Short term there's a chance to break the current support to the downside but I think the price will follow technical upside direction in a few weeks or months.
Just my view that I've been watching for a while. So far, extensions are being hit... and I think $1200 is likely.
2024 LEAPS expire on Friday 1/19/24. AAPL Put Volume Total 255,134 Call Volume Total 289,493 Put/Call Volume Ratio 0.88 Put Open Interest Total 1,014,049 Call Open Interest Total 1,263,940 Put/Call Open Interest Ratio 0.80 MSFT Put Volume Total 70,166 Call Volume Total 203,048 Put/Call Volume Ratio 0.35 Put Open Interest Total 536,269 Call Open Interest Total...
Really nice bullish setup here on AVGO with possibly Cup & Handle forming - hoping we see some consolidation in the form of a high and tight handle and then are able to break the 1002 level with some gusto. ADD IT TO YOUR WATCHLIST!
"(What goes up must come down some how)" Will let see it for real But we must watch the red leves (targets and support) and when the correction start we also must consider the 0.5 and 0.618 retracment As always wish me luck Good luck to me 😁 Please not financial advice
Strategy to scan AVGO peak first, take profits and collect low prices. After the financial report of avgo stock, the stock value increased to the highest ever from 911 to 1099, I predict that AVGO will have a scenario of sweeping the top to create a target price of 200, from 911 to 1111, then down back to the starting place
Broadcom Inc is overbought on the 1D technical outlook (RSI = 75.003, MACD = 23.960, ADX = 31.411) but on the long term it is only testing the middle of the 1 year Channel Up pattern. This recent rally was initiated after the 1D MA50 held on December 6th. If the middle of the Channel Up breaks, we will go long and target the top (TP = 1,300) as it could be a...
We see a 50% retracement of the impulse. If the trend line is broken, we look for opportunities to open a LONG position.
Price Momentum AVGO is trading near the top of its 52-week range and above its 200-day simple moving average. The 50-day Moving Average is above the 200-day moving average meaning NASDAQ:AVGO may continue its Bullish Trend. NASDAQ:AVGO 's 50-day moving Average crosses the 100-day Moving Average indicating a partial "Golden Cross". Investors have been pushing...
The feds Balance sheet reduced from $7.96 Trillion to $7.73 Trillion This is the largest reduction in the balance sheet since September 1st 2023.
Shares in Broadcom Inc (symbol ‘AVGO’) have moved up so far this month with higher momentum to reach an all-time high of $999.50 on 20 November. The focus on AI has been very positive for this share, with the price having gained around 80% since the beginning of the year. Broadcom’s earnings report for the financial quarter ending in October is expected on...
Broadcom (AVGO.O) closed its $69 billion acquisition of cloud-computing firm VMware (VMW.N) after receiving regulatory approval in last major market China and ending a months-long saga. The deal, one of the biggest globally when announced in May 2022, was the latest in CEO Hock Tan's efforts to boost the chipmaker's software business. However, the transaction...
The major indices have outperformed over the last couple weeks. Shorts and put skews are at all time lows. No downside protection is being bought at this time. Are stocks going to the moon again?
A pull back to the orange line will be my buying opportunity, break below and confirm stop out. The mention of a "Bull Flag breakout" in relation to NASDAQ:AVGO (Broadcom Inc.) suggests a specific pattern in technical analysis that indicates potential bullish momentum. Here's a breakdown of what this means: 1. **Bull Flag Pattern**: This is a continuation...
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Product and Market Overview: Broadcom offers semiconductor devices with applications across various industries. Headquartered in San Jose, California, specializing in mixed signal and analog III-V based products. Financial Performance and Growth (2018-2022): Revenue Growth: Consistent increase from $20.8 billion (2018) to $33.2 billion (2022). Net...
Broadcom is challenging the upper boundary of a well-defined rectangle. Rectangles narrower than 15% of the underlying value of the asset is my absolute favorite pattern.