Teabo

AVGO rebounding big time

Long
NASDAQ:AVGO   Broadcom Inc.
Alongside 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.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.