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AVGO trade ideas

AVGO Bullish and bearish at the same timeAVGO had an amazing Gap up opening due to fantabulous earnings and guidance related to AI . Looking at historic trend AVGO always fill the gap up openings by bearish moment At this point in time AVGO is in bear trend and looking to fill the gap but we can give AVGO benefit of doubt and it seems like 212 is a very strong support as well Entry advice Buy at 212 or 212 when it bounces off that support Second entry can be at 185 as that is a very strong support and will bounce off from that support level Stop loss 155
NASDAQ:AVGOLong
by vortexTradingSolutions
AVGO LT: BULL / ST: BEAR UNTIL NEXT EARNINGS!!After taking a look into AVGO, I decided to take profit on a CALL Option that was placed last month. I was alerted by this double top / triple top chart pattern which led to the take profit decision. I've placed notes on this chart as you can see. ALL TIME HIGH (ATH) : 252 After reaching ATH, Broadcom has tried to rest the resistance and has rejected 2 to 3 times over the course of a month. With this 3rd retest and rejection. It is a clear indication of a pullback towards the 200-220 area. I will continue to monitor day to day for any changes in my analysis. For my scalpers: If you want, you can execute a PUT option with take profit around 220 area. STOP LOSS: 242 I on the other hand will wait until pull back is drawn then execute another CALL Option. I am very bullish on AVGO, and I see great potential for this company to flourish in the upcoming years. Feel free to leave any comments on this take about Broadcom.
NASDAQ:AVGO
by ajacks92
AVGO at Resistance! Will It Break Higher? Jan 22Technical Analysis for Trading * Trend Overview: AVGO is consolidating near $242.42, testing a key resistance zone. The price has formed higher lows, supported by a rising trendline, signaling bullish strength. However, a breakout above $242.77 is needed to confirm further upside. * Key Levels: * Resistance: $242.77 and $245.00 are critical levels to watch for a breakout. * Support: $240.31 and $237.44 are immediate levels to hold in case of a pullback. * Indicators: * MACD: Flat, indicating indecision. A bullish crossover could signal renewed momentum. * Stoch RSI: Overbought, suggesting potential for short-term consolidation or pullback. * Volume: Increasing volume is necessary to validate any breakout above resistance. Gamma Exposure (GEX) Insights for Options Trading * Key Gamma Levels: * Positive GEX: $245.00 and $250.00 are significant call walls, with $242.77 acting as the strongest resistance. * Negative GEX: $235.00 and $227.50 are key put support levels. * Options Metrics: * IVR: Moderate at 27.3, indicating reasonably priced options. * Call/Put Skew: Bullish sentiment with calls at 40.8%, reflecting optimism among traders. * Actionable Gamma Zones: * Bullish Scenario: A breakout above $242.77 could trigger gamma-driven buying toward $245.00 and beyond. * Bearish Scenario: A drop below $240.31 may activate put support and lead to further downside toward $237.44. Trade Scenarios 1. Bullish Setup: * Entry: Break and hold above $242.77. * Target: $245.00 and $250.00. * Stop-Loss: Below $241.00. 2. Bearish Setup: * Entry: Break below $240.31. * Target: $237.44 and $235.00. * Stop-Loss: Above $242.00. Important Note AVGO is at a critical juncture. Watch for strong volume to confirm any breakout or breakdown. Adjust your strategies based on market conditions during pre-market and intraday activity. If you need a detailed analysis for AVGO or any other stock, feel free to reach out! Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always trade responsibly.
NASDAQ:AVGO
by BullBearInsights
Broadcom Inc. (AVGO): Driving 5G Growth WorldwideBroadcom Inc. (AVGO) is a global leader in semiconductor and infrastructure software solutions, powering everything from smartphones to data centers. The company’s products include chips for wireless communications, broadband, and enterprise storage, as well as software solutions for networking and cybersecurity. Broadcom’s technology is critical for many industries, making it an essential player in the tech world. Broadcom’s growth is driven by demand for its chips in high-tech devices, the rise of 5G, and the expansion of data centers. On the stock chart, AVGO recently showed a confirmation bar with rising volume, pushing the price into the momentum zone. This signals strong investor interest and the potential for continued growth.
NASDAQ:AVGOLong
by traderspro_charts
Broadcom - This Chart Tells Us Everything!Broadcom ( NASDAQ:AVGO ) is retesting massive resistance: Click chart above to see the detailed analysis👆🏻 For roughly a decade, Broadcom has been trading in a quite obvious rising channel pattern, perfectly rejecting the lower support trendline back in the end of 2022. After the recent rally of more than +200%, it is quite likely that we will now see a substantial move lower from here. Levels to watch: $250, $150 Keep your long term vision, Philip (BasicTrading)
NASDAQ:AVGOShort
by basictradingtv
6
Broadcom Inc. (AVGO): Bearish Momentum Near Resistance🔥 Potential Price Targets (Next Month): 🩸 Near-term Goal: $220.00 🩸 Long-term Goal: $215.00 🔥 LucanInvestor’s Strategy: 🩸 Long: Above $231.20, targeting $240.00 and $250.00. Bullish confirmation needed with stronger volume. 🩸 Short: Below $229.31, aiming for $220.00 and $215.00. Weak MACD and declining volume suggest a bearish continuation. 🔥 LucanInvestor’s Commands: 🩸 Resistance: $231.20 – A breakout is unlikely without strong buying pressure. 🩸 Support: $229.31 – A breakdown could confirm further downside toward $220.00. Analysis: Broadcom faces mounting bearish pressure near $231.20. With MACD signaling weakness and volume declining, traders should be cautious of a potential breakdown below $229.31. Watch for downside opportunities if support fails. 👑 "The market rewards clarity, not hesitation." — LucanInvestor
NASDAQ:AVGO
by LucanInvestor
9/5/24 - $avgo - long print at $1559/5/24 :: VROCKSTAR :: NASDAQ:AVGO long print at $155 - 7/10 idea. so for me that's small position - 30x PE on name that's growing 20's: reasonable - my fourth tier name after NYSE:TSM > NASDAQ:NVDA > NASDAQ:ASML > NASDAQ:AVGO - i literally own NO semi's rn outside of some AMEX:SOXL C's that are more managing exposure, book, length etc, and you'll never catch me writing about. i'm not a tik-sht-er. what you see is what you get. if you're old enough to get it... WYSIWYG culture here :) - if you look at $AVGO/ NASDAQ:SMH you'll see this is a "wanted" name. it's defn an AI play. it doesn't have such a cult following as $NVDA. it's an outperformer tho. - tough tape - per my comment on OTC:GDLC becoming a 50% position today i'm making a risk-on bet into tmr's """job's report""". that being said... - 2.5% fcf gen. great growth. good product. capable mgmt. not cheap. but you get what you pay for. and software is becoming more commoditized by the day. cursor is a-maz-ing. so we'll need to come back to the B2B names with a more critical eye in rest of '24 and 2025. but semi's can't be made in a terminal laboratory and the scale is just that. moat for now. - so i like this one. i'm not necking out. but i'm long. might be calls ;) lmk if you see it differently. i enjoy the comments! V
NASDAQ:AVGOLong
by VROCKSTAR
Avgo .. Broadcom, elevator up, but taking stairs down?A more in depth look at local lines and trends for Maddy50 who asked about 185 potential. Well if everything else is falling and this darling likes to stay up, then taking the elevator down will crack many of those fib channel lines and end you at the triple top, and initial breakthrough line at 185. While I already bought shorts , ticker AVS, on here on the 18th....you are free to do what you want and by your own opinion. But think this through....everything that uses Broadcom isn't selling...put your AI dreams aside and lets check into today reality: Apple isn't selling anything...neither is Samsung. Your laptops are basically dead as colleges are watching enrollment drop and the idea of handheld devices costing less than say 4-500 dollars is starting to become history...why should this stay up. You can cook the books so well that even Enron will ask what lovely scent of money you got brewing...but you do go down by the exponent of the lies you led or on the speculative growth you guided. So basically.. that's just a thought...I don't really care once my shorts are in...reality will tell you when to sell when all is settled. But at a high, you can't find anyone selling and people fabricating every way for you to think the good idea is to buy? Last thing....Lets think... You have to double that (AI)levator to double your money if Broadcom and the apple and NVidias of this world are to net you double the money.... So what is the next best thing that physics hasn't shown is a scam or a few too many mirrors and slight of hand cant fake?? Think about it people.
NASDAQ:AVGO
by CYQOTEK
Broadcom Inc. (AVGO) – Should DUMP SoonHi Traders! 👋 Let’s take a closer look at Broadcom Inc. (NASDAQ: AVGO) on the 15-minute timeframe. The chart showcases a compelling Elliott Wave structure, coupled with key Fibonacci retracement and extension levels to guide potential trade opportunities. Elliott Wave Analysis: - Wave (1)-(5): A completed impulsive structure followed by a corrective ABC wave pattern. - Wave B Resistance Zone: Price is currently consolidating near a significant resistance level, setting up for a potential reversal into wave C. Key Fibonacci Levels: Wave B Resistance: - 1.236–1.618 Extensions: $246.61–$248.46 (key reversal area). - Stop-Loss: Above $246.98 to invalidate the bearish setup. Wave C Target: - 1.0 Extension of Wave A: $234.02 – expected target for the next leg lower. Potential Scenarios: - Bearish Reversal: A rejection at $246.61–$248.46 aligns with the start of wave C, targeting $234.02. - Bullish Invalidation: A sustained break above $248.46 could lead to further bullish momentum. Trade Idea: - Entry: Around $246–$247 after confirmation of rejection. - Stop-Loss: Above $248.46 for risk management. - Take-Profit: $234.02, offering a favorable risk/reward ratio. Market Context: Broadcom’s recent price action reflects heightened volatility, providing opportunities for short-term traders. This setup combines Elliott Wave precision and Fibonacci retracements for structured trade planning. Always trade with a proper risk strategy. 🚀 Let me know if you'd like additional insights or adjustments! Happy trading! 📈
NASDAQ:AVGOShort
by MrStockWhale