Broadcom Should Break Out SoonNASDAQ:AVGO is repeating the same pattern from 2 months ago before it broke out. Look for entries near trend line supports or on a break out. Support and resistance levels are clearly marked via the trend lines. Also, when the ADX crosses bullish it will be an extra long indicator.
AVGO trade ideas
$AVGO Broadcom on Alert for Breakout
Whether you believe in TA or not it is hard to deny the significance of this ascending parallel channel,
The stock is now just below midpoint and until it crosses we believe there is to much risk for a long entry.
Alert set on horizontal resistance @ $372 where it can be considered for entry.
Indicators are turning quite Bullish so best wait for a great entry rather than a risky one.
AVGO Long set upGood company with over 3.5% dividend. Growth stock. Retesting the breakout are. I think it's a good buy there. I will watch to add some there for a long term growth and earn yield. This is not a recommendation to buy or sell any financial asset. These posts are for educational purposes only. Please do your own homework before purchasing any assets.
BROADCOM INC: Double profit The tendency of the stock market confirm that the winning is certain. The principals recommendations that should be taken into account are:
1/ Enter the stock market as a buyer;
2/ Sell the first position and collect the gain made;
3/ Reinforce our position and our gain;
Finally, we exit and close through a short position.
The given chart shows the right time correspondant to each action.
Traders who are concerned: write in comments.
AVGO - sitting at resistance. Break could be +170 points?!If you read this as a giant inverse head-and-shoulders, a break of the neckline right around the current levels would project +170 points(!) landing this stock at a cool 500. Regardless of the read, we have bumped up against resistance several times and it looks ready to break through. a strengthening MACD lends credence to the story. Earnings come in September so it could sit a big - If you are going options, be sure to put some time in there.
AVGO has been trying to breach the 320-330 range for yearsAfter stellar recovery in last few months AVGO is making legitimate attempt to stay above 320 and probably break through the long-term 330 ceiling. It's got pretty strong tailwinds too:
- AAPL is going to the moon and beyond
- semiconductor ETFs are hot (again)
- it's doing workforce "consolidation" which will surely make shareholders happy
- dividend increases every quarter no matter what! koyfin.com
While there's no guarantee this will be quick and assertive breakout, AVGO is making definitive move to enter growth regime.