Short $AVGO from 520Again, we have a setup with 4th test to top of channel. I hope to get filled at 520 when market opens monday. Here is a potential for a 25% scalp within 2-3 months. R/R is (as always) around 1:3
Entry: 520
SL: 564.5
TP: 393.5
AVGOCL trade ideas
AVGO: Head and Shoulders?Broadcom
Intraday - We look to Buy at 457.26 (stop at 435.69)
A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. The measured move target is 512.00. Dip buying offers good risk/reward.
Our profit targets will be 510.99 and 530.00
Resistance: 512.00 / 574.00 / 670.00
Support: 450.00 / 350.00 / 260.00
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ButterflyBullish.
Butterflies are often found at tops and at bottoms.
The butterfly should terminate close to the 1.272 of XA. This one was a bit shy of the 1.272.
The 2nd leg, the retracement should be close to the .786 of XA.
Peak 2 is lower than peak 1. It is a crooked M.
There is no pocket pivot noted at this last leg yet price gapped up.
In a perfect world targets for this pattern would be a the white lines I drew.
I am not sure this is a perfect world though.
This broke down from a triangle and the bottom trendline of that triangle could act as resistance.
No recommendation.
The butterfly is an extension pattern and the final leg ends below X in the bullish version.
It is also considered a price exhaustion pattern.
Target 1 level can also cause some resistance and sometimes all you get is T1 )o:
Every stock is different just like everyday in this market can be different.
Symmetrical TriangleAppears to have broken to the downside.
Price is at the .382 of the trend up.
No recommendation
$AVGO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AVGO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 80%.
AVGO Broadcom Options Ahead Of EarningsLooking 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.
Strong Buy AVGO:547.27We consider a strong buy for Broadcom Inc, rating the company as the absolute leader in semiconductors
Bouncing on POCAVGO has returned to its post-March 2020 point of control.
Stepping down a time frame to the daily chart, we can see a cluster of Dojis. Combined with volume falling under the 50day average, MACD crossing its signal, and Stoch recovering from oversold shows hesitation in the selloff.
An aggressive trade would be to enter now, while a more conservative entry would be above the support or resistance zone just north of the 21EMA.
Broadcom's Bearish OutlookAVGO showing quite textbook looking waves with fib confluence, expecting current impulse wave down to at least touch the previous major support. If price hits this target, I'd expect it to be the beginning of a deeper correction.
AVGO 481Timeframe: Multi-month swing
Last week AVGO retested and rejected the weekly 10MA yet again and sold off rather quickly. I'm targeting price to eventually make it to 481 over the next month or two. For the last 3 weeks we have yet to get above the golden zone around 594-598. We have also yet to close above the weekly 10MA for 10 weeks.
How to play this?
• I'll be looking for price to cross 539.72 to signal that AVGO would like to go lower in the coming weeks. If price never crosses below that level this week then we can play the upside.
• Once the trigger hits I would be getting in to take it to 531.
Trigger (539.72) then reversal plan:
• I would look for a bearish reversal pattern on the daily around 558 and 562 to take it short.
Things to look out for:
• Be aware that price can cross 539 this week, reverse to 558, and then reverse again the following week.
• Short term I could see some upside retracement to 558-562 to retest last week's price area. There is very strong supply at this level as it is the bottom of the VWAP (from April 2022). This means a lot of folks are holding the bag and they might be anxious to get out at that level.
Short Invalidation/Bullish:
Short invalidation area is at 576.27. At that point I would take it up to 583, 594 then 598 (golden fibs).
AVGO more downsideWent parabolic end of last year, broke down from that and has yet to complete full downside move.
Expecting 490s by early July.
$AVGO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AVGO after a Negative over reaction following its earnings release placing the stock in drift C.
AVGO bull put spreadBelow the 200 SMA on daily. AVGO has had pretty decent strength for a bit. Not expecting it to TANK in 2 weeks.
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AVGOFirst the failed breakout now rejection of multiple sma's & YTD VWAP on heavy volume. Couple short term levels below.
AVGOSimilar look to AAPL. Temp top candle printed last month. Looking for a test of last quarter's low for this quarter.
$AVGO Ready to Break Out?$AVGO – On a relative basis, Broadcom has held up well when compared to other high beta stocks. When I look at this formation of candles on the right side of the chart, I can see several patterns; 1. Flat base, blue line. 2 ascending triangle, 3. If you look hard an inverse head and shoulders and most important 4. A Minervini – VCP (volatility contraction pattern). I also like the big green volume which shows massive accumulation since it’s Jan 24th low. I’ll be looking to go long when both the overall market is up and price goes above $613.50. In this market I’ve been running no more than a 2% stop. Let’s see how it plays out. Ideas, not investing / trading advice.
AVGO - Underrated titan in vulnerable spot
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 Short Setup On Weekly. Another Beautiful Short.Similar chart to OPCH at the moment. I have orders throughout the Short Zone with the heaviest at the of the box for ideal risk/reward.
$AVGo with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AVGO after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 86.67%.
AVGO: POTENTIAL 11% SWING TRADEAVGO :
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 your profit target to 678 (11% profit).
Swing trade for me.
Trade safe!
