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.
AVGO trade ideas
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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
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.
