LONG BULLISH Daily and weekly charts looking pretty bullish. Using modified pitchfork from highs and lows you can predict the reversal candle. Take a look, I started with candle 1,2,3 and you can see centerline crosses candle 4 which is the reversal candle. Continuing with 2,3,4 you'll see the centerline hits reversal candle 6. Now 4,5,6 combined (pitchfork&modified schiff) centerline crosses the price rejection $331.20ish (rejected twice) with the support of recent agreements with Apple, I suspect this will go over $326 this week and will finally break the resistance prior pullbacks.
AVGO trade ideas
Broadcom Breakout AlertPossible breakout opportunity in AVGO.
2 Trade options, (1) trade to resistance & (2) trade the actual breakout.
P/e ratio 47
Average Recommendation: Overweight Average Target Price:$355
20 BUY
02 OVERWEIGHT
12 HOLD
00 SELL
Company profile
Broadcom, Inc. is a global technology company, which designs, develops and supplies semiconductor and infrastructure software solutions. It operates through the following segments: Semiconductor Solutions, Infrastructure Software and IP licensing. The Semiconductor Solutions segment manages movement of data in data center, telecom, enterprise and embedded networking applications. The Infrastructure Software segment provides a portfolio of mainframe, enterprise and storage area networking solutions. The IP licensing segment licenses a portion of its broad IP portfolio. The company was founded in 1961 and is headquartered in San Jose, CA.
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AVGO - WEEK CHART Hi, today we are going to talk about Broadcom and its current landscape.
Broadcom is poised to receive increasing attention from the market as relevant events are taking place. The company's exposure to the 5G and progress on the sector raises Broadcom's potential valuation, despite the company has unveiled a timid forecast for 2020.
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$AVGO Broadcom pre earnings trade setupEntry level $321.58 = Target price $337.68 = Stop loss $318.46
Previous target hit and now ready to break to All time highs
It is expected that a massive buyback will be announced after earnings.
Price action is bullish and sentiment great as the SEMi's signal a turnaround in the world economy.
Broadcom, Inc., is a holding company, which engages in the design, development, and supply of analog and digital semiconductor connectivity solutions. It operates through the following segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial and Other. The Wired Infrastructure segment provides semiconductor solutions for enabling the Set-top Box and broadband access markets. The Wireless Communications segment includes mobile handsets and tablets. The Enterprise Storage segment offers storage products the enable secure movement of digital data to and from host machines such as servers, personal computers, and storage systems to the underlying storage devices. The Industrial and Other segment consists of a variety of products for the general industrial and automotive markets. The company was founded in 1961 and is headquartered in San Jose, CA.
AVGO - DAILY CHARTHi, today we are going to talk about the Broadcom Inc and its current landscape.
Huawei and its suppliers received exciting news, as the U.S. Commerce Department renewed a 90-day period extension, that grants to American companies’ permission to continue to do business with the giant Chinese telecom companies. Commerce Secretary Wilbur Ross's announcement included that the need for extension was also due to the necessity of some rural communities of the Huawei 3G and 4G networks. The extension should keep the supplying chain going, principally of the Americans ones like Broadcom Inc that have its revenues highly exposed to Huawei demand (6% of its revenue, represent by ¥2.09 billons) and have now another quarter of relief from the tension of loose a so significant company like Huawei. The concerning aspect it’s if this extension doesn't lift the results of its supplier on the next quarter, considering that the Chinese company might already be restructuring its supply chain, as the uncertainty created by the ongoing Trade War that ended blacklisting the company on the U.S. The Huawei CEO Ren Zhengfei also already have been clearly vocal that isn't concerned with the U.S decisions and said that Huawei could grow without the U.S markets.
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AVGO - DAILY CHART Hi, today we are going to talk about AVGO
We observe a D1, some important points. The details are highlighted above.
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$AVGO Broadcom breaking out $316 is the next resistance zone for AVGO above which will set a new All time high.
Indicators are getting a little tired and overbought so a pullback very possible.
Volume is great and indicative with a breakout.
AVGO has massive potential and is extremely well diversified as a result of aggressive acquisitions in the past decade.
Broadcom correction possibly completeBullish reversal on all indicators.
Sell side decreasing.
Lower trendline support. Approaching apex.
Elliott wave correction possibly complete.
Price target $322 13% upside to resistance.
Average analysts price target $321
Average analysts recommendation Overweight
P/E ratio 39
Yield 3.77%
Short interest 1.24%
Company profile
Broadcom, Inc., is a holding company, which engages in the design, development, and supply of analog and digital semiconductor connectivity solutions. It operates through the following segments: Wired Infrastructure, Wireless Communications, Enterprise Storage, and Industrial and Other. The Wired Infrastructure segment provides semiconductor solutions for enabling the Set-top Box and broadband access markets. The Wireless Communications segment includes mobile handsets and tablets. The Enterprise Storage segment offers storage products the enable secure movement of digital data to and from host machines such as servers, personal computers, and storage systems to the underlying storage devices. The Industrial and Other segment consists of a variety of products for the general industrial and automotive markets. The company was founded in 1961 and is headquartered in San Jose, CA.