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BROADCOM INC. DL-,001BROADCOM INC. DL-,001BROADCOM INC. DL-,001

BROADCOM INC. DL-,001

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Broadcom Closes $69 Billion VMware Deal After China ApprovalBroadcom (AVGO.O) closed its $69 billion acquisition of cloud-computing firm VMware (VMW.N) after receiving regulatory approval in last major market China and ending a months-long saga. The deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan's efforts to boost the chipmaker's software business. However, the transaction faced tough regulatory scrutiny across the world and the companies had delayed the closing date three times. China's regulatory approval came through on Tuesday after ongoing tensions with the U.S. around tougher chip export control measures had stoked fears among some investors on the company's ability to close the deal before the Nov. 26 deadline. "The improved mood music after the meeting between China's President Xi Jinping and U.S. President Joe Biden earlier this month helped to settle remaining nerves," Danni Hewson, head of financial analysis at AJ Bell, said on Tuesday, after the companies said they planned to close the transaction on Nov. 22. The European Commission had approved the acquisition after Broadcom offered remedies to help rival Marvell Technology (MRVL.O) while the UK's Competition and Markets Authority (CMA) gave its green light following an in-depth investigation. Big Tech mergers such as Microsoft's (MSFT.O) now-closed $69 billion purchase of the "Call of Duty" publisher Activision have faced heightened regulatory pressure from the U.S. Federal Trade Commission under its Chair Lina Khan. Price Momentum AVGO is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:AVGO
by DEXWireNews
$AVGO Broadcom Inc. Bull FlagA pull back to the orange line will be my buying opportunity, break below and confirm stop out. The mention of a "Bull Flag breakout" in relation to NASDAQ:AVGO (Broadcom Inc.) suggests a specific pattern in technical analysis that indicates potential bullish momentum. Here's a breakdown of what this means: 1. **Bull Flag Pattern**: This is a continuation pattern that occurs after a strong price movement upwards, followed by a consolidation phase that forms the 'flag.' The flag is typically a slight downward or horizontal sloping rectangle formed by parallel trendlines against the preceding uptrend. This pattern is considered bullish because it often signals that the stock is gathering strength before a further upward move. 2. **Breakout**: A breakout in this context means that the stock price has moved above the upper boundary of the flag pattern. This is usually accompanied by an increase in volume and is seen as a confirmation that the stock is resuming its prior uptrend. 3. **Implications for NASDAQ:AVGO **: For Broadcom Inc., the observation of a Bull Flag breakout implies that the stock might be entering a phase of continued upward price movement. Investors and traders often interpret this as a buying opportunity, anticipating further price increases. 4. **Technical Analysis Considerations**: When analyzing a Bull Flag breakout, it's important to consider the volume during the breakout (higher volume provides stronger confirmation), the height of the mast (the initial price surge before the flag formation), and whether other technical indicators support the bullish sentiment. 5. **Risk Management**: While Bull Flag breakouts can be powerful signals, they are not infallible. It’s crucial to incorporate risk management strategies, such as setting stop-loss orders, to protect against the possibility that the breakout does not lead to the expected upward trend. 6. **Fundamental Factors**: Beyond technical analysis, it's also essential to consider Broadcom's fundamental factors, such as its financial health, industry trends, and overall market conditions, as these can impact the stock's performance irrespective of technical patterns. Remember, technical analysis like the Bull Flag pattern is just one tool in a broader investment strategy. It's always recommended to consider a range of factors and perform comprehensive analysis before making investment decisions.
NASDAQ:AVGO
by AlgoTradeAlert
AVGO - 5 months ASCENDING TRIANGLE══════════════════════════════ Since 2014, my markets approach is to spot trading opportunities based solely on the development of CLASSICAL CHART PATTERNS 🤝Let’s learn and grow together 🤝 ══════════════════════════════ Hello Traders ✌ After a careful consideration I came to the conclusion that: - it is crucial to be quick in alerting you with all the opportunities I spot and often I don't post a good pattern because I don't have the opportunity to write down a proper didactical comment; - since my parameters to identify a Classical Pattern and its scenario are very well defined, many of my comments were and would be redundant; - the information that I think is important is very simple and can easily be understood just by looking at charts; For these reasons and hoping to give you a better help, I decided to write comments only when something very specific or interesting shows up, otherwise all the information is shown on the chart. Thank you all for your support 🔎🔎🔎 ALWAYS REMEMBER "A pattern IS NOT a Pattern until the breakout is completed. Before that moment it is just a bunch of colorful candlesticks on a chart of your watchlist" ═════════════════════════════ ⚠ DISCLAIMER ⚠ The content is The Art Of Charting's personal opinion and it is posted purely for educational purpose and therefore it must not be taken as a direct or indirect investing recommendations or advices. Any action taken upon these information is at your own risk.
NASDAQ:AVGOLong
by TheArtOfCharting
Broadcom Inc. (AVGO) Market Analysis & Growth ForecastProduct and Market Overview: Broadcom offers semiconductor devices with applications across various industries. Headquartered in San Jose, California, specializing in mixed signal and analog III-V based products. Financial Performance and Growth (2018-2022): Revenue Growth: Consistent increase from $20.8 billion (2018) to $33.2 billion (2022). Net Income: Marked growth with $11.2 billion in 2022. Earnings Per Share: Improved from $12.66 in 2018 to $27.06 in 2022. Cash Flow Insights: Strong growth in net cash from operating activities. Significant investments in 2019 and 2020. Financing activities vary, impacting overall cash reserves. Market Performance and Outlook: Stock price as of Nov 10, 2023: $957.52. Q3 Earnings exceeded expectations at $10.54 per share. Anticipated Q4 EPS: $11.00. Strong valuation ratios and operating margins indicate robust profitability. Competitive Positioning: Against Intel Corporation (INTC), MACOM Technology Solutions (MTSI), NXP Semiconductors (NXPI), and Qorvo Inc. (QRVO): Broadcom stands out due to its product range and application scope. Conclusion: Broadcom's financial statements, market performance, and strategic positioning against key competitors underscore its status as a robust and growing force in the semiconductor sector.
NASDAQ:AVGOLong
by thedailyinvestor
📈📊 #ChartPattern Alert! 📈📊 📈 Rising Wedge 📈📈 What is a Rising Wedge? The Rising Wedge is a bearish chart pattern characterized by two converging trendlines, with the lower trendline sloping upward more than the upper trendline. It typically signals a potential bearish reversal, with the price likely to break downward after the wedge pattern. 📈 How to Identify: Draw a trendline connecting at least two lower highs (upper trendline). Draw another trendline connecting at least two lower lows (lower trendline). 📈 What it Signals: The Rising Wedge suggests a potential bearish reversal, with sellers prevailing at lower highs within the wedge. It often forms during uptrends and can precede a significant price move to the downside. 📈 Trade Strategy: Consider short-selling or setting stop-loss levels if the price breaks below the lower trendline of the Rising Wedge. Set profit targets based on the pattern's height subtracted from the breakdown point. Implement a stop-loss to manage risk in case of a false breakdown. Remember to use other technical indicators and conduct thorough research to support your analysis before making any trading decisions. Happy charting and trading! 📉💹
NASDAQ:AVGO
by RaffDN
1
BROADCOM Straightforward plan with an eye on the break out.AVGO is testing the Resistance (1) level (925) of the 4 month Rectangle pattern. This is a short term sell signal unless it crosses upwards. The Rising Support trend line has been holding the long term bullish trend intact for 1 year exactly (October 13th 2022). Trading Plan: 1. Sell as long as the candles close under Resistance (1). 2. Buy if one closes over it. Targets: 1. 840 (Rising Support). 2. 1077 (Fibonacci 2.0 extension). Tips: 1. The RSI (1d) crossed above its Rising Resistance. Potential signal, in combination with holding the Rising Support, that a long term break out is ahead. Please like, follow and comment!!
NASDAQ:AVGO
by TradingBrokersView
AVGO and SOXS Preparing to Move BigSOXS the 3x Inverse ETF for Semiconductors, has broken out of a Bullish Head and Shoulders and now sits at the 89EMA. If things go as expected, SOXS should be clear to at least give us a 60-150% rally. At the same time, we also have a Bearish AB=CD on AVGO and what looks to simply be filling of a gap it made at $830 after breaking below its own slanted Bearish Head and Shoulders neckline as seen here: If things go as I expect them to, we will see AVGO open the week to aggressive downside with minimum overall targets as deep as 50% below current prices.
NASDAQ:AVGOShort
by RizeSenpai
4
AVGO - gaps down on rumor of Google changing suppliersNASDAQ:AVGO had a volatile premarket and a gap down on open on the news of NASDAQ:GOOG cutting them as a supplier. www.reuters.com This kind of news pops up for chip suppliers and rarely amounts to much. The gap down closed the small gap from 8/21. If we take a measured moves of the gap from the most recent highs we could see price move in a new range that comes down to ~765, or even ~720. The 720 range would fill the gap from May. I anchored a VWAP to the March 13 candle. This candle was the first test of the March gap up and established the consolidation range that took place for the next two months. This VWAP coincided with the low during the premarket selloff. It will be important for this level to hold as support otherwise we could see a test of the VWAP from the November 2022 gap up or the VWAP from the end of the October drawdown. Note that each of these are displaying confluence with the 200SMA and the bottom of the larger measured range down. All of which are below the opening of the May gap. My game plan from Aug 8 remains in place. My first buy orders target hit during pre-market and my remaining at ~750 and ~730 are still in place.
NASDAQ:AVGOLong
by Ben_1148x2
1
Broadcom (AVGO) -> Stronger Than NvidiaMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️ I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise. This is how you build real long term wealth! In today's anaylsis I want to take a look at the bigger picture on Broadcom. Over the past 12 months Broadcom stock rallied more than 120% towards the upside, following the major hype in the whole semiconductor and AI sector. After this recent pump it is quite expected that we will see a short term correction and if Broadcom retests the previous all time high at $630, this will be a perfectly bullish setup. - - - - - - - - - - - - - - - - - - - - I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy. Keep the long term vision🫡
NASDAQ:AVGOShort
by basictradingtv
30
AVGO pre-earnings updateNASDAQ:AVGO pre-earnings update. This is a large long-term holding for me and it has been one of my best performers. I am not looking to add at this time and would be taking profit if my cost basis wasn’t already so favorable. There is a lot to like about AVGO. Great dividend growth history, consistently outperforming earnings expectations, strong management team, and very easy to manage with basic technical analysis. They report earnings late in the cycle relative to other semis, which occasionally offers great opportunities when other chip companies have poor earnings. Bull thesis - they excels in operating efficiency, have strong management team, and strong Apple hardware integration Bear thesis - large exposure in in nonmoaty sectors (broadband and storage chips), low-growth software markets, and acquisition-focused strategy Last earnings: Good: Revenue beat, EPS beat, and increased guidance by 5%. Bad: Management was asked about AI related growth cannibalizing current business. Management had a relatively weak answer to this that sent price on a roller coaster. Average 12 month price target consensus increased from $763 to $908. To keep momentum going this earnings will likely need to beat and raise guidance in line with others in the sector, and will need to give clearer direction on product cannibalization. Technical: This is a great long term trend, but price has moved above the primary trend along with the entire sector. This will either be a new primary trend or will prove to be unsustainable. It feels like the latter, but sentiment for the AI narrative has been resilient. Last earnings price jumped with a breakaway gap and then formed a symmetrical triangle. 75% of breakaway gaps close within a year and the average time to close is 83 days. AVGO's gap is currently at 96 days. Price broke below the cradle of the symmetrical triangle and left another small gap in its recovery. Longer term, I'm still eying opportunities to add below $820. My targets are currently $808, 790, 750, and 730.
NASDAQ:AVGOLong
by Ben_1148x2
Market Leaders are FailingEvery bull market has a “theme” – a specific sector or group of stocks that lead the rest of the market. In the last '90s it was dot-com. From 2009-2020 the theme was big tech. The short-lived bull from 2020-2021 was driven by work-from-home stocks. This market has had a theme too. And that theme is artificial intelligence. Stocks with exposure to AI have been the top performers in 2023. Meta, Nvidia, Super Micro Computer, MongoDB, and several others have all seen spectacular gains this year. These are the market leaders… the institutional favorites… the Wall Street darlings… whatever you want to call them. When these stocks begin to pull back, the rest of the market does too. So, we always want to keep an eye on them. Last week, leadership began to weaken. NVDA, MDB, AAPL, AVGO and others closed below their 21-day EMA for the first time in months. When leading stocks dip, we want to see them bounce immediately. We want to see them act like tennis balls, not eggs. They didn’t. And as expected, the selling continued throughout the week. The Nasdaq index closed firmly below its 50-day moving average for the first time since January. Make no mistake - I still believe we are in a bull market. If I were a long-term investor, I would hold through what will likely be a short-term pullback. But as a trader, my goal is to make as much as I can when the environment is favorable, and the the heck out of the way when things turn south. This is 'get the heck out of the way' time. Although the indexes have only pulled back 5-6% so far, many of the big names have fallen 20% or more over the last several weeks. The indexes are generally a poor gauge of growth stock performance. However, the action in growth stocks is often a precursor to what we will see next in the general market. Hopefully, this retracements is temporary. We have not yet seen broad-based selling on above average volume, and that is a good sign. Pullbacks are normal. Stocks do not go straight up. When prices rise too much too fast, they need to “reset” in order to digest the price action and knock the froth off the market. Smart traders will use these periods as a proving ground for the top stocks. Which names hold up the best? Which tickers pull back the least and do so on the lightest volume? These will be the winners on the next leg higher. I try my best to scan enough stocks to try and get a feel for where money is flowing. Often you will see a group or two surging while the rest of the market is pulling back. Right now, only two areas stand out: The first is oil and gas stocks. These have performed very well over the last few weeks. It is too soon to say if this will develop into an overarching theme, but I am keeping an eye on this group and bought a couple stocks to test the waters. The big cryptocurrencies are also showing a lot of strength here. Bitcoin and Ethereum, which I trade via the GBTC and ETHE exchange traded funds, looked poised for breakouts higher. They are showing a lot of strength right now when not much else is.
NASDAQ:AVGO
by rossgivens