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BROADCOM INC. DL-,001BB

BROADCOM INC. DL-,001

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1YD trade ideas

Avgo - Continue to rally ?Managed to climb and stay above 500 pychological level after moving sideway between 420 to 500 for most of 2021. Nice and strong uptrend with EMA20 to EMA200 line up. FiFT +ve indicating strong bull. Weekly Chart MCDX 75% but daily chart MCDX banker still low with only 6%. Fibo target 570. Support 480 Based on Finviz, Avgo gross margin is 60%, RoE 24%. Analyst's target price 551 Plan :- Monitor and wait for price pullback to near EMA50. Valid only if price stay above trendline.
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by kgiap123
1
A Review of AVGOWas asked to take a look at AVGO. In an interest to continue learning and stretching myself I thought I would take it on. Here’s where I landed. The stock spiked hard starting 25 October and gained nearly 17% in 23 days vs the trend it was on with nearly 14% over 146 days. This looks like an anomaly and maybe some outside factors played a role in this spike. I would expect it to settle back in to it’s health trend soon. It’s certainly on the rise, but working on the data alone I wouldn’t expect it to continue at this new aggressive rate. It’s more likely it will establish a new resistance level, but my guess is it will settle back into it’s current trend and coming back to this $560 range in a more healthy way in around Feb/Mar of 2022. If a new resistance level is established we could see it hitting $600+ in Feb/Mar 2022 instead. I took a not so scientific look at the resistance levels. It appears the stock skips along the resistance line for an average of 60 days (looked at this pre-COVID and also what it’s doing now - it can be longer or shorter). At the end of each cycle a new resistance level is created. This stock was about establish a new resistance level when it broke out. Semiconductors sector is an interesting industry. If Broadcom keeps delivering and the demand keeps increase; I expect it to continue to rise. Certainly not financial advise and I’m still learning here. Again, if I missed anything or if there are any tools, indicators or strategies that I could be applying to get better results I would love to hear them.
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by Trynreadme
2
Broadcom Makes a Higher LowSemiconductor stocks have struggled along with the broader market, but a few have managed to outperform. One of them is Broadcom. The most interesting feature on AVGO’s chart is the series of higher lows, including Monday’s dip under $475. In contrast, the Nasdaq-100 made a lower low versus August. Next, the bounce is occurring at the 100-day simple moving average (SMA). That line has provided support since the beginning of June. Third, stochastic recently dipped to an oversold condition. Given the forward calendar, with earnings over the next few weeks, traders may view this an interesting moment for a stock showing signs of resuming its longer-term uptrend. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NLong
by TradeStation
Ever Hear Of A Coiled Spring?AVGO daily chart is setting up for a huge breakout, should the right market conditions present themselves. Trading at only 14x FWD EV/EBITDA, this cheap semi conglomerate has a lot of upside should XLK continue its outperformance and the market remains how it has been. Earnings revisions have been trending upwards as well. Fiscal EPS Esti YoY Gwth 1M Trend 3M Trend 6M Trend Oct 2021 27.60 24.56% 0.00% 2.44% 4.68% Oct 2022 30.11 9.10% 0.00% 3.60% 6.22% Oct 2023 31.98 6.18% 0.00% 4.22% 24.76% Oct 2024 31.87 -0.33% 5.92% 16.48% - Oct 2025 33.29 4.46% 6.97% - - Something to keep an eye on. Cheers!
NLong
by PropNotes
5