BROADCOM INC DAILY ANALYSISHi friends
The daily chart of this market shows with a high probability that it will experience a bullish trend but at the same time we must be vigilant of the change of the direction of the market.
AVGO trade ideas
$AVGO Broadcom Running hard into earnings
The SMH could get a nice pump or a dump this evening as AVGO reports results.
Has historically been a very difficult stock to gauge going into earnings as they often low-ball and undersell performance.
Will await for the report and wait for a possible move to ATH
AVGO - WEEK CHART Hi, today we are going to talk about Broadcom and its current landscape.
Broadcom is poised to receive increasing attention from the market as relevant events are taking place. The company's exposure to the 5G and progress on the sector raises Broadcom's potential valuation, despite the company has unveiled a timid forecast for 2020.
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Broadcom - AVGO Technical AnalysisThe market is Bullish.
The idea is to go long following the major trend and hope that the Earning report due on Thursday will bring positive news.
Fundamental Analysis:
The company will report its fiscal Q2 2020 earnings after the market closes on Thursday. Analysts are expecting $5.14 a share profit with the projected sales of $5.69 billion.
BUY of BROADCOM 15 MnHey traders, **DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. BROADCOM is in a very important moment, it is plausible to see a pull back but that will not really change its rise.
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AVGO Long IdeaTechnological stock NASDAQ:AVGO goes down and this is opportunity for LONG position.
The analysis based on Bollinger Bands (21,2) and RSI (30,70). We can see at 258$ the BB breakout when the RSI indicate to wait for more drop down.
Together with support trend line it's yield a strong buy at 254$.
Two scenarios are possible, the stock still goes down below 254$ , then RSI ALGO (8,65,35) will indicate the time to buy, otherwise the stock will start go up immediately to 278.02$ . This idea should not be considered a buy or sell recommendation.
AVGO Short term analysisAVGO, solid company, great future outlook. Look for a break through resistance at $243.94 before you jump in on this stock. It has been rejected twice so far in the last month at $243.94. Tons of room to grow when it breaks through, next stop is at $263.17 (7.88% increase)
White Lines indicate resistance levels
LONG BULLISH Daily and weekly charts looking pretty bullish. Using modified pitchfork from highs and lows you can predict the reversal candle. Take a look, I started with candle 1,2,3 and you can see centerline crosses candle 4 which is the reversal candle. Continuing with 2,3,4 you'll see the centerline hits reversal candle 6. Now 4,5,6 combined (pitchfork&modified schiff) centerline crosses the price rejection $331.20ish (rejected twice) with the support of recent agreements with Apple, I suspect this will go over $326 this week and will finally break the resistance prior pullbacks.
Broadcom Breakout AlertPossible breakout opportunity in AVGO.
2 Trade options, (1) trade to resistance & (2) trade the actual breakout.
P/e ratio 47
Average Recommendation: Overweight Average Target Price:$355
20 BUY
02 OVERWEIGHT
12 HOLD
00 SELL
Company profile
Broadcom, Inc. is a global technology company, which designs, develops and supplies semiconductor and infrastructure software solutions. It operates through the following segments: Semiconductor Solutions, Infrastructure Software and IP licensing. The Semiconductor Solutions segment manages movement of data in data center, telecom, enterprise and embedded networking applications. The Infrastructure Software segment provides a portfolio of mainframe, enterprise and storage area networking solutions. The IP licensing segment licenses a portion of its broad IP portfolio. The company was founded in 1961 and is headquartered in San Jose, CA.
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