- AVGO blow of top, Earnings report Thursday - NVDA broke 1 trillion dollar today which sucked in some new buyers then it came back below it, now has 400 psychological support - SPY rising wedge is still my support & resistance visual guide - QQQ potential monthly resistance at 0.618 fib retracement
- AVGO shows strong development within a rising trend channel in the medium long term. - The price has broken the resistance at 633 of a rectangle pattern, which signals a further rise. - The stock is testing resistance at 640. - This could give a negative reaction, but an upward breakthrough of 640 means a positive signal. - Overall assessed as technically...
Broadcom is amusing itself in the playground consisting of the green zone between $648.08 and $577.41 and has lately been lingering mainly at the 78.60%-retracement at $621.54. However, soon, the share should switch over to the red slide leading below the support at $572.10 and into the lower green zone between $531.78 and $465.02 to finish wave 2 in green. This...
Broadcom - 30d expiry - We look to Buy at 601.11 (stop at 579.11) Price action continues to trade around the all-time highs. Daily signals are bullish. There is no clear indication that the upward move is coming to an end. We look to buy dips. 50 1day EMA is at 600.11. A lower correction is expected. Bespoke support is located at 600. This stock has seen...
This rising wedge is getting tighter and tighter. It does favor a break lower as it approaches the apex of the triangle. The short trade setup may coincide with a hit of the double top and top of the rising wedge. Some distribution is clearly occurring near these levels.
AVGO has been in a short-term uptrend. However it looks that the price is approaching the key resistance. We expect that the stock price may decrease in the coming period. Therefore, we recommend taking a short position when and only if the price breaks the upsloping trendline that has been acting as a support. Once the price breaks this support , we can enter...
Needs to breakdown below 552 to set this in motion, but a few gaps to fill to downside and upside has run its course for now. Initial target range in coming weeks is 492-520 (point target 505) Goal target is around 475 where it will accumulate and form right shoulder of larger accumulation structure around the 2022 low. From the right shoulder it will begin next...
If you haven`t sold AVGO`s exposure to China: Then looking at the AVGO Broadcom options chain ahead of earnings , i would buy the $515 strike price Calls with 2022-12-16 expiration date for about $7.60 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Its very possible that AVGO will be heading back to the 400 levels after rallying up to the resistance levels in the ~520s. Semis have had a strong run and the bounce on AVGO has been fairly significant without any convincing establishment of support levels on the way up. With this and the upcoming economic catalysts, its likely that a significant retrace is on...
Despite Semis' weak this week, AVGO looks strong. with tight SL I am want to see bounce up next week for avgo
Looking at the AVGO Broadcom options chain, i would buy the $410 strike price Puts with 2022-11-18 expiration date for about $6.00 premium. Looking forward to read your opinion about it.
We consider a strong buy for Broadcom Inc, rating the company as the absolute leader in semiconductors
Below the 200 SMA on daily. AVGO has had pretty decent strength for a bit. Not expecting it to TANK in 2 weeks.
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.
AVGO : I like the setup here with a well-defined risk . Nice sort of ascending triangle that started forming in January. Strong support of the ichimoku cloud at 596. Can we break 610.40 and push to the previous high at 678 in the next few weeks? No one knows. But the risk vs reward ratio is good, as you can set your stop for a 3% max loss (below 596) and...
The U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia! This is a move that could have huge impact on American companies. 35% of AVGO Broadcom revenue comes from China. My price targets from AVGO are $460 and $422. Looking forward to read your opinion about this.
Earning tmrw could be a parabolic move if it breaks this to upside
Immediate targets 516, 470. Invalidation 778. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...