AVGO trade ideas
Short AVGO at its rally because it is well overbought.Short AVGO at its rally because it is well overbought and will be pulled back next week.
AVGO- Short for $162.73 to $133.13 & $170 April putsDate First Found - November 15, 2016
Pattern/Why- breakdown of trend line and up channel
Entry Target Criteria- break below $162.73
Exit Target Criteria- $133.13
Stop Loss Criteria- $170.13
Indicator Notes- huge drop in Twiggs Money Flow
Special Note- we would consider $170 April puts
Next Earnings Release Date- December 8, 2016
$AVGO InterestingTesting an interesting Support line in a few ticks.. Acording to the long term tendency it may bounce back up.
AVGO- Buy 130 & 135 put option We are looking to short AVGO as it is Breaking down of a broad rising wedge along with insider selling.
for best entry we like to see AVGO to rise a bit to the resistance.
for trading we consider Aug16- 130 put (2) & shorter term Jul16- 135 put ($1.7)
short term bearish. long term bullat this rate gap fill is not out of the question. $150 might be a possibility.
AVGOThis is setting up for the Gap and go strategy. Watch for entry on a break of todays high or a retrace and bounce with stop in gap.
