AVGO - Consolidating Above All Time HighAVGO broke above all time high
last few days stock looks like consolidating before another leg higher
AVGO trade ideas
AVGO - sitting at resistance. Break could be +170 points?!If you read this as a giant inverse head-and-shoulders, a break of the neckline right around the current levels would project +170 points(!) landing this stock at a cool 500. Regardless of the read, we have bumped up against resistance several times and it looks ready to break through. a strengthening MACD lends credence to the story. Earnings come in September so it could sit a big - If you are going options, be sure to put some time in there.
AVGO has been trying to breach the 320-330 range for yearsAfter stellar recovery in last few months AVGO is making legitimate attempt to stay above 320 and probably break through the long-term 330 ceiling. It's got pretty strong tailwinds too:
- AAPL is going to the moon and beyond
- semiconductor ETFs are hot (again)
- it's doing workforce "consolidation" which will surely make shareholders happy
- dividend increases every quarter no matter what! koyfin.com
While there's no guarantee this will be quick and assertive breakout, AVGO is making definitive move to enter growth regime.
LONG AVGO if $328 holdsAVGO breakout 8/4 but there is resistance at $328.10. If we get volume, LONG!
Nice setup on dailyThis should go this week or next, already entered calls, expecting it to test ATH
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 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
