AVGO Detected possible stock repurchase!!!AVGO: broadcom ltd
2018-04-12 16:02:02
Detected possible stock repurchase
AVGO trade ideas
Broadcom soon to riseThe pink line represents long term trend and the green one a resistance that, if crossed, can signal a bullish trend. Moreover, the company just moved its fiscal domicile a few days ago to the US, so a new attempt of taking over Qualcomm is likely (this time it won't encounter president Trump's opposition).
Feel free to comment and share your opinion.
Broadcom covering the GapAVGO covering the gap. Target around 251.93. Second one at 237.37.
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BROADCOM Long Opportunity CHART TIMEFRAME: DAILY
PATTERN : BROADENING WEDGE
Details as described on the chart.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
AVGO BROADCOM LTD Buy Opportunity Broadening Wedge B.W. broken.
Targets of the formation are described on the chart
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Qualcomm meets Broadcom to discuss $121 billion acquisitQualcomm meets Broadcom to discuss $121 billion acquisition offer
AVGO nice set up but needs to confirmAVGO nice recovery along with AAPL today. right into resistance price and then trend line. Keep watching.
AVGO gartley patter completion, likely see a bounce back to 265NASDAQ:AVGO completed gartley pattern. likely see a bounce back toward 265. 600 July 270 calls were bought today at 11.8. Earnings on 02/28
AVGO great R/R to go long1. 4Hour oversold signal (in the past 1 year have seen a 10-15 point run higher before reversing)
2. Undercut and bounce at 200dma
3. Hammer at 200dma (will need confirmation on Monday)
4. Convergence of couple of trendlines support.
Good R/R to long with a stop under yesterday's lod at 245.
AVGO Nearing Demand ZoneNice fresh demand zone here on the 60min chart. Cautious about AVGO being in a strong down trend on higher time frames though. This move offers about a 7:1 reward to risk so I'm still interested with a slightly smaller position size.
Confidence in the semi-conductor industry thanks to the blockchain boom, regardless of whether this zone holds or not. Let's see what happens!
Sitting at former resistanceTechnical analysis sometimes can help you fine tuning an entry when looking to pull the trigger on a trade. I'm bullish on this stock, and now it's sitting around $255 which is a former resistance; hopefully it will hold as a support.
Bull Flag Set Up-Become a member for more great picksLook for $AVGO to find support as its current price is just above its 50 DMA and coincides with its 50% Fib retracement. We like higher levels from here. @classicoptions
Bull flag break on the daily $AVGO $SOXX $SOXLEntry 270.25, Stop 265.59, Target 284.84. If stop breaks, re-enter at LT support $259
