AVGO Tight Rising WedgeThis rising wedge is getting tighter and tighter. It does favor a break lower as it approaches the apex of the triangle. The short trade setup may coincide with a hit of the double top and top of the rising wedge. Some distribution is clearly occurring near these levels. by Trading-CapitalPublished 2
AVGO - Not much left for Northbound travelsLong-term this champion looks in need of a much needed respite from all of its journeys northbound. It still appears to have some energy left in the tanks, so another higher high is not out of the cards. IMO this has the look of a titan that will likely shift focus to acquiring more vertical integration type of companies, hence capping upside potential. If a new high is reached, then this is likely the continuation of (5) via a wave v of (5) - target 850ish - note alt count. Losing 540 on a daily close would shift odds to the more immediate corrective count and likely eliminate another higher high. GLTA!Longby kstrizzle001Published 0
Avgo Avgo interesting here post earnings gap up above avwap from the recent swing high and above Vwap from the swing low before the gap by cdarbonne3344Published 1
$AVGO with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $AVGO after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 87.5%.Longby EPSMomentumPublished 1
Broadcom’s performance before earnings report Broadcom Inc. (symbol ‘AVGO’) share price has performed very well in the last quarter of the year and also into the new year so far with a minor correction happening in the last 3 sessions. After an overall hard year the company managed to gain most of its losses back and is looking strong in the near short run. The company’s earnings report for the fiscal quarter ending January 2023 is set to be released on Thursday 2nd of March, after market close. The consensus EPS for Q1 is $9,38 compared to Q1 2022’s $7.68. ‘Even though the company’s share value is lower than the beginning of the year, the financials of the company are looking healthy. The net income has increased compared to previous years and the current ratio is over 260% meaning the company has the capacity in assets to cover its short term liabilities. ’ said Antreas Themistokleous at Exness. ‘The dividend yield rate is over 3% while the payout ratio is just above 60% making the share an attractive addition to investors portfolio’ From the technical analysis perspective the price has been trading in a steady bullish movement throughout the whole quarter while a correction came after the resistance of the upper band of Bollinger bands in early February. Currently the price is trading at a strong technical support area which consists of the 50 day moving average, the lower band of Bollinger bands and the 23.6% of the Fibonacci retracement level. The Stochastic oscillator is recording extreme oversold levels possibly indicating that the correction might be close to its end and a rebound to the upside might be imminent. The following sessions are important to the share price since it would pretty much indicate the near term movement of the stock. by Exness_OfficialPublished 0
Rising WedgeBoth lines sloping up and narrowing at the apex. Bearish but not valid until bottom line is broken. Bearish Harami today that needs confirmation. Short when support line is broken. Price is above the .236 of the trend up. Possible bearish crab that terminated above the 1.616 if the 4th leg is complete. No recommendation. The Crab is a reversal pattern that allows you to enter the market at extreme highs or lows. The Crab is similar to the Butterfly, but while the Butterfly pattern ends at a point that represents a 127% Fibonacci extension of the initial X-A leg, the Crab ends at a point that represents an even deeper 161.8% Fibonacci extension of the X-A leg. There are bearish Crabs (crooked W) and bullish Crabs (crooked M)by lauraleaUpdated 1
AVGO Setup for LongAVGO 1H Setup 1- trend is bullish 2- trend line is respected many time 3- current support is between 598 - 594 4- next resistance is at 627 5- if price go up to 599 then enter the trade and ride till 625 7- if price goes down then next entry point is at 594 8- Entry points for long calls only: -Zone1: 598-600 -Zone2: 580-594Longby terminaltradersPublished 2
AVGO Setup, wait for the price to come at entry point- Overall trend is bullish - 1st point of entry is at 588 and then the price may go up - 2nd point of entry is at 564 and then the price may go up - 3rd point of entry is at 548 and then the price may go up Resistance is at 608, so you can expect the price to go till that levelLongby terminaltradersPublished 2
AVGO - bearish move short-termAVGO has been in a short-term uptrend. However it looks that the price is approaching the key resistance. We expect that the stock price may decrease in the coming period. Therefore, we recommend taking a short position when and only if the price breaks the upsloping trendline that has been acting as a support. Once the price breaks this support , we can enter a short position, however it’s also possible to enter short when the price bounce back up and retests the trendline, get rejected and confirm it as a resistance. When we look at the RSI, we see that there is a regular bearish divergence. That divergence shows the buyers exhaustion therefore there is a high probability that the price of the AVGO will go down in the next few days. We recommend closing to the short at 0.618 Fibonacci point. Target is shown on the chart.Shortby vf_investmentPublished 3
Ready to break upCheck my previous post below. Good time to add or open a long position if you missed it before.Longby ArturoLPublished 113
Bearish to upper 400sNeeds to breakdown below 552 to set this in motion, but a few gaps to fill to downside and upside has run its course for now. Initial target range in coming weeks is 492-520 (point target 505) Goal target is around 475 where it will accumulate and form right shoulder of larger accumulation structure around the 2022 low. From the right shoulder it will begin next bullish cycle to new all time highs.Shortby JerryMandersPublished 0
$AVGO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AVGO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 83.33%. Longby EPSMomentumPublished 0
AVGO Broadcom Options Ahead Of EarningsIf you haven`t sold AVGO`s exposure to China: Then looking at the AVGO Broadcom options chain ahead of earnings , i would buy the $515 strike price Calls with 2022-12-16 expiration date for about $7.60 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it. Shortby TopgOptionsUpdated 9
Break Up From Channel DownJust when you thought the semiconductor trade was over! LOL Price has broken up from the channel down. Down from a symmetrical triangle but appears to have been resuscitated and is breathing today. Target 1 to the downside met. No recommendation. W pattern with valley 2 lower than valley 1.by lauraleaUpdated 2
AVGO: Support Retest LikelyIts very possible that AVGO will be heading back to the 400 levels after rallying up to the resistance levels in the ~520s. Semis have had a strong run and the bounce on AVGO has been fairly significant without any convincing establishment of support levels on the way up. With this and the upcoming economic catalysts, its likely that a significant retrace is on the way. Alternatively, there is the chance of a bullish continuation so this is a trade that needs to be quickly closed if it begins to breach the current resistant levels. Shortby myceliiumPublished 0
AVGO LongDespite Semis' weak this week, AVGO looks strong. with tight SL I am want to see bounce up next week for avgoLongby orkhanrustamovPublished 0
Short $AVGO from 520Again, we have a setup with 4th test to top of channel. I hope to get filled at 520 when market opens monday. Here is a potential for a 25% scalp within 2-3 months. R/R is (as always) around 1:3 Entry: 520 SL: 564.5 TP: 393.5Shortby michaellaurasmussenPublished 2
AVGO: Head and Shoulders?Broadcom Intraday - We look to Buy at 457.26 (stop at 435.69) A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. The measured move target is 512.00. Dip buying offers good risk/reward. Our profit targets will be 510.99 and 530.00 Resistance: 512.00 / 574.00 / 670.00 Support: 450.00 / 350.00 / 260.00 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.Longby VantageMarketsPublished 111
ButterflyBullish. Butterflies are often found at tops and at bottoms. The butterfly should terminate close to the 1.272 of XA. This one was a bit shy of the 1.272. The 2nd leg, the retracement should be close to the .786 of XA. Peak 2 is lower than peak 1. It is a crooked M. There is no pocket pivot noted at this last leg yet price gapped up. In a perfect world targets for this pattern would be a the white lines I drew. I am not sure this is a perfect world though. This broke down from a triangle and the bottom trendline of that triangle could act as resistance. No recommendation. The butterfly is an extension pattern and the final leg ends below X in the bullish version. It is also considered a price exhaustion pattern. Target 1 level can also cause some resistance and sometimes all you get is T1 )o: Every stock is different just like everyday in this market can be different.by lauraleaPublished 0
Symmetrical TriangleAppears to have broken to the downside. Price is at the .382 of the trend up. No recommendationShortby lauraleaPublished 2
$AVGO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AVGO after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 80%. Longby EPSMomentumPublished 2
AVGO Broadcom Options Ahead Of EarningsLooking at the AVGO Broadcom options chain, i would buy the $410 strike price Puts with 2022-11-18 expiration date for about $6.00 premium. Looking forward to read your opinion about it.Shortby TopgOptionsPublished 6