H&S ON AGCOLooks like a Head and Shoulder pattern forming on AGCO. If neckline is broken, and breakout is confirmed, price target will be 165.
AVGO trade ideas
AVGO ShortAVGO, after forming a 4 month flat base last year, broke out on big volume . After reaching its peak around 285, it's been struggling for 2 months, coming back to the breakout level. Then it finally gave up and plunged through the breakout level on big volume . After coming back from the bottom of the previous base (on really low volume ), it tried to break out again, but failed on a huge volume , falling back to the same level, which acts as a neckline in the forming head & shoulders pattern. It had 2 attempts to break above the 200 day MA, both resulting in failure. It will probably consolidate between the neckline and the Moving Averages for a while, but when it breaks the Neckline, it is clearly going to be in a downtrend.
Silver Lake Green LightIts go time for long positions on AVGO! SilverLake Investments (global leader in tech investments) just purchased $85 million of open market shares.
The trend line says it all. AVGO is a money making machine. Not to mention AVGO is likely going to make another pass at QCOM now that its in the crossfire of the US-China trade war. If they aren't able to acquire QCOM they will buy another (smaller) company.
AVGO price target of $325
AVGO Insider TradingInsiders purchased shares worth $85 million dollars. Some analysts are also recommending this stock.
Broadcom - Price correctionFrom market analysis the price for this Stock - Broadcom - seems it has reached it highest point last December and now is in a correction phase, Elliot wave ABC. Today it has opened with a price GAP which in my analysis seems it is a continuation gap which occurs in the middle of the trend in this case: downtrend.
In my opinion go short and target would be in the are of previous low; 228.
*** This is not an investment advice ***
AVGO Detected possible stock repurchase!!!AVGO: broadcom ltd
2018-04-12 16:02:02
Detected possible stock repurchase
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.
Have a Good Trading Week,
Learn how to beat the market as Professional Trader with an ex-insider!
Cream Live Trading, Best Regards!
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!
