Broadcom Inc is About to Dive. AVGOA very similar picture to Pfeizer from earlier today. Divergent end of a five Wave move and we won't reiterate further than this.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
AVGO trade ideas
AVGO | Bearish trend started. Go Short!When it comes to AVGO , the price is likely to fall because of the weak support areas. Also the price has broken the parallel channel; that means the price’ll fall until it find a support area.So your first target would be the S1; where price got rejected because of the huge demand.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Downswing expected in AVGO, watch out!Hey everyone! Hope you had a wonderful christmas and wishing you all the best for 2022. Today I also wanted to take a look at AVGO. I’ll keep this one short for you. Personally I would hold off on investing in AVGO since the chart looks quite risky right now. As you can see the price is trading far from its downtrend line and getting close to the upper resistance level of the uptrend channel (although this uptrend line has only been touched once so the uptrend line has not been strongly confirmed). Furthermore RSI is also giving overbought signals, with weekly RSI going as high as 80. A short-term downswing can be expected to take place pretty soon. If you made it this far I’d like to sincerely thank you for reading this and hope you have a wonderful day. Any feedback (whether positive or negative) or likes are of course really appreciated. Have a good one ✌️!
AVGO Personal Analysis AVGO has made some interesting movements.
Graph: Price has expericned a steady incline rally since passing the $510 price level. It is now trading at $574.66, after achieving its all time high of $576.73
Trends:
- Emergence of an Ascending Channel beginning on November 3rd.
- Three touches on the lower channel solidifies the validity of the channel. Two touches on the upper channel - 2nd touch currently occuring (highlighted in green circles).
MACD and RSI 1Day Timeframe:
- MACD 1D: Poised for a bearish crossover after a successful bullish movement.
- RSI 1D: Overbought - but this stock does not seem to be very responsive to RSI, and therefore will not serve as much of a significant influence.
This is not trading advice or recommendation. For viewing purpose only
Always do your own Due Diligence
$AVGO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AVGO after a Positive Under reaction following its earnings release placing the stock in drift A with an expected accuracy of 85.71%.
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#AVGO - PUT Opportunity#AVGO is at all time highs recently gapping up however if you pulled the FLOW on Unusual Whales yesterday the 13th you quickly saw that the FLOW was 73% bearish with extremely large PUTS and Sold Calls being placed against AVGO for this friday's experation played the $600 PUT and already mid way through the day am up 170%
12/5/21 AVGOBroadcom Inc. ( NASDAQ:AVGO )
Sector: Electronic Technology (Semiconductors)
Current Price: $558.12
Breakout price: $567.50
Buy Zone (Top/Bottom Range): $555.60-$544.00
Price Target: $614.00-$622.00
Estimated Duration to Target: 55-60d
Contract of Interest: $AVGO 1/21/22 560c
Trade price as of publish date: $22.25/contract
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.
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.
$AVGO Broadcom Breakout Pt's
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
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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.
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9/19/21 AVGOBroadcom, Inc. (AVGO)
Sector: Electronic Technology (Semiconductors)
Current Price: $506.00
Breakout price trigger: $488.40 (hold above)
Buy Zone (Top/Bottom Range): $501.70-$488.40
Price Target: $538.00-$541.80
Estimated Duration to Target: 55-70d
Contract of Interest: $AVGO 11/19/21 520c, $AVGO 11/19/21 540c
Trade price as of publish date: $11.90/cnt, $5.90/cnt
$AVGO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AVGO after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 84.62%.
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.