysis
Note
Chart did not play out. Position not executed
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.