Bullish Pennant Forming on AVGO? Target: $271.50📊 Chart Breakdown:
AVGO is showing signs of a bullish pennant formation after a strong impulsive move up, followed by a period of consolidation.
🔹 Lower Highs & Trendline Resistance – The stock has been making lower highs, forming a downward sloping resistance.
🔹 Support at 9 EMA (Yellow Line