Strong Buy AVGO:547.27We consider a strong buy for Broadcom Inc, rating the company as the absolute leader in semiconductors
AVGO trade ideas
Bouncing on POCAVGO has returned to its post-March 2020 point of control.
Stepping down a time frame to the daily chart, we can see a cluster of Dojis. Combined with volume falling under the 50day average, MACD crossing its signal, and Stoch recovering from oversold shows hesitation in the selloff.
An aggressive trade would be to enter now, while a more conservative entry would be above the support or resistance zone just north of the 21EMA.
Broadcom's Bearish OutlookAVGO showing quite textbook looking waves with fib confluence, expecting current impulse wave down to at least touch the previous major support. If price hits this target, I'd expect it to be the beginning of a deeper correction.
AVGO 481Timeframe: Multi-month swing
Last week AVGO retested and rejected the weekly 10MA yet again and sold off rather quickly. I'm targeting price to eventually make it to 481 over the next month or two. For the last 3 weeks we have yet to get above the golden zone around 594-598. We have also yet to close above the weekly 10MA for 10 weeks.
How to play this?
• I'll be looking for price to cross 539.72 to signal that AVGO would like to go lower in the coming weeks. If price never crosses below that level this week then we can play the upside.
• Once the trigger hits I would be getting in to take it to 531.
Trigger (539.72) then reversal plan:
• I would look for a bearish reversal pattern on the daily around 558 and 562 to take it short.
Things to look out for:
• Be aware that price can cross 539 this week, reverse to 558, and then reverse again the following week.
• Short term I could see some upside retracement to 558-562 to retest last week's price area. There is very strong supply at this level as it is the bottom of the VWAP (from April 2022). This means a lot of folks are holding the bag and they might be anxious to get out at that level.
Short Invalidation/Bullish:
Short invalidation area is at 576.27. At that point I would take it up to 583, 594 then 598 (golden fibs).
AVGO more downsideWent parabolic end of last year, broke down from that and has yet to complete full downside move.
Expecting 490s by early July.
$AVGO with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $AVGO after a Negative over reaction following its earnings release placing the stock in drift C.
AVGO bull put spreadBelow the 200 SMA on daily. AVGO has had pretty decent strength for a bit. Not expecting it to TANK in 2 weeks.
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AVGOFirst the failed breakout now rejection of multiple sma's & YTD VWAP on heavy volume. Couple short term levels below.
AVGOSimilar look to AAPL. Temp top candle printed last month. Looking for a test of last quarter's low for this quarter.
$AVGO Ready to Break Out?$AVGO – On a relative basis, Broadcom has held up well when compared to other high beta stocks. When I look at this formation of candles on the right side of the chart, I can see several patterns; 1. Flat base, blue line. 2 ascending triangle, 3. If you look hard an inverse head and shoulders and most important 4. A Minervini – VCP (volatility contraction pattern). I also like the big green volume which shows massive accumulation since it’s Jan 24th low. I’ll be looking to go long when both the overall market is up and price goes above $613.50. In this market I’ve been running no more than a 2% stop. Let’s see how it plays out. Ideas, not investing / trading advice.
AVGO - Underrated titan in vulnerable spot
Three lower lows and lower highs ---
below VWMA (early) -
Decreasing volume --
Bearflag setup on daily ---
Good volume in the demand zone ++
IF market shows strengths next week, possible that it tests 625 zone, where it runs into big supply. Breakdown there could slide this to recent low near 500.
AVGO Short Setup On Weekly. Another Beautiful Short.Similar chart to OPCH at the moment. I have orders throughout the Short Zone with the heaviest at the of the box for ideal risk/reward.
$AVGo with a Bullish outlook following its earnings #Stocks The 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 86.67%.
AVGO: POTENTIAL 11% SWING TRADEAVGO :
I like the setup here with a well-defined risk .
Nice sort of ascending triangle that started forming in January.
Strong support of the ichimoku cloud at 596.
Can we break 610.40 and push to the previous high at 678 in the next few weeks?
No one knows. But the risk vs reward ratio is good, as you can set your stop for a 3% max loss (below 596) and your profit target to 678 (11% profit).
Swing trade for me.
Trade safe!
AVGOIf the market can hold this rally and AVGO can hold above $605, it could make a run back to ath pretty quickly imo.
AVGO exposure to ChinaThe U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
35% of AVGO Broadcom revenue comes from China.
My price targets from AVGO are $460 and $422.
Looking forward to read your opinion about this.
Broadcom Stands Tall as Other Chips StruggleMost semiconductors have lagged recently as technology stocks and the broader Nasdaq-100 struggle. That makes the price action in Broadcom especially interesting.
Notice how AVGO is holding its 100-day simple moving average (SMA). In contrast, the Philadelphia Semiconductor index is mired below its 200-day SMA. (See below.)
Second, Bollinger Band Width has shrunk back to the lower end of its range. That may indicate that prices are getting ready to expand again.
Next, AVGO’s higher lows since late January are starting to form a potentially bullish ascending triangle. Notice how the 50-day SMA potentially marks the top of the pattern.
Finally, MACD has been turning positive over the course of the last month.
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This is where $AVGO finishes ERI think $AVGO falls post earnings report. Good or bad, it falls to $500+
$AVGO -Charts to keep you up at night.AVGO and so many charts are just massive negative looking situations. It all could be nothing but it markets are positioning for these companies to head severely south. Why not pay attention?!?!
Broadcom Inc broadly dropping South. AVGOImmediate targets 516, 470. Invalidation 778.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
