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AVGO

AVGO, Split coming? On it's way to 1550?The chart for Broadcom Inc. (AVGO) on the NASDAQ shows a bullish breakout from a falling wedge pattern, indicating a potential upward price movement. After the breakout, the price has consolidated around the $1,406.64 level, suggesting a healthy pause before the next move. The RSI at 57.48 indicates neutral to slightly bullish momentum, and increased volume during the breakout adds credibility to this move. The projected path suggests the price will consolidate around $1,407.78 before breaking out to $1,419.17 and potentially reaching $1,438.35 and $1,445.40. Considering these factors, entering a long position if the price breaks above $1,419.17 with strong volume could be beneficial, with a stop loss below $1,391.91 to manage risk and targets at $1,438.35 and $1,445.40. This could easily tun to 1550 with a 10% implied move on earnings. Disclaimer: This analysis is for educational purposes only and should not be considered financial advice. Always conduct your own research and consult a financial advisor before making any trading decisions.
NASDAQ:AVGO
by MysticMads
Broadcom's Robust Earnings, Strategic Stock Split, and AI-DrivenBroadcom Inc. has showcased strong financial performance and strategic advancements in its latest quarterly report. The company exceeded analysts’ expectations with adjusted earnings per share (EPS) of $10.96 and revenue of $12.49 billion for the second fiscal quarter. This impressive outcome led to a 10% increase in after-hours trading. In addition, Broadcom announced a 10-for-1 stock split effective July 15, aimed at increasing share accessibility for retail investors. AI technology remains a significant growth driver for Broadcom. The company reported $3.1 billion in AI-related revenue for the quarter and increased its AI revenue forecast for 2024 to $11 billion. Broadcom’s diversified AI operations and partnerships with tech giants like Google position it well for future growth. The 5G market also presents substantial opportunities for Broadcom. The company generated $5.9 billion in 5G revenue in 2023 and expects continued growth as the global market expands. Despite facing challenges such as competition from Qualcomm and geopolitical tensions, Broadcom’s strategic acquisitions and strong market presence support its positive outlook.
NASDAQ:AVGOLong
by signalmastermind
Broadcom (AVGO): Set for a New High or Due for a Pullback?Since the COVID-19 low in March 2020 at $155, Broadcom has seen an incredible surge, similar to Nvidia's performance. The stock has skyrocketed by an astounding 840% since that low. This massive run-up makes the analysis challenging, but we've identified the Wave (1) and Wave (2) structures of this upward movement. The internal wave structure is not clear, making it difficult to analyze further. Broadcom has had only one sideways range between $780 and $922. Otherwise, the stock has been moving parabolically upwards. A significant trendline, initially touched at Wave (1), has been broken five or six times, with the seventh touch holding as support. Given the upcoming earnings report, we believe Broadcom could rise to the $1,600 to $1,800 range, with a maximum potential target of $2,300 or higher. Realistically and statistically, we anticipate a pullback for Wave (3) between the 227.2% and 261.8% levels. However, it's also possible that Broadcom continues its upward trajectory without interruption, similar to Nvidia. Today's earnings report will be crucial in determining the next move for Broadcom. We will be watching closely to see if the stock continues its parabolic rise or if we get the pullback.
NASDAQ:AVGOLong
by freeguy_by_wmc
BROADCOM accumulating. Last opportunity to buy on this pull-backBroadcom Inc. (AVGO) has been trading within a long-term Channel Up since the October 13 2022 market bottom. The stock is now within the new Accumulation Phase that is being supported by the 1D MA100 (green trend-line). Based on the previous Accumulation Phase, we should get one (or two max) more pull-back towards the 1D MA100, before the price breaks upwards aggressively towards the Channel's top (Higher Highs trend-line). Last time the ultimate buy signal was when the 1D RSI made a Double Bottom. Our Target is $1800, which will be on the 3.0 Fibonacci extension, similar to the December 15 2023 High. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AVGOLong
by TradingShot
AVGO dips for a buy now $50 under ATH LONGAVGO is asking to be chased. On the daily chart, the price is now $50 below the ATH of the top of of the month. RSI on the lower TF green line has pulled back to 72 from 85. The longer TF black line is admittedly in overbought territory. The longterm growth expectations of the AI stock defy ordinary technical analysis, AVGO is 3-4% below the ATH. I see this as an opportunity to diversify in AI stocks by getting a small position in BroadCom to supplement NVDA, MU and INTC. I am looking at TXN as it has a lower price tag and is about 10% below ATH. ( The growth prospects need a look to see if they are there.) I expect AVGO to compete well in the space and can see that it is making agreements with some other companies well situated in AI .
NASDAQ:AVGOLong
by AwesomeAvani
AVGO Broadcom Options Ahead of EarningsAfter the Head and Shoulders chart pattern was perfectly completed: and the bullish trend started: Now analyzing the options chain and the chart patterns of AVGO Broadcom prior to the earnings report this week, I would consider purchasing the 1380usd strike price Calls with an expiration date of 2024-6-21, for a premium of approximately $129.85. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:AVGOShort
by TopgOptions
1
MRVL has a melt-down trader reaction to mediocre earnings LONGMRVL on the 2H chart had been in a trend up since February 29th when it broke out of the high volume area of the profile in a pre-earnings run . Earnings were reported and MRVL more or less matched the analyst's forecasts. Price sold-off in the aftermath of trader disappointment. I held a large position of both shares and options but sold off half of the positions two days ago to capture some profits. I see MRVL as still above VWAP and so in buying territory and now at a price level supported by the first upper anchored VWAP line as well as the upper boundary of the high volume area. It is a strong stock which I do not believe will make a full Fibonacci retracement. I will now add back into my position half of what I sold a few days ago. and expect a bullish continuation. On a lower time frame, I have guidance from the inside bars that price is printing in the after hours. When regular trading arrives on Friday, I will buy call options for mid-April striking $85 (OTM).
NASDAQ:MRVLLong
by AwesomeAvani
Broadcom Revenue Beats Estimates As AI Powers DemandTech giant Broadcom ( NASDAQ:AVGO ) surpasses market expectations for first-quarter revenue fueled by heightened demand for advanced networking chips powering artificial intelligence (AI) applications. However, shares dip post-announcement amidst mixed investor sentiments. Key Highlights: Broadcom's robust performance in the first quarter underscores the pivotal role of AI in driving demand for cutting-edge networking solutions, particularly within cloud infrastructure. While smaller rival Marvell Technology faces challenges with weak demand for custom AI chips, Broadcom ( NASDAQ:AVGO ) stands resilient with its diversified portfolio and strategic positioning in the AI computing landscape. Despite maintaining a conservative annual revenue forecast, Broadcom's continued growth trajectory and expansion into software and tech firms affirm its status as a key player in the evolving tech ecosystem. Market Dynamics: The surge in demand for infrastructure upgrades, driven by the proliferation of generative AI applications, propels Broadcom's semiconductor solutions segment, albeit falling slightly short of revenue estimates. Infrastructure software revenue experiences a significant uptick, surpassing expectations and contributing to Broadcom's overall revenue growth. Future Outlook: Broadcom's entrenched position in AI-driven data center infrastructure positions it as a prime beneficiary of the ongoing AI revolution. Continued investments in software and tech acquisitions, coupled with sustained innovation in networking solutions, are poised to drive Broadcom's future growth and market relevance. Conclusion: Broadcom's ( NASDAQ:AVGO ) resilience in navigating market challenges while capitalizing on emerging opportunities reaffirms its status as a leading player in the tech industry. As AI continues to reshape the technological landscape, Broadcom's ( NASDAQ:AVGO ) expertise in providing essential networking solutions places it at the forefront of innovation and growth.
NASDAQ:AVGOLong
by DEXWireNews
AVGO Chipmaker in an ascending channel SHORTOn a 30-minute chart, like several other computer chip manufactures has approached or reached a near-term top. Overall Broadcom has gained 19% YTD. Earnings are in about two weeks. I see this as a short trade to follow AVGO from the top of the channel down to about 1225 in time to catch earnings at the bottom of the channel to end the swing trade and instead go long from there. I intend to close the trade two days before earnings and flip sides hunting the beat on the earnings.
NASDAQ:AVGOShort
by AwesomeAvani
TESLA & SMCI: the tail of Semis vs EV stocks.Tesla has had a beautiful bounce off support. This bounce comes on the back of a strong market, charging higher. If Tesla can hold above $195 it may move for the gap fill. Caution to the wind with Tesla as it has triggered a very bearish breakdown. SMCI is one of the best performing Semis. Its gone completely parabolic on its earnings. after gapping up 30% on its pre guide, its now up another 10% in the afterhours. The semis seem to have an unlimited amount of capital flowing into them. Look for an intra day short opportunity (day trade) on SMCI
NASDAQ:TSLA
by Trading-Capital
AVGO: Eyeing an aggressive bullish breakout. Broadcom Inc is overbought on the 1D technical outlook (RSI = 75.003, MACD = 23.960, ADX = 31.411) but on the long term it is only testing the middle of the 1 year Channel Up pattern. This recent rally was initiated after the 1D MA50 held on December 6th. If the middle of the Channel Up breaks, we will go long and target the top (TP = 1,300) as it could be a bullish breakout as aggressive as May 26th. If it doesn't break, we will wait for another pullback to the 1D MA50 and then buy towards the middle again (TP = 1,100). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AVGOLong
by InvestingScope
Broadcom Ltd (NASDAQ: $AVGO) Growth MomentumPrice Momentum AVGO is trading near the top of its 52-week range and above its 200-day simple moving average. The 50-day Moving Average is above the 200-day moving average meaning NASDAQ:AVGO may continue its Bullish Trend. NASDAQ:AVGO 's 50-day moving Average crosses the 100-day Moving Average indicating a partial "Golden Cross". Investors have been pushing the share price higher, NASDAQ:AVGO still appears to have upward momentum. This is a positive sign for $AVGO.
NASDAQ:AVGOLong
by DEXWireNews
Broadcom Closes $69 Billion VMware Deal After China ApprovalBroadcom (AVGO.O) closed its $69 billion acquisition of cloud-computing firm VMware (VMW.N) after receiving regulatory approval in last major market China and ending a months-long saga. The deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan's efforts to boost the chipmaker's software business. However, the transaction faced tough regulatory scrutiny across the world and the companies had delayed the closing date three times. China's regulatory approval came through on Tuesday after ongoing tensions with the U.S. around tougher chip export control measures had stoked fears among some investors on the company's ability to close the deal before the Nov. 26 deadline. "The improved mood music after the meeting between China's President Xi Jinping and U.S. President Joe Biden earlier this month helped to settle remaining nerves," Danni Hewson, head of financial analysis at AJ Bell, said on Tuesday, after the companies said they planned to close the transaction on Nov. 22. The European Commission had approved the acquisition after Broadcom offered remedies to help rival Marvell Technology (MRVL.O) while the UK's Competition and Markets Authority (CMA) gave its green light following an in-depth investigation. Big Tech mergers such as Microsoft's (MSFT.O) now-closed $69 billion purchase of the "Call of Duty" publisher Activision have faced heightened regulatory pressure from the U.S. Federal Trade Commission under its Chair Lina Khan. Price Momentum AVGO is trading near the top of its 52-week range and above its 200-day simple moving average. What does this mean? Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
NASDAQ:AVGO
by DEXWireNews
$AVGO Broadcom Inc. Bull FlagA pull back to the orange line will be my buying opportunity, break below and confirm stop out. The mention of a "Bull Flag breakout" in relation to NASDAQ:AVGO (Broadcom Inc.) suggests a specific pattern in technical analysis that indicates potential bullish momentum. Here's a breakdown of what this means: 1. **Bull Flag Pattern**: This is a continuation pattern that occurs after a strong price movement upwards, followed by a consolidation phase that forms the 'flag.' The flag is typically a slight downward or horizontal sloping rectangle formed by parallel trendlines against the preceding uptrend. This pattern is considered bullish because it often signals that the stock is gathering strength before a further upward move. 2. **Breakout**: A breakout in this context means that the stock price has moved above the upper boundary of the flag pattern. This is usually accompanied by an increase in volume and is seen as a confirmation that the stock is resuming its prior uptrend. 3. **Implications for NASDAQ:AVGO **: For Broadcom Inc., the observation of a Bull Flag breakout implies that the stock might be entering a phase of continued upward price movement. Investors and traders often interpret this as a buying opportunity, anticipating further price increases. 4. **Technical Analysis Considerations**: When analyzing a Bull Flag breakout, it's important to consider the volume during the breakout (higher volume provides stronger confirmation), the height of the mast (the initial price surge before the flag formation), and whether other technical indicators support the bullish sentiment. 5. **Risk Management**: While Bull Flag breakouts can be powerful signals, they are not infallible. It’s crucial to incorporate risk management strategies, such as setting stop-loss orders, to protect against the possibility that the breakout does not lead to the expected upward trend. 6. **Fundamental Factors**: Beyond technical analysis, it's also essential to consider Broadcom's fundamental factors, such as its financial health, industry trends, and overall market conditions, as these can impact the stock's performance irrespective of technical patterns. Remember, technical analysis like the Bull Flag pattern is just one tool in a broader investment strategy. It's always recommended to consider a range of factors and perform comprehensive analysis before making investment decisions.
NASDAQ:AVGO
by AlgoTradeAlert
BROADCOM Straightforward plan with an eye on the break out.AVGO is testing the Resistance (1) level (925) of the 4 month Rectangle pattern. This is a short term sell signal unless it crosses upwards. The Rising Support trend line has been holding the long term bullish trend intact for 1 year exactly (October 13th 2022). Trading Plan: 1. Sell as long as the candles close under Resistance (1). 2. Buy if one closes over it. Targets: 1. 840 (Rising Support). 2. 1077 (Fibonacci 2.0 extension). Tips: 1. The RSI (1d) crossed above its Rising Resistance. Potential signal, in combination with holding the Rising Support, that a long term break out is ahead. Please like, follow and comment!!
NASDAQ:AVGO
by TradingBrokersView
AVGO and SOXS Preparing to Move BigSOXS the 3x Inverse ETF for Semiconductors, has broken out of a Bullish Head and Shoulders and now sits at the 89EMA. If things go as expected, SOXS should be clear to at least give us a 60-150% rally. At the same time, we also have a Bearish AB=CD on AVGO and what looks to simply be filling of a gap it made at $830 after breaking below its own slanted Bearish Head and Shoulders neckline as seen here: If things go as I expect them to, we will see AVGO open the week to aggressive downside with minimum overall targets as deep as 50% below current prices.
NASDAQ:AVGOShort
by RizeSenpai
4