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AVGO trade ideas

AVGO: Bullish Pennant, confirmed (29,16%)(10/1000)(10/1000) Confirmed Bullish Pennant pattern for AVGO. 29.16% possible gains. Pros: 1- PPS above 50MA and 200MA 2- RS above 0 and climbing 3- R/R ratio above 5 4- 250RSI above 50 and climbing 5- 50MA above 200MA 6- Both 50MA and 200MA ascending 7- Golden cross circled in blue 8- Descending volume during flag forming 9- Volume during post forming 10- Break out with volume Cons: 1- ATR descending, less volatile Target price is 1048,47$ Stay humble, have fun, make money! MAAX
NASDAQ:AVGOLong
by LeLaf
Symmetrical TriangleNeutral until broken with a trend in that direction. The Williams Alligator indicator is a technical analysis tool that uses smoothed moving averages. The indicator uses a smoothed average calculated with a simple moving average (SMA) to start. It uses three moving averages, set at five, eight, and 13 periods. The three moving averages comprise the Jaw/blue, Teeth/white, and Lips/red of the Alligator. The indicator applies convergence-divergence relationships to build trading signals, with the Jaw making the slowest turns and the Lips making the fastest turns. The moving averages are in order today with the lips being on top. AVGO reached a high of 921.78 but price was quickly rejected as evidenced by a long candle wick. No recommendation. No recommendation.
NASDAQ:AVGO
by lauralea
AVGO: Is about to give a breakout signal. Follow it.AVGO is trading inside a Triangle pattern on a bullish 1D time frame (RSI = 62.459, MACD = 29.570, ADX = 26.143) supported by a HL trendline since October 14th 2022. The way the Triangle breaks to will most likely reveal the next medium term direction. Under it, we will sell and target the 1D MA100 (TP = 760.00) while over it, we will buy and target the 1.5 Fibonacci level (TP = 990.00). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AVGO
by InvestingScope
2
BB50 KISS SETUPBB50 KISS SETUP Moving average (50) usually shows the mid term trend of a certain stock, when the price is above the MA50 we can say that the stock is in a mid term uptrend phase. For swing trade strategies, MA50 can be used as a support and or entry for “buy on dip” or pullback entries after a breakout. Combining it with BB gives a better visualization given that we are looking at a volatility envelope rather than a single thin line we see on an MA. Other use: Trail stop for trend following and reactive profit taking. Tranche buy (BB50 kiss during markup phase in confluence with a cont pattern)
NASDAQ:AVGOLong
by cue31035
1
AVGO - Runaway and Breakaway GapsWill the most recent breakaway gap in NASDAQ:AVGO follow the trend of the next most recent small runaway gaps in its price trend? Gaps occur when the low price of the current day is higher than the high price of the previous day. The majority of gaps are filled over time, but a sudden gap fill usually indicates a trend reversal. A breakaway gap occurs at the beginning of a trend after a period of consolidation, similar to what we've observed with AVGO between March and May. We can project the outcome after a breakaway gap by measuring the vertical distance from the most recent swing low to the middle of the gap, and then using that same distance from the center of the gap to project the next local top of the trend. Historically, these projections have roughly a 60% likelihood of reaching their target.
NASDAQ:AVGOLong
by Ben_1148x2
2
AVGO earnings todayBroadcom (AVGO) Q2 earnings are today 6/1/23 at 4:15pm. Broadcom (AVGO) reported Q1 January 2023 earnings of 10.33 per share on revenue of 8.9 billion. The consensus earnings estimate was 10.11 per share on revenue of 8.9 billion. Revenue grew 15.7% on a year-over-year basis. "Consolidated revenue grew 16% year-over-year to 8.9 billion and adjusted EBITDA margin increased year-over-year to 64%," said Kirsten Spears, CFO of Broadcom Inc. "We generated 3.9 billion in free cash flow, representing a 16% increase year-over-year, and expect even stronger free cash flow in the second quarter." Q2 April 2023 Consensus: EPS = 10.09 Revenue = 8.70 B 6/2/23 expiry options data: Put Volume Total 12,273 Call Volume Total 18,669 Put/Call Volume Ratio 0.66 Put Open Interest Total 19,314 Call Open Interest Total 18,641 Put/Call Open Interest Ratio 1.04 6/9/23 expiry options data: Put Volume Tota l1,607 Call Volume Total 6,289 Put/Call Volume Ratio 0.26 Put Open Interest Total 4,717 Call Open Interest Total 4,979 Put/Call Open Interest Ratio 0.95 6/16/23 expiry options data: Put Volume Total 2,493 Call Volume Total 4,775 Put/Call Volume Ratio 0.52 Put Open Interest Total 38,577 Call Open Interest Total 27,669 Put/Call Open Interest Ratio 1.39 1 day chart technical levels: SMA50 = 646 SMA200 = 563 YTD high = 921.78 YTD low = 549.99 TTCATR VWMA20 top = 833 R3 = 812 R2 = 792 R1 = 772 pivot = 752 S1 = 732 S2 = 712 S3 = 692 bottom = 671
NASDAQ:AVGO
by Options360
NVDA Closed at Support | SPY & QQQ Long Term Outlook Guide- NVDA closed right at support very likely testing it again tomorrow morning. - Nvidia does not have a lot of support in the gap zone so potentially more sell off if we do get into the zone. - SPY rising wedge pattern is still in play. - QQQ daily consolidation is still healthy havnt even pull back to 0.382 yet which potentially can still be a daily bull flag. - pulling back over 0.5 will start to favor the bears on the next bounce as of now we still need more proving from the bears.
NASDAQ:AVGOShort
by ArcadiaTrading
AVGO - Rising Trend Channel [MID TERM]- AVGO shows strong development within a rising trend channel in the medium long term. - The price has broken the resistance at 633 of a rectangle pattern, which signals a further rise. - The stock is testing resistance at 640. - This could give a negative reaction, but an upward breakthrough of 640 means a positive signal. - Overall assessed as technically positive for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
NASDAQ:AVGOLong
by wavepoint99
Broadcom: Slide 🛝Broadcom is amusing itself in the playground consisting of the green zone between $648.08 and $577.41 and has lately been lingering mainly at the 78.60%-retracement at $621.54. However, soon, the share should switch over to the red slide leading below the support at $572.10 and into the lower green zone between $531.78 and $465.02 to finish wave 2 in green. This low should then grant the share new upwards momentum. There is a 37% chance, though, that Broadcom could prefer the jungle gym and thus climb above the resistance at $648.50. In that case, we would expect a new high in the form of wave alt.1 in green in the magenta-colored zone between $673.07 and $774.04 first, before the downwards movement can start again.
NASDAQ:AVGO
by MarketIntel