BROADCOM INC DAILY ANALYSISHi friends
The daily chart of this market shows with a high probability that it will experience a bullish trend but at the same time we must be vigilant of the change of the direction of the market.
AVGO trade ideas
$AVGO Broadcom Running hard into earnings
The SMH could get a nice pump or a dump this evening as AVGO reports results.
Has historically been a very difficult stock to gauge going into earnings as they often low-ball and undersell performance.
Will await for the report and wait for a possible move to ATH
AVGO 06/05 $290c 1. Earnings positive 06/04 - tech sector resilient, AVGO part of key industries + Morningstar Fair Value 310.
2. Upward Channel from 05/02, higher lows resiliant
3. MACD Flip 05/20 coming into earnings.
4. +DMI divergence, Positive ADX trend starting 05/20
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 $5.69 billion.
BUY of BROADCOM 15 MnHey traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. BROADCOM is in a very important moment, it is plausible to see a pull back but that will not really change its rise.
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AVGO Long IdeaTechnological stock NASDAQ:AVGO goes down and this is opportunity for LONG position.
The analysis based on Bollinger Bands (21,2) and RSI (30,70). We can see at 258$ 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 Elliot Wave TheoryAVGO. I am bearish on AVGO. To confirm it, it needs to stay below the red trendline (resistance) and breaking down below the green trendline (support), targets are 210, 202. If the red trendline is broken out, bear play is invalidated.
AVGO Short term analysisAVGO, solid company, great future outlook. Look for a break through resistance at $243.94 before you jump in on this stock. It has been rejected twice so far in the last month at $243.94. Tons of room to grow when it breaks through, next stop is at $263.17 (7.88% increase)
White Lines indicate resistance levels
Broadcom inc on watch for post earnings move. $acgo
RSI reversing from oversold
Strong bounce from Fibonacci support
3 weeks ago this was a long into earnings but in the current market, risk is just to high.
Wait for report and see if major resistance holds
Inside day and dojiRight above 100sma on daily, this can be good for a scalp up to the 20sma if it breaks out. Inside doji can be continuation or reversal so just follow it.
LONG BULLISH Daily and weekly charts looking pretty bullish. Using modified pitchfork from highs and lows you can predict the reversal candle. Take a look, I started with candle 1,2,3 and you can see centerline crosses candle 4 which is the reversal candle. Continuing with 2,3,4 you'll see the centerline hits reversal candle 6. Now 4,5,6 combined (pitchfork&modified schiff) centerline crosses the price rejection $331.20ish (rejected twice) with the support of recent agreements with Apple, I suspect this will go over $326 this week and will finally break the resistance prior pullbacks.
AVGO looking for another leg up!This market is taking in all the cash it can get! AVGO looking like it wants to try to get a piece of the action.
Broadcom Breakout AlertPossible breakout opportunity in AVGO.
2 Trade options, (1) trade to resistance & (2) trade the actual breakout.
P/e ratio 47
Average Recommendation: Overweight Average Target Price:$355
20 BUY
02 OVERWEIGHT
12 HOLD
00 SELL
Company profile
Broadcom, Inc. is a global technology company, which designs, develops and supplies semiconductor and infrastructure software solutions. It operates through the following segments: Semiconductor Solutions, Infrastructure Software and IP licensing. The Semiconductor Solutions segment manages movement of data in data center, telecom, enterprise and embedded networking applications. The Infrastructure Software segment provides a portfolio of mainframe, enterprise and storage area networking solutions. The IP licensing segment licenses a portion of its broad IP portfolio. The company was founded in 1961 and is headquartered in San Jose, CA.
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AVGO - Going UpAfter earnings last week stock opened strong today' climbing above 320$ resistance on high volume
last few months price consolidated nicely and looks like now its time to move higher
Possible reversal at gap fill4hr chart shows doji at gap fill and trend support, calls over 316.83, puts under 315.22
AVGO Short Term Set UpAVGO testing EMA5 level @ 5yr period chart.... R1 @ 315, R2 @ 312, R3 @ 306. Target level of 332 frm current 320 level.
