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BROADCOM INC CEDEAR EACH 39 REPR 1 COMBROADCOM INC CEDEAR EACH 39 REPR 1 COMBROADCOM INC CEDEAR EACH 39 REPR 1 COM

BROADCOM INC CEDEAR EACH 39 REPR 1 COM

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AVGO trade ideas

AVGO: Sort opportunityAn intraday high potential, Back Tested Sort Analysis. We ll try to enter into the correction of the uptrend movement tracking trend oscillators as below: Price is likely to move within the parallel channel having the potential to break it down. CCI triple top divergence breaking down the zero level. Triple top resistance level. A Breakaway gap at the end of a price pattern and signaling the beginning of the reversal. We ll try to find an entry price within the expected pull back zone 257.90 - 260.60 as previously being back tested. DETAILS ON THE CHART NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
NASDAQ:AVGOShort
by TradingStatistics
1
AVGO ShortAVGO, after forming a 4 month flat base last year, broke out on big volume . After reaching its peak around 285, it's been struggling for 2 months, coming back to the breakout level. Then it finally gave up and plunged through the breakout level on big volume . After coming back from the bottom of the previous base (on really low volume ), it tried to break out again, but failed on a huge volume , falling back to the same level, which acts as a neckline in the forming head & shoulders pattern. It had 2 attempts to break above the 200 day MA, both resulting in failure. It will probably consolidate between the neckline and the Moving Averages for a while, but when it breaks the Neckline, it is clearly going to be in a downtrend.
NASDAQ:AVGOShort
by BenedekBokor