AVGO - Underrated titan in vulnerable spot

By CheelooTrader

Updated

Three lower lows and lower highs ---
below VWMA (early) -
Decreasing volume --
Bearflag setup on daily ---
Good volume in the demand zone ++
IF market shows strengths next week, possible that it tests 625 zone, where it runs into big supply. Breakdown there could slide this to recent low near 500.

Trade active

Volume still low, and into heavy supply...I expect weakness to start soon.

Trade active

Today is the day ramp down has started...let's see if there is follow through.

Note

Bingo..first target 560

Trade closed manually

I still have short bias, but hard to stay in the trade with the current price action. Price above VWMA could push higher.

Note

Leaders lead...formed a flag on daily and brokeout for the test of ATH.

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