AVGO is trading inside a Triangle pattern on a bullish 1D time frame (RSI = 62.459, MACD = 29.570, ADX = 26.143) supported by a HL trendline since October 14th 2022. The way the Triangle breaks to will most likely reveal the next medium term direction. Under it, we will sell and target the 1D MA100 (TP = 760.00) while over it, we will buy and target the 1.5...
Broadcom is amusing itself in the playground consisting of the green zone between $648.08 and $577.41 and has lately been lingering mainly at the 78.60%-retracement at $621.54. However, soon, the share should switch over to the red slide leading below the support at $572.10 and into the lower green zone between $531.78 and $465.02 to finish wave 2 in green. This...
Broadcom - 30d expiry - We look to Buy at 601.11 (stop at 579.11) Price action continues to trade around the all-time highs. Daily signals are bullish. There is no clear indication that the upward move is coming to an end. We look to buy dips. 50 1day EMA is at 600.11. A lower correction is expected. Bespoke support is located at 600. This stock has seen...
AVGO has been in a short-term uptrend. However it looks that the price is approaching the key resistance. We expect that the stock price may decrease in the coming period. Therefore, we recommend taking a short position when and only if the price breaks the upsloping trendline that has been acting as a support. Once the price breaks this support , we can enter...
If you haven`t sold AVGO`s exposure to China: Then looking at the AVGO Broadcom options chain ahead of earnings , i would buy the $515 strike price Calls with 2022-12-16 expiration date for about $7.60 premium. If the options turn out to be profitable Before the earnings release, i would sell at least 50%. Looking forward to read your opinion about it.
Broadcom Intraday - We look to Buy at 457.26 (stop at 435.69) A bullish reverse Head and Shoulders is forming. This is positive for sentiment and the uptrend has potential to return. The measured move target is 512.00. Dip buying offers good risk/reward. Our profit targets will be 510.99 and 530.00 Resistance: 512.00 / 574.00 / 670.00 Support: 450.00 /...
Looking at the AVGO Broadcom options chain, i would buy the $410 strike price Puts with 2022-11-18 expiration date for about $6.00 premium. Looking forward to read your opinion about it.
Advanced Micro Devices Short Term - We look to Buy at 95.03 (stop at 83.57) Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. The trend of higher lows is located at 90.43. This is positive for sentiment and the uptrend has potential to return. We look to buy dips. Further upside is expected. Our profit...
VMware Intraday - We look to Buy at 110.32 (stop at 100.60) This stock has recently been in the news headlines. Broadcom agreed to buy the company for $61B USD. Trading volume is increasing. We look for a temporary move lower. Bespoke support is located at 110.00. Dip buying offers good risk/reward. Our profit targets will be 139.88 and 150.00...
The U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia! This is a move that could have huge impact on American companies. 35% of AVGO Broadcom revenue comes from China. My price targets from AVGO are $460 and $422. Looking forward to read your opinion about this.
Immediate targets 516, 470. Invalidation 778. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels...
A very similar picture to Pfeizer from earlier today. Divergent end of a five Wave move and we won't reiterate further than this. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest,...
When it comes to AVGO , the price is likely to fall because of the weak support areas. Also the price has broken the parallel channel; that means the price’ll fall until it find a support area.So your first target would be the S1; where price got rejected because of the huge demand. If you find this technical analysis useful, please like & share our ideas with...
Broadcom Inc. ( NASDAQ:AVGO ) Sector: Electronic Technology (Semiconductors) Current Price: $558.12 Breakout price: $567.50 Buy Zone (Top/Bottom Range): $555.60-$544.00 Price Target: $614.00-$622.00 Estimated Duration to Target: 55-60d Contract of Interest: $AVGO 1/21/22 560c Trade price as of publish date: $22.25/contract
Earnings on Thursday 9/2. There is a 24 point move priced in. Calls can work over 495. Lotto Trade Idea: 520C
Broadcom has been consolidated in an ascending triangle chart pattern. 2 important points to be considered. 1) There is still some seller to be absorbed at 493. 2) Earning result in Sept We are expecting some surprise of the good result may break out of the chart pattern.
Buy Call $495 Strike 7/23. Price target $503 Sitting above the 200 ma we have parabolic sar showing and a MACD crossed over the Signal Line. Great setup