It looks like this boy is a bit overheated. Don't think it goes straight down but rangebound between 650-680 by EOY.
- NVDA potential 4h Head and shoulders 400 is key resistance zone - AVGO slight beat red after earnings due to it running too much into earnings - SPY rising wedge pattern breaking soon - QQQ potentially confirming a daily bull flag if we break the high of Tuesday.
Broadcom (AVGO) Q2 earnings are today 6/1/23 at 4:15pm. Broadcom (AVGO) reported Q1 January 2023 earnings of 10.33 per share on revenue of 8.9 billion. The consensus earnings estimate was 10.11 per share on revenue of 8.9 billion. Revenue grew 15.7% on a year-over-year basis. "Consolidated revenue grew 16% year-over-year to 8.9 billion and adjusted EBITDA margin...
- NVDA closed right at support very likely testing it again tomorrow morning. - Nvidia does not have a lot of support in the gap zone so potentially more sell off if we do get into the zone. - SPY rising wedge pattern is still in play. - QQQ daily consolidation is still healthy havnt even pull back to 0.382 yet which potentially can still be a daily bull flag....
The chart posted is what I would call a repeat of the saying in april 2000 .We are in a NEW PARADINE .From a candle stick view most could be like the run up in Gme
How to trade symmetrical triangle patterns with entries and stop levels.
- AVGO shows strong development within a rising trend channel in the medium long term. - The price has broken the resistance at 633 of a rectangle pattern, which signals a further rise. - The stock is testing resistance at 640. - This could give a negative reaction, but an upward breakthrough of 640 means a positive signal. - Overall assessed as technically...
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...
Stock price had a good run, and now is hitting a strong resistance. Price has been rejected multiple times and is getting weaker. I think is going to drop to the strong support level at HKEX:580 before trying another poke to the HKEX:645 strong resistance level.
Price broke out the bullish flag, wait for a retest of the $518 support level, it's already to extended to jump in. If it doesn't retest and keeps going up, the trade is null.
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...
This rising wedge is getting tighter and tighter. It does favor a break lower as it approaches the apex of the triangle. The short trade setup may coincide with a hit of the double top and top of the rising wedge. Some distribution is clearly occurring near these levels.
Long-term this champion looks in need of a much needed respite from all of its journeys northbound. It still appears to have some energy left in the tanks, so another higher high is not out of the cards. IMO this has the look of a titan that will likely shift focus to acquiring more vertical integration type of companies, hence capping upside potential. If a new...
Avgo interesting here post earnings gap up above avwap from the recent swing high and above Vwap from the swing low before the gap
The PEAD projected a bullish outlook for $AVGO after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 87.5%.
Broadcom Inc. (symbol ‘AVGO’) share price has performed very well in the last quarter of the year and also into the new year so far with a minor correction happening in the last 3 sessions. After an overall hard year the company managed to gain most of its losses back and is looking strong in the near short run. The company’s earnings report for the fiscal quarter...