Daily chart
The stock
AVGO is drawing a double bottom chart pattern between the lines Resistance R and Support S.
The price may re-test the support line S1, then rebound to hit the Resistance line R.
Trading above line R (at around 187) for 2 days, the target will be 241
Technical indicator RSI is supporting this bullish scenario.
Consider the Stop Loss below the ascending line S1; and raise the level as the price goes up.
The stock
AVGO is drawing a double bottom chart pattern between the lines Resistance R and Support S.The price may re-test the support line S1, then rebound to hit the Resistance line R.
Trading above line R (at around 187) for 2 days, the target will be 241
Technical indicator RSI is supporting this bullish scenario.
Consider the Stop Loss below the ascending line S1; and raise the level as the price goes up.
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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.