When looking at a weekly chart, it is easier to see if an asset is in a bullish or bearish trend. Taking a look a the SOXX, we see we are at a potential place for a bounce. I chose the 52 exponential-moving average because there are 52 weeks in a year, and it has worked very well in the past. A close on a weekly basis below this level is the signal to get out....
A very similar picture to Pfeizer from earlier today. Divergent end of a five Wave move and we won't reiterate further than this. 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,...
(AVGO = short candidate) Opinion only
If it is defended, could make a move for 650 in next week or so...
Broadcom Inc. ( NASDAQ:AVGO ) Sector: Electronic Technology (Semiconductors) Current Price: $558.12 Breakout price: $567.50 Buy Zone (Top/Bottom Range): $555.60-$544.00 Price Target: $614.00-$622.00 Estimated Duration to Target: 55-60d Contract of Interest: $AVGO 1/21/22 560c Trade price as of publish date: $22.25/contract
Consolidation could be broken upwards with a minimum target of 565.
Broadcom, Inc. (AVGO) Sector: Electronic Technology (Semiconductors) Current Price: $506.00 Breakout price trigger: $488.40 (hold above) Buy Zone (Top/Bottom Range): $501.70-$488.40 Price Target: $538.00-$541.80 Estimated Duration to Target: 55-70d Contract of Interest: $AVGO 11/19/21 520c, $AVGO 11/19/21 540c Trade price as of publish date: $11.90/cnt, $5.90/cnt
Earnings on Thursday 9/2. There is a 24 point move priced in. Calls can work over 495. Lotto Trade Idea: 520C
NASDAQ:AVGO closed above a long time resistance level with good potential to create new historic highs in the near future IF if we do fall back into consolidation area. Targeting first level 508.9 Second level 533.1 Fingers crossed
Buy Call $495 Strike 7/23. Price target $503 Sitting above the 200 ma we have parabolic sar showing and a MACD crossed over the Signal Line. Great setup
Welcome to our weekly trade setup ( AVGO )! - 4 HOUR Overall bullish market scenario. DAILY Closure and break above previous resistance. WEEKLY Expecting more upside price action. - STOCKS SETUP BUY AVGO ENTRY LEVEL @ 480.00 SL @ 450.24 TP @ Open Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like...
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Broadcom comes to an interesting fork on the road. Friday, like many semi's, was breaking down from it's upward trend. I'd like to see it bounce off of FIBO retracement and continue going up. Buy signal with 8 confirmations should pop up. If it breaks support, I see it going all the way down to 420--hopefully I'm so wrong! The good news is that POC is around the...
weekly options play, medium risk
Hello traders, Description of the analysis: Broadcom Inc. ( AVGO ) support zones where it makes sense to time long positions. A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines are fair...