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
AVGO trade ideas
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
Trade IdeaBuying today reminds me of MLM a few weeks ago. Interested to see how this plays out. WIll likely retest breakout point if I had to guess
Neutral Trade IdeaUpdating a recent idea I posted on AVGO here.
Not too sure on the RSI trendline strength for this one
AVGO Support + TrendlineAVGO closed with an inverted hammer in a support and a trendline.
KL: 244.60
SL: 238.70
TP: 258.5
$AVGO Breakout Setup ---6/10--- Has to clear orange resistance bar first. CLearing the 61.8 RSI level is another hurdle for this one. Not too bullish on. I will not take this trade
AVGO still a good playAvgo fell after I initially started watching it, I believe this was profit taking after the dividend period. However, price seems to be resting on a support line for now so I'm going to continue watching this. The arrows I drew more or less represent the price action that I'm expecting.
AVGO likely to bounceAVGO getting heavy volume on the bottom of its upward channel. I'll be a buyer above the top of this triangle in price and I'll reassess around $260. If it breaks into $260/all-time-highs it'll likely be good for much, much more. There is a line of resistance on both the RSI and MacD indicators that will be very important to watch, a break to the upside on either of these is a very bullish signal. Analysts seem very bullish on this ticker as well.
AVGO- H&S formation short at the break of $234.87 & 223.23 AVGO is breaking down from a H&S formation. Moneyflow is going down sharp. It looks pretty good quick short setup.
* Trade Criteria *
Date First Found- June 27, 2017
Pattern/Why- H&S formation
Entry Target Criteria- Break of $234.87
Exit Target Criteria- $223.23
Stop Loss Criteria- $241.23
Please check back for Trade updates. (Note: Trade update is little delayed here.)
