AVGO breaking out
Avgo broke out of the decreasing trend line.
MACD just had a bullish crossover and is rising, RSI is rising and has lots of room before becoming overbought.
Friday's close had price over all the moving averages.All the Moving averages are rising which is again bullish.
Bollinger bands are opening up which bodes well for higher prices. All in all chart looking really bullish with a pause or consolidation to move back up again. Stop loss can be 126.50 where it will move back in the triangle and negate the breakout. Resistance at 134 above it can see prices greater than 140.
MACD just had a bullish crossover and is rising, RSI is rising and has lots of room before becoming overbought.
Friday's close had price over all the moving averages.All the Moving averages are rising which is again bullish.
Bollinger bands are opening up which bodes well for higher prices. All in all chart looking really bullish with a pause or consolidation to move back up again. Stop loss can be 126.50 where it will move back in the triangle and negate the breakout. Resistance at 134 above it can see prices greater than 140.
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