Since the AI trade took hold of the S&P and NASDAQ the 2 stocks which we poster child in the AI trade were 
NVDA and $AVGO. Out of the 100% of the real AI revenue done by Semis almost 15-20% is attributed to Broadcom $AVGO.
After the last quarter results the stock gapped up more than 20% and reached an ATH of 250 $ from the lows of 170 $. This week the stock almost touched 170 $. The Gap got filled as they usually do. So as usual in the technical patterns world the previous tops become support. The 200 Day SMA is at 178 $. I think between 170 $ and 180 $ is the accumulation zone for $AVGO. Tomorrow, being the earnings date of
AVGO we should watch out for volatility after the earnings. An implied move of +/- 10% in the price of AVGO can happen after the earnings.
All in all, buyAVGO between 170 $ - 180 $.
NVDA and $AVGO. Out of the 100% of the real AI revenue done by Semis almost 15-20% is attributed to Broadcom $AVGO.After the last quarter results the stock gapped up more than 20% and reached an ATH of 250 $ from the lows of 170 $. This week the stock almost touched 170 $. The Gap got filled as they usually do. So as usual in the technical patterns world the previous tops become support. The 200 Day SMA is at 178 $. I think between 170 $ and 180 $ is the accumulation zone for $AVGO. Tomorrow, being the earnings date of
AVGO we should watch out for volatility after the earnings. An implied move of +/- 10% in the price of AVGO can happen after the earnings.All in all, buy
AVGO between 170 $ - 180 $. 
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.
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.