Head and Shoulders? Maybe a good shorting opportunityI'm new to this, but it seems to me that today AVG formed a H&S. If it breaks the 239, then probably will go down to ~223 on this H&S pattern. lets wait and see
AVGO
Broadcom soon to riseThe pink line represents long term trend and the green one a resistance that, if crossed, can signal a bullish trend. Moreover, the company just moved its fiscal domicile a few days ago to the US, so a new attempt of taking over Qualcomm is likely (this time it won't encounter president Trump's opposition).
Feel free to comment and share your opinion.
Broadcom covering the GapAVGO covering the gap. Target around 251.93. Second one at 237.37.
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BROADCOM Long Opportunity CHART TIMEFRAME: DAILY
PATTERN : BROADENING WEDGE
Details as described on the chart.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
AVGO BROADCOM LTD Buy Opportunity Broadening Wedge B.W. broken.
Targets of the formation are described on the chart
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
QCOM Weekly: Pennant formation with downside target $32This is a long-term weekly chart on QCOM which completed an extended ABCD at the $81 level on Jul'2014. Currently trading near the top of a pennant formation with a clearly defined stop-loss level (ie. upper bound of pennant) with a huge potential if QCOM does break down and start a continuation CD leg to $32. This is a company fighting with its major customer (AAPL), turning down a premium bid from AVGO and shelling out top dollar for NXP. If AVGO walks away. management would have lots to answer for.
AVGO- H&S formation short at the break of $234.87 & 223.23 AVGO is breaking down from a H&S formation. Moneyflow is going down sharp. It looks pretty good quick short setup.
* Trade Criteria *
Date First Found- June 27, 2017
Pattern/Why- H&S formation
Entry Target Criteria- Break of $234.87
Exit Target Criteria- $223.23
Stop Loss Criteria- $241.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
AVGO- Short for $162.73 to $133.13 & $170 April putsDate First Found - November 15, 2016
Pattern/Why- breakdown of trend line and up channel
Entry Target Criteria- break below $162.73
Exit Target Criteria- $133.13
Stop Loss Criteria- $170.13
Indicator Notes- huge drop in Twiggs Money Flow
Special Note- we would consider $170 April puts
Next Earnings Release Date- December 8, 2016
AVGO- Buy 130 & 135 put option We are looking to short AVGO as it is Breaking down of a broad rising wedge along with insider selling.
for best entry we like to see AVGO to rise a bit to the resistance.
for trading we consider Aug16- 130 put (2) & shorter term Jul16- 135 put ($1.7)
Broke outBroke out of wedge. Now forming bullish ascending triangle w/ BO at 65.19, will then go to 70
ConfirmedBroke out of falling wedge. Indicates reversal to the upside. MACD curled up. Next R1D65.17 R2W70.95 R3D72.06 R4D75.66 R5D83.56
(Daily) The Magnificent Bullish Shark // IF=THEN ®NASDAQ:AVGO
The perfect double top with a nice "V" shape, the neck breakout validating the double top, found support @117.17$, pull back 61.8% forging a nice 2618 short trade setup...
AB=CD pattern ends @107.10$ and from there we have a cluster zone, between 107.10$ and 101.38$ as the next probable stop before completing the Shark.
THE SHARK:
Point B:
61.8% XA
Point C:
113% to 161% AB
Point D:
161% to 224% BC
88.6% to 113% XC
Target:
38.2% to 100% CD
Double top & 2618 trade setup:
Safe Trades;
open.spotify.com
Launching from Earth back to SkyWedging down Triangle. Bullish Divergence in MFI, RSI & MACD. Bullish Crossover on MACD
Regular Bullish DivergenceLower Low, but Higher MFI, indicates Bears are exhausting. High possibility of trend change imo
Support trendThis has served as a good support trend. Today closed at 9/3/12 high which is the same level of support. Next few days will be telling.
AVGO- Winding up? 4-22 Chart wise its all about an upside crossover
of the green line that? ACTUALLY sticks. In the
meantime? The blue lines are support zones in
the event of failure to engage.
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@AmazingPatterns
For informational and educational
purposes only, these are not
recommendations, trade at your own risk.
