i like AVGO they beat earnings and this this is pleading to breakout and if it does a big move will come from it i think $500 would just be the start
calm good pattern
wanna see at least $500 then I think fair value is $550ish
AVGO34 trade ideas
RectangleAvgo appears to be trading in a rectangle. The top trendline is resistance and the bottom trendline is support, until the rectangle is broken with an obvious trend in place in that direction. Rectangles are a horizontal trading zone and are neutral until broken.
Some swing trade inside using MR (Mid rectangle) as a stop. This can be a risky trade as you never know when the rectangle will be broken.
Negative volume is high showing smart money interest and short interest is low.
There is a piercing candle pattern when AVGO neared the bottom trendline. This is a bullish 2 candle pattern that begins with a red candle while price is trending down. It is followed by a green candle that opens below the preceding red candle and closes between the mid point of the red body and the open of the red candle (the top si the open of a red candle and the bottom is the open of a green candle)
No recommendation.
Broadcom back up againAfter a period of latelarità the title $AVGO seems to want to return to climb,
says my adviosr Marketmiracle that sent last night a purchase signal on Broadcom at a price of 459.32 USD with a target of 512.29 or a potential profit of 11.53%, really not bad.
Analyzing the title graphically it seems actually the construction of a head shoulders overturned for which the premises there are, it will be to see if this will actually be realized.
Let’s enjoy the show...
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
AVGO oh noAVGO has to keep this support zone otherwise it'll fall further, after bouncing between two resistance bands that it couldn't beat.
MATRIX portfolio AVGO/USD : Smart money levels No description needed.
I just spot where the value should be or where are the levels smart-money and institutionals traders and investors look for buy entry's, according to Fibonacci retracements.
NOT FINANCIAL ADVICE
MORPHEUS.
Clear uptrend Signal on AVGOHello traders,
this time we found a Long signal for AVGO with an awesome risk reward ratio. Stock market is on a bullish uptrend and even the fundamentals are positive.
TP: around 490
SL: without, or 451
RRR: 3.4
Happy trading !
Broadcom Inc. (AVGO) This equity very interesting, but the investor need a little of faith to buy at this price. The trendline is very strong and the company is pegged to mirror the broader market for the year ahead. AVGO offer a total-return potential for the middecade. IT customers will likely seek to expand their budgets. Finally, we look for prior acquisitions, namely Symantec and CA Technologies, to gain added traction over future quarters.
Total net profit (2020) 2.9 B.
Total net profit (2021) est. 5.50 B.
Total debt 42.0 B
AVGO - STOCKS - 12. APR. 2021Welcome to our weekly trade setup ( AVGO )!
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4 HOUR
Overall bullish market scenario.
DAILY
Closure and break above previous resistance.
WEEKLY
Expecting more upside price action.
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STOCKS SETUP
BUY AVGO
ENTRY LEVEL @ 480.00
SL @ 450.24
TP @ Open
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
AVGO > 490Gameplan:
Ticker: AVGO
Sector: Technology / Semiconductors
Average Beta: 0.99
Set up: Wedge Breakout
Entry Price: 490.21 (50%) 495.21 (Add other 50%)
Stop Loss: 477.39
Price Target: 550+
Scale in/out: Will scale in with a feeler at this level about half-size incase I get stopped out I can re-enter at another level. Will scale out 1/3 off of momentum to pay for the trade and give the rest towards trailing and the proper stop.
Will you trail: Will trail with previous day LOD
Next Earnings: June 10th 2021
Previous Earnings: March 4th 2021
ATR: 15.61
ATV: 2.23 Million
Spread: 0.50 - 1.00
Support: 477.50
Resistance: 495, 500, Phycological Figures
Key Levels: 477.50, 495, 500, Phycological Figures
Short Interest: 1.22%
I love this setup, because of its formation and especially the tight entry.. Its stop is right below the pivot and has been consolidating throughout this whole week around this level. This trade has so much potential to the upside and with the market and highs along with all the other catalysts such as the semi-conductors performing well these past months.. there is too much room to grow in this trade but with the level being to tight and the ATR being capable of stopping us out day 1, it is best to grab a feeler and to add to the core position above 495 to prepare for the bigger move.
On the downside there really isn't too many major flaws expect for it consolidation period being fairly quick for an average beta name.. otherwise there isn't any cons about this setup.
AVGO heading upAVGO retested support once more and bounced, and this time also coupled by regaining long-term trend and it's 50 day average.
WIll likely see selling pressure at two zones as indicated by red bars:
Potential long entry on AVGO 15 mins. Target 1: 467.82Potential long entry on AVGO 15 mins. Target 1: 467.82
AVGO: Cycle Completion?I've been watching semiconductor stocks for sometime now and I've come to the conclusion that the sector is in a large cycle that is nearing completion. Doing a deeper dive I came across Broadcom and found that the cycle fit the wave pattern almost perfectly. Additionally, there seems to be an inverse head and shoulders on the lower timeframe. With this in mind, I think a long-term short on Broadcom at this level could lead to some considerable gains. Risky play since semiconductor stocks sometime run like wildfire but I will likely be entering a position if there is no neckline break and selling momentum from this morning continues.
AVGO🌦More LDCs on tech stocks. This reinforces my hypothesis about markets being green next week.
Prepare for the big long!
Intermarket analysis👇
AVGO rebounding big timeAlongside a few other traders, eyed up the potential chart pattern of inverse H&S forming but, didn't quite get there with the market pulling tech a different direction after the Fed testimony.
My concern was the breakdown through the green trendline that extends back from March 2020 lows on Wednesday but yesterday was good, and today... well what a day, bounced so clearly and strongly off that support level - this definitely hasn't lost it's bullish nature.
Long and strong with AVGO.
AVGO (Broadcom) largest intraday volume in two yearsSomeone is really interested in Broadcom (semiconductors)
I'm still uncertain about the market trend, looks bearish to me so we have to be carefull.
Avgo Inverted H&SGetting Added to the S&P Monday. One of the best semi conductors stocks I've traded last year.
Has been getting rejected from the yellow trendline since feb12th and has now formed a inverted H&S. This stock follows the Nasdaq closely and if you look at a Chart of the QQQ you'll see the same Inverted H&S forming. With that being said alot depends on how the Nasdaq responds to any moves in bond yields.
Broke above their split channel (Redline) on Friday. I'll be looking for an entry above 486 with 495 and 515 my fib targets.
You can see the pattern forming in the RSI
$AVGO with a bullish outlook following its earnings #Stocks The PEAD projected a bullish outlook for $AVGO after positive over reaction following its earnings release placing the stock in Drift B
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AVGO (NASDAQ) - Prepare buy if break upGreetings
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Strategy
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AVGO (NASDAQ) - Prepare buy if break up
