AVGO trade ideas
MATRIX portfolio AVGO/USD : Smart money levels No description needed.
I just spot where the value should be or where are the levels smart-money and institutionals traders and investors look for buy entry's, according to Fibonacci retracements.
NOT FINANCIAL ADVICE
MORPHEUS.
Clear uptrend Signal on AVGOHello traders,
this time we found a Long signal for AVGO with an awesome risk reward ratio. Stock market is on a bullish uptrend and even the fundamentals are positive.
TP: around 490
SL: without, or 451
RRR: 3.4
Happy trading !
Broadcom Inc. (AVGO) This equity very interesting, but the investor need a little of faith to buy at this price. The trendline is very strong and the company is pegged to mirror the broader market for the year ahead. AVGO offer a total-return potential for the middecade. IT customers will likely seek to expand their budgets. Finally, we look for prior acquisitions, namely Symantec and CA Technologies, to gain added traction over future quarters.
Total net profit (2020) 2.9 B.
Total net profit (2021) est. 5.50 B.
Total debt 42.0 B
AVGO - STOCKS - 12. APR. 2021Welcome to our weekly trade setup ( AVGO )!
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4 HOUR
Overall bullish market scenario.
DAILY
Closure and break above previous resistance.
WEEKLY
Expecting more upside price action.
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STOCKS SETUP
BUY AVGO
ENTRY LEVEL @ 480.00
SL @ 450.24
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AVGO > 490Gameplan:
Ticker: AVGO
Sector: Technology / Semiconductors
Average Beta: 0.99
Set up: Wedge Breakout
Entry Price: 490.21 (50%) 495.21 (Add other 50%)
Stop Loss: 477.39
Price Target: 550+
Scale in/out: Will scale in with a feeler at this level about half-size incase I get stopped out I can re-enter at another level. Will scale out 1/3 off of momentum to pay for the trade and give the rest towards trailing and the proper stop.
Will you trail: Will trail with previous day LOD
Next Earnings: June 10th 2021
Previous Earnings: March 4th 2021
ATR: 15.61
ATV: 2.23 Million
Spread: 0.50 - 1.00
Support: 477.50
Resistance: 495, 500, Phycological Figures
Key Levels: 477.50, 495, 500, Phycological Figures
Short Interest: 1.22%
I love this setup, because of its formation and especially the tight entry.. Its stop is right below the pivot and has been consolidating throughout this whole week around this level. This trade has so much potential to the upside and with the market and highs along with all the other catalysts such as the semi-conductors performing well these past months.. there is too much room to grow in this trade but with the level being to tight and the ATR being capable of stopping us out day 1, it is best to grab a feeler and to add to the core position above 495 to prepare for the bigger move.
On the downside there really isn't too many major flaws expect for it consolidation period being fairly quick for an average beta name.. otherwise there isn't any cons about this setup.
AVGO heading upAVGO retested support once more and bounced, and this time also coupled by regaining long-term trend and it's 50 day average.
WIll likely see selling pressure at two zones as indicated by red bars:
Potential long entry on AVGO 15 mins. Target 1: 467.82Potential long entry on AVGO 15 mins. Target 1: 467.82
AVGO: Cycle Completion?I've been watching semiconductor stocks for sometime now and I've come to the conclusion that the sector is in a large cycle that is nearing completion. Doing a deeper dive I came across Broadcom and found that the cycle fit the wave pattern almost perfectly. Additionally, there seems to be an inverse head and shoulders on the lower timeframe. With this in mind, I think a long-term short on Broadcom at this level could lead to some considerable gains. Risky play since semiconductor stocks sometime run like wildfire but I will likely be entering a position if there is no neckline break and selling momentum from this morning continues.
AVGO🌦More LDCs on tech stocks. This reinforces my hypothesis about markets being green next week.
Prepare for the big long!
Intermarket analysis👇
AVGO rebounding big timeAlongside a few other traders, eyed up the potential chart pattern of inverse H&S forming but, didn't quite get there with the market pulling tech a different direction after the Fed testimony.
My concern was the breakdown through the green trendline that extends back from March 2020 lows on Wednesday but yesterday was good, and today... well what a day, bounced so clearly and strongly off that support level - this definitely hasn't lost it's bullish nature.
Long and strong with AVGO.
AVGO (Broadcom) largest intraday volume in two yearsSomeone is really interested in Broadcom (semiconductors)
I'm still uncertain about the market trend, looks bearish to me so we have to be carefull.
Avgo Inverted H&SGetting Added to the S&P Monday. One of the best semi conductors stocks I've traded last year.
Has been getting rejected from the yellow trendline since feb12th and has now formed a inverted H&S. This stock follows the Nasdaq closely and if you look at a Chart of the QQQ you'll see the same Inverted H&S forming. With that being said alot depends on how the Nasdaq responds to any moves in bond yields.
Broke above their split channel (Redline) on Friday. I'll be looking for an entry above 486 with 495 and 515 my fib targets.
You can see the pattern forming in the RSI
$AVGO with a bullish outlook following its earnings #Stocks The PEAD projected a bullish outlook for $AVGO after positive over reaction following its earnings release placing the stock in Drift B
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AVGO (NASDAQ) - Prepare buy if break upGreetings
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Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
AVGO (NASDAQ) - Prepare buy if break up
$AVGO finds a FORK on the FIBO roadBroadcom comes to an interesting fork on the road.
Friday, like many semi's, was breaking down from it's upward trend.
I'd like to see it bounce off of FIBO retracement and continue going up. Buy signal with 8 confirmations should pop up.
If it breaks support, I see it going all the way down to 420--hopefully I'm so wrong!
The good news is that POC is around the 418-422 range, so it'll take some major new event to break further down.
Happy Trading, from CJ -- aka the greatest FURU.
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Broadcom - High probability setup with tight stopSince it has made recent higher low of 399, expect trend continuation and less chances of dropping below round number 400.
