AVGO - Continuation of movement within the ascending channel + potential for a breakout to new historical highs. 🔍 Rationale:• After a strong correction in the first quarter of 2025, the price formed a reversal and has been moving in a clear ascending channel since the beginning of May.
• The channel support and resistance are clearly being worked out, the price is steadily bouncing off the lower border.
• Bollinger Bands show a narrowing - momentum is possible.
• Trading volume is stable, there are no signs of a strong sell-off.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.