AVGO is having some volume today Friday. its currently above the 256.62 daily pivot that i have drawn. For a Short it needs to get below this pivot and make lower lows and lower highs. For a Long it needs a lot more work but it can get above its 200 SMA (brown color) and go up to its 20 EMA (green) that's about 15 points range. However its a lower probability trade as the Daily Chart shows AVGO making a lower high and a lower low candle stick pattern, basically the Daily chart is showing more weakness (bearish) than strength (bullish). A short is a more high probability trade than a long. The market (SPY) needs to be in alignment for this trade to work.