$AVGO - triangle breakout and retest. now looking for $250 plusAVGO - Stock recently broke out of triangle pattern and now retest top of it. Looking for calls tomorrow as long as $240 holds. watching $250 and $275 next level. Stock is strong on indicators. on high watchby TheStockTraderHub224
$AVGO - Another Blow Off Top is Loading!NASDAQ:AVGO Parabolic move followed by a resting period! What comes next? HIGHER! 👆 They will follow these MASSIVE AI/ Semi earnings names higher IMO 🎯247🎯252🎯270 Not financial adviceLongby RonnieV29116
I still believe we will see the stock surge higherAVGO is somewhat extended, but I still believe we will see the stock surge higher. I will sell 50% at overbought levels and use an 8% trailing stopLongby OssianHUpdated 3
AVGO LongAlready long this with 8% size. Breakout and retesting trendline + showing Upside Reversal. ASIC leader stock, HVY with unfilled price gap on earnings. Been consolidating for awhile now, looks actionable today.Longby momentum_ben1
Broadcom - This Chart Tells Us Everything!Broadcom ( NASDAQ:AVGO ) is retesting massive resistance: Click chart above to see the detailed analysis👆🏻 For roughly a decade, Broadcom has been trading in a quite obvious rising channel pattern, perfectly rejecting the lower support trendline back in the end of 2022. After the recent rally of more than +200%, it is quite likely that we will now see a substantial move lower from here. Levels to watch: $250, $150 Keep your long term vision, Philip (BasicTrading)Short03:52by basictradingtvUpdated 6643
AVGO LT: BULL / ST: BEAR UNTIL NEXT EARNINGS!!After taking a look into AVGO, I decided to take profit on a CALL Option that was placed last month. I was alerted by this double top / triple top chart pattern which led to the take profit decision. I've placed notes on this chart as you can see. ALL TIME HIGH (ATH) : 252 After reaching ATH, Broadcom has tried to rest the resistance and has rejected 2 to 3 times over the course of a month. With this 3rd retest and rejection. It is a clear indication of a pullback towards the 200-220 area. I will continue to monitor day to day for any changes in my analysis. For my scalpers: If you want, you can execute a PUT option with take profit around 220 area. STOP LOSS: 242 I on the other hand will wait until pull back is drawn then execute another CALL Option. I am very bullish on AVGO, and I see great potential for this company to flourish in the upcoming years. Feel free to leave any comments on this take about Broadcom. by ajacks920
AVGO at Resistance! Will It Break Higher? Jan 22Technical Analysis for Trading * Trend Overview: AVGO is consolidating near $242.42, testing a key resistance zone. The price has formed higher lows, supported by a rising trendline, signaling bullish strength. However, a breakout above $242.77 is needed to confirm further upside. * Key Levels: * Resistance: $242.77 and $245.00 are critical levels to watch for a breakout. * Support: $240.31 and $237.44 are immediate levels to hold in case of a pullback. * Indicators: * MACD: Flat, indicating indecision. A bullish crossover could signal renewed momentum. * Stoch RSI: Overbought, suggesting potential for short-term consolidation or pullback. * Volume: Increasing volume is necessary to validate any breakout above resistance. Gamma Exposure (GEX) Insights for Options Trading * Key Gamma Levels: * Positive GEX: $245.00 and $250.00 are significant call walls, with $242.77 acting as the strongest resistance. * Negative GEX: $235.00 and $227.50 are key put support levels. * Options Metrics: * IVR: Moderate at 27.3, indicating reasonably priced options. * Call/Put Skew: Bullish sentiment with calls at 40.8%, reflecting optimism among traders. * Actionable Gamma Zones: * Bullish Scenario: A breakout above $242.77 could trigger gamma-driven buying toward $245.00 and beyond. * Bearish Scenario: A drop below $240.31 may activate put support and lead to further downside toward $237.44. Trade Scenarios 1. Bullish Setup: * Entry: Break and hold above $242.77. * Target: $245.00 and $250.00. * Stop-Loss: Below $241.00. 2. Bearish Setup: * Entry: Break below $240.31. * Target: $237.44 and $235.00. * Stop-Loss: Above $242.00. Important Note AVGO is at a critical juncture. Watch for strong volume to confirm any breakout or breakdown. Adjust your strategies based on market conditions during pre-market and intraday activity. If you need a detailed analysis for AVGO or any other stock, feel free to reach out! Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly. by BullBearInsights3
Broadcom (AVGO) Stock: Triangle Pattern with Potential for New HAVGO stock is currently forming a triangle pattern, and as the final leg approaches completion, there is a strong possibility of a breakout, leading to a potential new high in the near future. Disclaimer: This analysis is for informational purposes only and does not constitute investment advice. Please conduct your own research before making any investment decisions."Longby omossa2
Broadcom Inc. (AVGO): Driving 5G Growth WorldwideBroadcom Inc. (AVGO) is a global leader in semiconductor and infrastructure software solutions, powering everything from smartphones to data centers. The company’s products include chips for wireless communications, broadband, and enterprise storage, as well as software solutions for networking and cybersecurity. Broadcom’s technology is critical for many industries, making it an essential player in the tech world. Broadcom’s growth is driven by demand for its chips in high-tech devices, the rise of 5G, and the expansion of data centers. On the stock chart, AVGO recently showed a confirmation bar with rising volume, pushing the price into the momentum zone. This signals strong investor interest and the potential for continued growth.Longby traderspro_charts1
moves to 250 breaking the previous highOscillators are not ready to reset, not OB or OS, but more neutral. The only chart pattern is the higher lows, but a squeeze is coming in even though the histogram is fizzling out, I am an avid supporter of 246-250 based on indicators. Longby themoneyman801
AVGO: Buy ideaBuy idea on AVGO if only if we have the breakout with force the vwap indicator and the resistance line by a big green candle follow by a large green volume.Longby PAZINI192
AVGO: mid-term trend structure If price is to hold above 209-198 area of support, next resistance zones are: 287-303 and 320-330-360. Macro trend structure also assumes higher targets for the uptrend since 2022 bottom (Monthly): Thank you for your attention! Longby artemfedorov0
Broadcom Inc. (AVGO): Bearish Momentum Near Resistance🔥 Potential Price Targets (Next Month): 🩸 Near-term Goal: $220.00 🩸 Long-term Goal: $215.00 🔥 LucanInvestor’s Strategy: 🩸 Long: Above $231.20, targeting $240.00 and $250.00. Bullish confirmation needed with stronger volume. 🩸 Short: Below $229.31, aiming for $220.00 and $215.00. Weak MACD and declining volume suggest a bearish continuation. 🔥 LucanInvestor’s Commands: 🩸 Resistance: $231.20 – A breakout is unlikely without strong buying pressure. 🩸 Support: $229.31 – A breakdown could confirm further downside toward $220.00. Analysis: Broadcom faces mounting bearish pressure near $231.20. With MACD signaling weakness and volume declining, traders should be cautious of a potential breakdown below $229.31. Watch for downside opportunities if support fails. 👑 "The market rewards clarity, not hesitation." — LucanInvestorby LucanInvestor1
$AVGO downside potential target $220.Multiple time frames it gives me downside vibes. Not sure how quick the move will come or be, I expect $220 then break into the $217 support. Short term puts here. May give it a go Friday / Friday into close. Will keep eyes on the development of time frames Friday. WSLShortby wallstreetloser0013
9/5/24 - $avgo - long print at $1559/5/24 :: VROCKSTAR :: NASDAQ:AVGO long print at $155 - 7/10 idea. so for me that's small position - 30x PE on name that's growing 20's: reasonable - my fourth tier name after NYSE:TSM > NASDAQ:NVDA > NASDAQ:ASML > NASDAQ:AVGO - i literally own NO semi's rn outside of some AMEX:SOXL C's that are more managing exposure, book, length etc, and you'll never catch me writing about. i'm not a tik-sht-er. what you see is what you get. if you're old enough to get it... WYSIWYG culture here :) - if you look at $AVGO/ NASDAQ:SMH you'll see this is a "wanted" name. it's defn an AI play. it doesn't have such a cult following as $NVDA. it's an outperformer tho. - tough tape - per my comment on OTC:GDLC becoming a 50% position today i'm making a risk-on bet into tmr's """job's report""". that being said... - 2.5% fcf gen. great growth. good product. capable mgmt. not cheap. but you get what you pay for. and software is becoming more commoditized by the day. cursor is a-maz-ing. so we'll need to come back to the B2B names with a more critical eye in rest of '24 and 2025. but semi's can't be made in a terminal laboratory and the scale is just that. moat for now. - so i like this one. i'm not necking out. but i'm long. might be calls ;) lmk if you see it differently. i enjoy the comments! VLongby VROCKSTARUpdated 6
AVGO Gann Fan NASDAQ:AVGO Buying at every open on these green candles marked with the "arrows" Led to a nice ride to consistent new highs. Each candle bounces from the trend line as well. Comment what you think about this chart. Comment any tips or suggestions. NASDAQ:AVGO Longby ChartValue0
Avgo .. Broadcom, elevator up, but taking stairs down?A more in depth look at local lines and trends for Maddy50 who asked about 185 potential. Well if everything else is falling and this darling likes to stay up, then taking the elevator down will crack many of those fib channel lines and end you at the triple top, and initial breakthrough line at 185. While I already bought shorts , ticker AVS, on here on the 18th....you are free to do what you want and by your own opinion. But think this through....everything that uses Broadcom isn't selling...put your AI dreams aside and lets check into today reality: Apple isn't selling anything...neither is Samsung. Your laptops are basically dead as colleges are watching enrollment drop and the idea of handheld devices costing less than say 4-500 dollars is starting to become history...why should this stay up. You can cook the books so well that even Enron will ask what lovely scent of money you got brewing...but you do go down by the exponent of the lies you led or on the speculative growth you guided. So basically.. that's just a thought...I don't really care once my shorts are in...reality will tell you when to sell when all is settled. But at a high, you can't find anyone selling and people fabricating every way for you to think the good idea is to buy? Last thing....Lets think... You have to double that (AI)levator to double your money if Broadcom and the apple and NVidias of this world are to net you double the money.... So what is the next best thing that physics hasn't shown is a scam or a few too many mirrors and slight of hand cant fake?? Think about it people. by CYQOTEK0
AVGO Formed a PENNANT Pattern After Strong EarningsAVGO looks like to have been forming a pennant pattern over the last 2 weeks, following the strong earnings report and price blowout. This is a text book example of the pattern, covering the visual figure and volume drying up, potential new breakout and new ATH coming?Longby Lachone1
AVGO ... Broadcom update on levels from 2010-2024Simple and self explanatory view of the speed fan Fib that is both useful for seeing Log and non-Log levels for upside...but way more likely downside.by CYQOTEK220
Broadcom Inc. (AVGO) – Should DUMP SoonHi Traders! 👋 Let’s take a closer look at Broadcom Inc. (NASDAQ: AVGO) on the 15-minute timeframe. The chart showcases a compelling Elliott Wave structure, coupled with key Fibonacci retracement and extension levels to guide potential trade opportunities. Elliott Wave Analysis: - Wave (1)-(5): A completed impulsive structure followed by a corrective ABC wave pattern. - Wave B Resistance Zone: Price is currently consolidating near a significant resistance level, setting up for a potential reversal into wave C. Key Fibonacci Levels: Wave B Resistance: - 1.236–1.618 Extensions: $246.61–$248.46 (key reversal area). - Stop-Loss: Above $246.98 to invalidate the bearish setup. Wave C Target: - 1.0 Extension of Wave A: $234.02 – expected target for the next leg lower. Potential Scenarios: - Bearish Reversal: A rejection at $246.61–$248.46 aligns with the start of wave C, targeting $234.02. - Bullish Invalidation: A sustained break above $248.46 could lead to further bullish momentum. Trade Idea: - Entry: Around $246–$247 after confirmation of rejection. - Stop-Loss: Above $248.46 for risk management. - Take-Profit: $234.02, offering a favorable risk/reward ratio. Market Context: Broadcom’s recent price action reflects heightened volatility, providing opportunities for short-term traders. This setup combines Elliott Wave precision and Fibonacci retracements for structured trade planning. Always trade with a proper risk strategy. 🚀 Let me know if you'd like additional insights or adjustments! Happy trading! 📈Shortby MrStockWhale2
Microsoft’s Next Move: Key Levels to Watch🔥 LucanInvestor’s Commands: 🩸 Resistance: $433.50. A breakout above this level targets $440 and $445, backed by potential recovery in bullish sentiment. 🩸 Support: $430.00. A breakdown exposes $425 and $420, signaling further bearish control. 🔥 LucanInvestor’s Strategy: 🩸 Long: Above $433.50, aiming for $440 and $445. Bulls must show strength with higher volume to sustain the move. 🩸 Short: Below $430.00, targeting $425 and $420. Increased selling pressure will accelerate the decline. 🩸 Microsoft’s MACD remains bearish, with price testing its EMA levels for a potential recovery. Strong buying volume near $433.50 will confirm a bullish breakout, while weakness below $430 will keep bears in control. Current performance (-0.60% for the week) reflects indecision, making these levels critical for the next major move. 👑 "Patience is the weapon of the wise. Precision is their victory." — LucanInvestorby LucanInvestor1
Nvidia or Broadcom? Who will be the winner ? How big is the custom chip market? By 2027, the custom chip market is expected to reach $90 billion. What does this mean for Nvidia? Nvidia vs. Custom Chips In the custom chip (ASIC) sector, two major players, Broadcom ( NASDAQ:AVGO ) and Marvell ( NASDAQ:MRVL ), have overshadowed Nvidia. Since the end of Q2, they have outperformed the tech giant by approximately 30% and 50%, respectively. With tech giants like Amazon ( NASDAQ:AMZN ), Google ( NASDAQ:GOOGL ), and Microsoft ( NASDAQ:MSFT ) developing and accelerating the production of their own chips, the market has finally recognized the huge opportunities in custom chips. How big is the custom chip market? Based on comments from the two leading custom chip players, we estimate that by 2027, the custom chip market will grow to $90 billion, with a compound annual growth rate (CAGR) of over 60%. Earlier this year, Marvell offered a more conservative forecast, predicting that the market will reach $75 billion by 2028, but with early customer growth suggesting further upside potential. Broadcom’s forecast is even more impressive, estimating the market could reach anywhere from $60 billion to $90 billion by 2027. Both companies have strong platforms. Marvell’s biggest customers are Amazon and Microsoft, and after gaining deeper insight into their growth, they suggest Marvell’s market prediction might be conservative. Broadcom’s top clients include Google, Meta, and ByteDance, all of whom plan to shift to clusters of one million XPU units by FY2027. Reports also suggest that Broadcom has secured two additional customers (potentially Apple and OpenAI). What does this mean for Nvidia? Nvidia’s stock price is currently consolidating, and even when using enterprise value (EV)/EBITDA as a metric, its valuation is now below that of Marvell and Broadcom. Source: Bloomberg,Spear Invest Investors now expect Nvidia’s market share to significantly decline by 2027, leading to slower revenue growth. However, the market has underestimated two key factors: The strength of CUDA. The yearly product improvement cycle. I believe CUDA holds a powerful advantage that will reduce the pressure on cloud service providers (CSPs) to promote custom chips at scale. Given that the cloud market accounts for about 50% of the total market, I believe that capturing half of this market between 2027 and 2030 would be a major win for custom chip providers. Currently, the market assumes, based on comments from Broadcom’s CEO, that most CSP revenue will flow to custom chip vendors, but Broadcom’s assumption may be overly optimistic. Furthermore, whether custom chips can keep up with Nvidia’s yearly product launch cycle remains to be seen—Nvidia’s new products consistently show significant performance improvements with each generation. Our best estimate is that Nvidia’s competitors are still on an innovation cycle of about 1 to 2 years behind Nvidia. Source: Bloomberg,Spear Invest Nonetheless, the AI industry chain, especially in the medium to long term, will continue to benefit. For example, AI + Generative Content (AIGC) companies like Adobe ( NASDAQ:ADBE ) and Unity Software ( NYSE:U ), AI + Software companies like Palantir ( NASDAQ:PLTR ), AI + Insurance companies like AIX Inc. ( NASDAQ:AIFU ), and AI + Financial companies like Block ( NYSE:SQ ) will all benefit. Longby xugina782
AVGO Broadcom Options Ahead of EarningsIf you haven`t bought the dip on AVGO: Now analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week, I would consider purchasing the 175usd strike price Calls with an expiration date of 2025-2-21, for a premium of approximately $12.00. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptionsUpdated 2210