I wrote about this in another post, but the chart is easier to see in this one. The cup and handle pattern on AVGO looks nearly complete on the hourly. Looking at the fib retracement, the bottom of the cup bounces nicely off of the 0.5 line, bouncing off of resistance at the 0.786, and the handle seems to be making it's way back up today. If we can get past the...
Looks like a cup and handle pattern is forming nicely on the hourly chart ahead of the Broadcom stock split. I can’t help but feel like we’re getting close to a top within the tech sector, but the momentum is still there driving this stock higher, and NVDA has shown us that a 30% boost post-split is very possible.