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BROADCOM INC. DL-,001BROADCOM INC. DL-,001BROADCOM INC. DL-,001

BROADCOM INC. DL-,001

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1YD trade ideas

Tight Squeezes Across the Chip SpaceSeveral chip stocks are squeezing into tight ranges with breakout potential. Notice how Broadcom briefly knifed under its 50-day simple moving average (SMA) on July 2. (It followed an antitrust complaint.) The bears quickly surrendered, and a week later AVGO had its highest close since mid-April. So you have a false breakdown and a strong bounce outside of the range. That could draw some buyers from the sidelines. That could be even more true now because the price channel has been abnormally tight, with Bollinger Band Width recently hitting the lowest level in 5+ years. AVGO isn’t the only chip stock in that’s been treading water as business remains strong. Taiwan Semiconductor’s band width recently hit the tightest reading in a year. TSM also just bounced at its 50-day SMA, a line that was resistance in April but is now support: Both companies have also been straddling their 100-day SMAs. TradeStation data uncovered that Lam Research , NXP Semiconductors and Teradyne also touched that line on Friday. ( Qualcomm and Microchip Technology were at their 200-day SMAs.) It’s an interesting time for the industry because catalysts like 5G upgrades and chip shortages remain in effect. Sentiment recently shifted away from cyclical stocks like industrials toward growth stocks like software. But interest rates leaped on Friday as cyclical stocks rebounded. More cyclical strength could draw money back toward chips (which often follow industrials ). If that happens, these names resting along their 100- and 200-day SMAs could begin sustained moves. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:AVGOLong
by TradeStation
1
RectangleAvgo appears to be trading in a rectangle. The top trendline is resistance and the bottom trendline is support, until the rectangle is broken with an obvious trend in place in that direction. Rectangles are a horizontal trading zone and are neutral until broken. Some swing trade inside using MR (Mid rectangle) as a stop. This can be a risky trade as you never know when the rectangle will be broken. Negative volume is high showing smart money interest and short interest is low. There is a piercing candle pattern when AVGO neared the bottom trendline. This is a bullish 2 candle pattern that begins with a red candle while price is trending down. It is followed by a green candle that opens below the preceding red candle and closes between the mid point of the red body and the open of the red candle (the top si the open of a red candle and the bottom is the open of a green candle) No recommendation.
NASDAQ:AVGO
by lauralea
Broadcom back up againAfter a period of latelarità the title $AVGO seems to want to return to climb, says my adviosr Marketmiracle that sent last night a purchase signal on Broadcom at a price of 459.32 USD with a target of 512.29 or a potential profit of 11.53%, really not bad. Analyzing the title graphically it seems actually the construction of a head shoulders overturned for which the premises there are, it will be to see if this will actually be realized. Let’s enjoy the show... This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
NASDAQ:AVGOLong
by MarketMiracleAdvisor
Broadcom Inc. (AVGO) This equity very interesting, but the investor need a little of faith to buy at this price. The trendline is very strong and the company is pegged to mirror the broader market for the year ahead. AVGO offer a total-return potential for the middecade. IT customers will likely seek to expand their budgets. Finally, we look for prior acquisitions, namely Symantec and CA Technologies, to gain added traction over future quarters. Total net profit (2020) 2.9 B. Total net profit (2021) est. 5.50 B. Total debt 42.0 B
NASDAQ:AVGO
by mgiuliani
3
AVGO > 490Gameplan: Ticker: AVGO Sector: Technology / Semiconductors Average Beta: 0.99 Set up: Wedge Breakout Entry Price: 490.21 (50%) 495.21 (Add other 50%) Stop Loss: 477.39 Price Target: 550+ Scale in/out: Will scale in with a feeler at this level about half-size incase I get stopped out I can re-enter at another level. Will scale out 1/3 off of momentum to pay for the trade and give the rest towards trailing and the proper stop. Will you trail: Will trail with previous day LOD Next Earnings: June 10th 2021 Previous Earnings: March 4th 2021 ATR: 15.61 ATV: 2.23 Million Spread: 0.50 - 1.00 Support: 477.50 Resistance: 495, 500, Phycological Figures Key Levels: 477.50, 495, 500, Phycological Figures Short Interest: 1.22% I love this setup, because of its formation and especially the tight entry.. Its stop is right below the pivot and has been consolidating throughout this whole week around this level. This trade has so much potential to the upside and with the market and highs along with all the other catalysts such as the semi-conductors performing well these past months.. there is too much room to grow in this trade but with the level being to tight and the ATR being capable of stopping us out day 1, it is best to grab a feeler and to add to the core position above 495 to prepare for the bigger move. On the downside there really isn't too many major flaws expect for it consolidation period being fairly quick for an average beta name.. otherwise there isn't any cons about this setup.
NASDAQ:AVGOLong
by mentalcapital