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.
AVGOCL trade ideas
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.
$AVGO Broadcom Running hard into earnings
The SMH could get a nice pump or a dump this evening as AVGO reports results.
Has historically been a very difficult stock to gauge going into earnings as they often low-ball and undersell performance.
Will await for the report and wait for a possible move to ATH