AVGO
AVGO - STOCKS - 12. APR. 2021Welcome to our weekly trade setup ( AVGO )!
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4 HOUR
Overall bullish market scenario.
DAILY
Closure and break above previous resistance.
WEEKLY
Expecting more upside price action.
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STOCKS SETUP
BUY AVGO
ENTRY LEVEL @ 480.00
SL @ 450.24
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
AVGO (NASDAQ) - Prepare buy if break upGreetings
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Strategy
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AVGO (NASDAQ) - Prepare buy if break up
$AVGO finds a FORK on the FIBO roadBroadcom comes to an interesting fork on the road.
Friday, like many semi's, was breaking down from it's upward trend.
I'd like to see it bounce off of FIBO retracement and continue going up. Buy signal with 8 confirmations should pop up.
If it breaks support, I see it going all the way down to 420--hopefully I'm so wrong!
The good news is that POC is around the 418-422 range, so it'll take some major new event to break further down.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
AVGO - Broadcom Inc. buy support zonesHello traders,
Description of the analysis:
Broadcom Inc. ( AVGO ) support zones where it makes sense to time long positions. A possible correction could provide a shopping opportunity in interesting volume zones. It is definitely worth following further developments. The thickness of the support zone reflects the importance of this zone. Red lines are fair prices by volume .
About me:
Hi, my name is Jacob Kovarik and I´m trading on stock exchange since 2008. I started with a capital of 3000 USD. My first strategy was based on OTM options. (American stock index and their ETF ). I´ve learnt on my path that professional trading is based on two main fundaments which have to complement each other, to make a bussiness attitude profitable. I´ve tried a lot of techniques and many manners how to analyze the market. From basic technical analysis to fundamental analysis of single title. My analytics gradually changed into professional attitude. I work with logical advantages of stock exchange (return of value back to average, volume , expected volatility , advantage of high stop-loss, the breakdown of time in options, statistics and cosistent thorough control of risk). At the moment, my main target is ITM on SPM index. Biggest part of my current bussiness activity comes from e mini futures (NQ, ES). I´m trader of positions. I´m from Czech republic and I take care of a private fund (over $4.000.000 USD). During my career I´ve earned a lot of valuable experience, such as functionality of strategies and what is more important, control of emotions. Professional trading is, in my opinion, certain kind of mental training and if we are able to control our emotions, accomplishment will show up. I will share with you my analysis and trades on my profile. I wish to all of you successul trades.
Jacob
Broadcom Should Break Out SoonNASDAQ:AVGO is repeating the same pattern from 2 months ago before it broke out. Look for entries near trend line supports or on a break out. Support and resistance levels are clearly marked via the trend lines. Also, when the ADX crosses bullish it will be an extra long indicator.
AVGO Long set upGood company with over 3.5% dividend. Growth stock. Retesting the breakout are. I think it's a good buy there. I will watch to add some there for a long term growth and earn yield. This is not a recommendation to buy or sell any financial asset. These posts are for educational purposes only. Please do your own homework before purchasing any assets.
Broadcom - AVGO Technical AnalysisThe market is Bullish.
The idea is to go long following the major trend and hope that the Earning report due on Thursday will bring positive news.
Fundamental Analysis:
The company will report its fiscal Q2 2020 earnings after the market closes on Thursday. Analysts are expecting $5.14 a share profit with the projected sales of $5.69 billion.
AVGO Long IdeaTechnological stock NASDAQ:AVGO goes down and this is opportunity for LONG position.
The analysis based on Bollinger Bands (21,2) and RSI (30,70). We can see at 258$ the BB breakout when the RSI indicate to wait for more drop down.
Together with support trend line it's yield a strong buy at 254$.
Two scenarios are possible, the stock still goes down below 254$ , then RSI ALGO (8,65,35) will indicate the time to buy, otherwise the stock will start go up immediately to 278.02$ . This idea should not be considered a buy or sell recommendation.
AVGO - WEEK CHART Hi, today we are going to talk about Broadcom and its current landscape.
Broadcom is poised to receive increasing attention from the market as relevant events are taking place. The company's exposure to the 5G and progress on the sector raises Broadcom's potential valuation, despite the company has unveiled a timid forecast for 2020.
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AVGO - DAILY CHARTHi, today we are going to talk about the Broadcom Inc and its current landscape.
Huawei and its suppliers received exciting news, as the U.S. Commerce Department renewed a 90-day period extension, that grants to American companies’ permission to continue to do business with the giant Chinese telecom companies. Commerce Secretary Wilbur Ross's announcement included that the need for extension was also due to the necessity of some rural communities of the Huawei 3G and 4G networks. The extension should keep the supplying chain going, principally of the Americans ones like Broadcom Inc that have its revenues highly exposed to Huawei demand (6% of its revenue, represent by ¥2.09 billons) and have now another quarter of relief from the tension of loose a so significant company like Huawei. The concerning aspect it’s if this extension doesn't lift the results of its supplier on the next quarter, considering that the Chinese company might already be restructuring its supply chain, as the uncertainty created by the ongoing Trade War that ended blacklisting the company on the U.S. The Huawei CEO Ren Zhengfei also already have been clearly vocal that isn't concerned with the U.S decisions and said that Huawei could grow without the U.S markets.
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Cybersecurity ETF - Huge volume spike Technical Analysis:
CIBR had a volume spike of 850,000+; which is 80% higher than usual, yesterday November 12th 2019.
The 50sma (yellow line) is bouncing back, trying to cross the 200sma (red line), and after it must cross 100sma (blue line) for it to continue being bullish.
10sma is short-term support - $29.3
All time highs is short-term resistance - $30.7
CIBR top holdings:
VMW - 6.64%
PANW - 6.63%
AVGO - 6.15%
CSCO - 6.03%
OKTA - 5.12%
FEYE - 3.50%
FFIV - 3.32%
SPLK - 3.18%
JNPR - 3.18%
AVGO - DAILY CHART Hi, today we are going to talk about AVGO
We observe a D1, some important points. The details are highlighted above.
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Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
Meeting with tech executives on Huawei ban at White House - NewsReported by Reuters
White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd , two sources briefed on the meeting said on Friday (July 20th).
Treasury Secretary Steven Mnuchin will also attend the White House event, to which chipmakers Intel Corp and Qualcomm Inc have been invited, the people said.
The subject of Huawei was expected "to come up but that it is not the reason why they are convening the meeting," said the official, who spoke on condition of anonymity.
The future of U.S. companies' ties to Huawei, the world's no. 1 maker of telecommunications equipment, remains uncertain after the Trump administration put the company on a blacklist in May, citing national security concerns.
One of the people briefed on Monday's meeting said Broadcom Inc was also invited to the White House event. Microsoft Corp was also expected to receive an invitation, the person said.
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*We could possibly see some volatility this week with this meeting.