AVGO Cup and Handle forming?
Looks like a cup and handle pattern is forming nicely on the hourly chart ahead of the Broadcom stock split.
I can’t help but feel like we’re getting close to a top within the tech sector, but the momentum is still there driving this stock higher, and NVDA has shown us that a 30% boost post-split is very possible.
I can’t help but feel like we’re getting close to a top within the tech sector, but the momentum is still there driving this stock higher, and NVDA has shown us that a 30% boost post-split is very possible.
Note
For anyone following along, I put another post together about this with a better chart. I'm posting updates there instead.I tried to post the link here, but TV is not allowing the post to publish for some reason. If you search my posts, you'll find it labeled "Cup and Handle Pattern Nearly Complete"
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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.