AVGO - 8/19/24Avgo - trend analysis with levels for brett at honeydrip. Support resistance, etc.
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AVGO trade ideas
AVGO: Triggers for the next reversal. H & D Charts Analysis.The AVGO chart presents a notable recovery pattern after a sharp decline. On the daily chart (right side), the price experienced a V-shape recovery from the key support level at $130.25, which coincides with the completion of a gap closure. This swift recovery indicates strong buying interest around this level.
The price is currently approaching the main short-term resistance at $166.40, a level that previously acted as a support and now poses a significant barrier for further upside. The 21-day EMA (blue line) has started to turn upward, which suggests the possibility of a continuation of the current uptrend if the price can break above the $166.40 resistance level.
On the hourly chart (left side), the price is correcting after closing its previous gap. The price is now hovering around the $163.35 level, just below the resistance at $166.40, however, above the 21-hour EMA. The short-term support on this chart is established at $161.30, which aligns with recent consolidation levels. Therefore, teh short-term trend is still bullish.
In summary, the AVGO chart indicates a strong recovery with the potential for further upside if the price can successfully breach the $166.40 resistance level. We should watch for a breakout above this level for a continuation of the uptrend, while the $161.30 level + 21-hour EMA serves as critical short-term double support. Only if AVGO loses this area we would see a further decline.
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Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
AVGO 16 percent profittime to make money
Enter at 160 which is confirming 50d MA and 200 EMA bounce
Entry will be safe at 163
Stop loss 143
Enjoy
$AVGO bullish case im leaning towards because we are holding above 50% of our downtrend channel. i expect a retest of 146 ish of the floor we have reclaimed. Then take my shot at longs TP1 could be 151.50. im planning to hold all the way to main price target because of the punch back into structure if we hold well and continue getting bullish closes on larger time frames 157 is inevitable.
Buy zone for $AVGO . YTD vwap support Will monitor this one monday to see how it acts , will look to buy calls and common stock depending on price action at beginning of the week
LONGING $AVGOWhy I'm bullish on NASDAQ:AVGO :
Retest a broken Resistance level which is now considered Support (4 hour)
Retesting our Trend Line (4 hour)
Wick-to-body Forecast is indicating bullish movement
Entry: $145.00
Take Profit: $165.00
Stop Loss: $138.00
AVGO Long IdeaI think this one could go either way, but I like the odds of at least a small bounce here. It hit a major trendline support today and closed slightly below. We also have horizontal support in the area around $143. Semis seem bullish after AMD earnings and this is a major area so I'd expect bulls to defend.
If no bounce and hold of the trendline, I think we'd see $130 in short order.
AVGOPrice is consolidating in the form of symmetrical triangle for the past 2 days after a good trend line break out. 150 will be the trend deciding zone. Higher time frame shows rounding bottom is forming. Lower time frame pattern is neutral.
Buy above 155.5 with the stop loss of 154 for the targets 157, 159 and 161.
Sell below 152.5 with the stop loss of 154 for the targets 151, 149 and 147.
Hit the like button to Rock !! Show some energy !!
Note : This is my pre market analysis and my trading journal. Not a suggestion to buy or sell.
You are responsible for whatever you do.
$AVGO Sell RetailNASDAQ:AVGO has hit its Resistance Level ... forming a Evening Star... according to NEO ... Whats your thoughts? Im lookinmg bearish on this one
Main Focus Stocks/Index's Review 20 min Going over our Main Focus list every day. after Reflecting on these last 6 months i found that my consistency has been off. be consistent. that is the key to the market. reflect + review = Growth we want to go over the entire weeks trades. grade them individually and grow every day. there is no growth without Reflection. get to work.
AVGO - Is it a formation of inverse head and shoulders?Looks like an inverse head and shoulders formation on Broadcom after split, we are at support at 155+ and looking for $165-167 in the coming days. Long AVGO
Covers the gap to 148 But I'm comfortable seeing this grow over time; it is an investment to keep an eye on. But there could still be some downside to it first.
$AVGO is now trading in rangeBroadcom (AVGO) serves a variety of major customers across different industries. Some of their leading customers include:
- **Apple**
- **Samsung**
- **Cisco**
- **Hewlett-Packard (HP)**
- **Huawei Technologies**
- **Alcatel-Lucent**
- **ZTE**
- **Arris**
- **Pace**
- **Thomson**
These companies incorporate Broadcom's products in their wired and wireless communications equipment and devices³.
Broadcom - AVGO - BUY IT!Dear traders,
Id like to share this idea in order to take long positions,
140- 150$ is is a good price range to look for buying opportunities.
Like the other semiconductors companies Broadcom is still in a uptrend, it is just correcting (WHICH IS NORMAL), it is time start buying again.
best,
AVGO: This is a Critical Support Level. (D&W charts)AVGO presents an interesting setup on its daily chart, where the price recently encountered a bearish pivot point. This point is marked by a descending trend line and a notable rejection from the highs around 180. The stock has retraced to test the support area near 156.40, which aligns with a previous support zone. The bearish pivot point indicates potential weakness, and the price action will be critical to watch as it trades around this support level.
On the weekly chart, AVGO demonstrates a more comprehensive perspective with a double support area at the 21-week EMA and the 143.82 horizontal support line. This area has provided significant resistance in the past, and its confluence with the weekly EMA enhances its importance. If the price triggers the bearish pivot point seen on the daily chart, then this double support area will be our next target.
Is there a chance that AVGO will react above the $156 support? Yes, but we need to see bullish signal there, and so far, there isn’t any technical evidence suggesting that.
In summary, AVGO's price action is currently testing key support levels on both the daily and weekly charts. The reaction at these levels will be critical in assessing whether the stock can maintain its upward trajectory or if further downside is likely. The intersection of the daily bearish pivot and the weekly double support creates a focal point for us to monitor closely.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
157 like with nividia this may find a solid bottom firstThe resistance hit is a slowdown of buyers which could mean there is going to be a correction causing the ticker to make a retrace.
Weekly Analysis for 7/15/2024 - NFLX Earnings and Semi HypeThere's not a lot going on in terms of the economic calendar this week, but we are beginning earnings season with NFLX and we have a lot of bullish hype for semis. AVGO has its stock split and news came on Friday of SMCI's inclusion in the Nasdaq. Hoping for some more volatility, it seems like it should be a good week for trading.
AVGO Stock Split - Long IdeaIn addition to the hype for the SMCI Nasdaq inclusion, we also have the AVGO stock split starting this week. It could be an explosive week for semiconductors. I like this setup on AVGO, but it may not trigger anytime soon. If we do get a pull back to retest the ascending wedge, it would be a great long setup. If it doesn't hold, it becomes a short setup.
AVGO building out a triangle AVGO building out a triangle - mostly likely will break out of this range on week of 7/22 - let's put this on watch!
Long term - this stock is far from done
Cup and Handle Pattern Nearly CompleteI wrote about this in another post, but the chart is easier to see in this one.
The cup and handle pattern on AVGO looks nearly complete on the hourly. Looking at the fib retracement, the bottom of the cup bounces nicely off of the 0.5 line, bouncing off of resistance at the 0.786, and the handle seems to be making it's way back up today.
If we can get past the $1750 price at the 0.786, with the AI narrative and stock split ahead, I see a potential move up to $2,200 on momentum. The market is certainly due for a correction at some point, but I don't see it happening until later this year.
Time will tell, and we'll just have to wait and see what happens.
AVGO: Buy idea Buy idea on AVGO if only if we have the breakout with force the vwap indicator by a big green candle...
1800 idea not too shabby may not get DTOpen season, the stark contrast of a sudden squeeze is less likely, but positioning itself closer to 2000 isn't after the split with 4 trading days to go, I see a Bull with no end in sight till the end of the bell.
AVGO Cup and Handle forming?Looks like a cup and handle pattern is forming nicely on the hourly chart ahead of the Broadcom stock split.
I can’t help but feel like we’re getting close to a top within the tech sector, but the momentum is still there driving this stock higher, and NVDA has shown us that a 30% boost post-split is very possible.
