AVGO can go more - $1200 target

Just my view that I've been watching for a while. So far, extensions are being hit... and I think $1200 is likely.

Note

There's a lot going on in this SMH chart, but see the pattern I'm watching here. AVGO is a big part of this. I expect SMH to trade sideways/slightly down until we hit the other side of the ascending wedge, and then it is back up. AVGO should be part of that move.

Note

See the big picture on SMH. I expect us to get to the $191 fib extension, which is also the top of this huge channel, very soon.

Note

We are getting very close to the $1,200 target.

Note

Target hit, as predicted Dec 15. Trade closed.

novamatic

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novamatic