AVGO trade ideas
AVGO- Short for $162.73 to $133.13 & $170 April putsDate First Found - November 15, 2016
Pattern/Why- breakdown of trend line and up channel
Entry Target Criteria- break below $162.73
Exit Target Criteria- $133.13
Stop Loss Criteria- $170.13
Indicator Notes- huge drop in Twiggs Money Flow
Special Note- we would consider $170 April puts
Next Earnings Release Date- December 8, 2016
$AVGO InterestingTesting an interesting Support line in a few ticks.. Acording to the long term tendency it may bounce back up.
AVGO- Buy 130 & 135 put option We are looking to short AVGO as it is Breaking down of a broad rising wedge along with insider selling.
for best entry we like to see AVGO to rise a bit to the resistance.
for trading we consider Aug16- 130 put (2) & shorter term Jul16- 135 put ($1.7)
short term bearish. long term bullat this rate gap fill is not out of the question. $150 might be a possibility.
AVGOThis is setting up for the Gap and go strategy. Watch for entry on a break of todays high or a retrace and bounce with stop in gap.
MACD Is not slowing down but price at crucial levelIf price secures $150 the next major overhead resistance is at $162/$165 or we will head back to $138 levels. Trade less, save more!
(Daily) The Magnificent Bullish Shark // IF=THEN ®NASDAQ:AVGO
The perfect double top with a nice "V" shape, the neck breakout validating the double top, found support @117.17$, pull back 61.8% forging a nice 2618 short trade setup...
AB=CD pattern ends @107.10$ and from there we have a cluster zone, between 107.10$ and 101.38$ as the next probable stop before completing the Shark.
THE SHARK:
Point B:
61.8% XA
Point C:
113% to 161% AB
Point D:
161% to 224% BC
88.6% to 113% XC
Target:
38.2% to 100% CD
Double top & 2618 trade setup:
Safe Trades;
open.spotify.com
AVGO long 134.30/ 132.90, 1.7r to T1 at 136.70Day 3 continuation off a 6 hour flag up into converging Fib extensions
AVAGO What's next after earning? Short-term bearish?After earning, the price spiked up to hit the highest same as after the 5/25/2015 earning, bias thought it maybe a similar pattern, may softly drop down at the support range 140.5 - 141 which about the 23.6% Fibo of the latest uptrend, and may touch down at 38.2% Fibo too.
Plan to short if the next day price open below 144.5 with bearish candle, stop loss at 146.5.
AVGO FlagAVGO has been a great stock this is moving higher on breakout of flag, potential to run the same distance prior to the flag good risk management as this is not a weekly pattern
Avgo Technologies: Bullish Bounce LikelyFriends,
Using basic analysis, and trading psychology, we're able to get a nice long out of the trading range.
The psychology comes into this trade where we had the previous large morning star signal, which failed. BUT was not violated. This tells me there is still bullish conviction in this trade. And some technical analysis has proven that.
Kind regards.
Tom
AVGO- Winding up? 4-22 Chart wise its all about an upside crossover
of the green line that? ACTUALLY sticks. In the
meantime? The blue lines are support zones in
the event of failure to engage.
Feel free to follow on TWTR at
@AmazingPatterns
For informational and educational
purposes only, these are not
recommendations, trade at your own risk.
