AVGO support and resistance
Updated
Here's a 4hr chart of AVGO support and resistance levels. I'm posting this as a short only because AVGO is at the top of it's resistance level. However, I will not be shorting it immediately. I will be watching AVGO price action for the right timing.
Broadcom AVGO announced Q2 Fiscal Year 2024 Financial Results. Raised guidance for fiscal year 2024 consolidated revenue to 51 billion and adjusted EBITDA to 61%. 10-for-1 forward stock split of Broadcom's common stockholders of record after the close of market on July 11, 2024 will receive an additional nine shares of common stock after the close of market on July 12th, with trading on a split-adjusted basis expected to commence at market open on July 15, 2024.
Q2 2024 results:
EPS = 10.96 beat 1.08%
Revenue = 12.49 B beat 3.96%
Broadcom AVGO announced Q2 Fiscal Year 2024 Financial Results. Raised guidance for fiscal year 2024 consolidated revenue to 51 billion and adjusted EBITDA to 61%. 10-for-1 forward stock split of Broadcom's common stockholders of record after the close of market on July 11, 2024 will receive an additional nine shares of common stock after the close of market on July 12th, with trading on a split-adjusted basis expected to commence at market open on July 15, 2024.
Q2 2024 results:
EPS = 10.96 beat 1.08%
Revenue = 12.49 B beat 3.96%
Note
Note
Trade idea:short = 1900
stop = 1950
profit = 1700
Note
Trade closed: target reached
close AVGO short at 1620
Trading indicators:
tradingview.com/u/Options360/
tradingview.com/u/Options360/
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