1YD trade ideas
Short AVGO at its rally because it is well overbought.Short AVGO at its rally because it is well overbought and will be pulled back next week.
AVGO- Short for $162.73 to $133.13 & $170 April putsDate First Found - November 15, 2016
Pattern/Why- breakdown of trend line and up channel
Entry Target Criteria- break below $162.73
Exit Target Criteria- $133.13
Stop Loss Criteria- $170.13
Indicator Notes- huge drop in Twiggs Money Flow
Special Note- we would consider $170 April puts
Next Earnings Release Date- December 8, 2016
$AVGO InterestingTesting an interesting Support line in a few ticks.. Acording to the long term tendency it may bounce back up.
AVGO- Buy 130 & 135 put option We are looking to short AVGO as it is Breaking down of a broad rising wedge along with insider selling.
for best entry we like to see AVGO to rise a bit to the resistance.
for trading we consider Aug16- 130 put (2) & shorter term Jul16- 135 put ($1.7)
short term bearish. long term bullat this rate gap fill is not out of the question. $150 might be a possibility.
AVGOThis is setting up for the Gap and go strategy. Watch for entry on a break of todays high or a retrace and bounce with stop in gap.
MACD Is not slowing down but price at crucial levelIf price secures $150 the next major overhead resistance is at $162/$165 or we will head back to $138 levels. Trade less, save more!
(Daily) The Magnificent Bullish Shark // IF=THEN ®NASDAQ:AVGO
The perfect double top with a nice "V" shape, the neck breakout validating the double top, found support @117.17$, pull back 61.8% forging a nice 2618 short trade setup...
AB=CD pattern ends @107.10$ and from there we have a cluster zone, between 107.10$ and 101.38$ as the next probable stop before completing the Shark.
THE SHARK:
Point B:
61.8% XA
Point C:
113% to 161% AB
Point D:
161% to 224% BC
88.6% to 113% XC
Target:
38.2% to 100% CD
Double top & 2618 trade setup:
Safe Trades;
open.spotify.com
AVGO long 134.30/ 132.90, 1.7r to T1 at 136.70Day 3 continuation off a 6 hour flag up into converging Fib extensions
AVAGO What's next after earning? Short-term bearish?After earning, the price spiked up to hit the highest same as after the 5/25/2015 earning, bias thought it maybe a similar pattern, may softly drop down at the support range 140.5 - 141 which about the 23.6% Fibo of the latest uptrend, and may touch down at 38.2% Fibo too.
Plan to short if the next day price open below 144.5 with bearish candle, stop loss at 146.5.
AVGO FlagAVGO has been a great stock this is moving higher on breakout of flag, potential to run the same distance prior to the flag good risk management as this is not a weekly pattern
