$AVGO PRE-EARNINGS DIP BUY Broadcom ( NASDAQ:AVGO ) has an upcoming earnings report scheduled for Dec.5
This also happens to be a stock that investment power house Nancy Pelosi is currently holding a position in and with the rise of similar stock $NVDIA earlier today, I suspect NASDAQ:AVGO to have enough catalyst fuel to power this Daily time frame dip buy opportunity off of the 22EMA. I plan on entering this position tomorrow IF NASDAQ:AVGO goes green on the daily time frame AFTER a bearish start to the morning to take out any left over liquidity (previous-day lows, post-market lows, pre-market lows) and I plan to hold this buy position anywhere between 1-4 weeks depending on how the daily time frame CLOSES along the way... No Price targets.
Avgo_watch
AVGO-CALLS for the week. AVGO at a DAILY key level with the 4h showing signs of a potential bullish reversal to continue to the upside. Gonna be a great swing or day trade opportunity to catch if she can continue to show bullish price action on the 4h. Will be looking to buy at intraday Bull Breakouts throughout the week as long as the 4h Can continue to show healthy price action. NASDAQ:AVGO
AVGO - bearish move short-termAVGO has been in a short-term uptrend. However it looks that the price is approaching the key resistance. We expect that the stock price may decrease in the coming period.
Therefore, we recommend taking a short position when and only if the price breaks the upsloping trendline that has been acting as a support. Once the price breaks this support , we can enter a short position, however it’s also possible to enter short when the price bounce back up and retests the trendline, get rejected and confirm it as a resistance.
When we look at the RSI, we see that there is a regular bearish divergence. That divergence shows the buyers exhaustion therefore there is a high probability that the price of the AVGO will go down in the next few days. We recommend closing to the short at 0.618 Fibonacci point. Target is shown on the chart.
AVGO exposure to ChinaThe U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
35% of AVGO Broadcom revenue comes from China.
My price targets from AVGO are $460 and $422.
Looking forward to read your opinion about this.
AVGO stock price trend prediction by supply-demand strength.28-Jun NASDAQ:AVGO
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: In the midst of an upward trend of strong upward momentum price flow marked by the temporary falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 4.0% (HIGH) ~ 0.4% (LOW), 2.1% (CLOSE)
%AVG in case of rising: 2.1% (HIGH) ~ -0.5% (LOW), 1.5% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -1.7% (LOW), -0.8% (CLOSE)