Broadcom - This Chart Is Just Splendid!

29 gen

Broadcom (AVGO) is starting the rejection:



Click chart above to see the detailed analysis👆🏻

For the past decade, Broadcom has been trading in an obvious rising channel formation, perfectly rejecting the upper resistance as well as the lower support trendline. With the recent weakness, Broadcom is now preparing for a clean rejection away from the major reversal area.

Levels to watch: $250, $150

Keep your long term vision,
Philip (BasicTrading)

5 feb

Trade attivo

Trading update on Broadcom (AVGO):



Click chart above to see the detailed analysis👆🏻

After a lot of back and forth lately, Broadcom is now once again retesting the previous psychological all time high resistance area. Since we did not see bearish confirmation on the smaller timeframes yet, there is still the possibility that Broadcom eventually actually breaks higher.

Levels to watch: $250, $150

Keep your long term vision,
Philip (BasicTrading)

13 feb

Trade chiuso: obiettivo raggiunto

Trading update on Broadcom (AVGO):



Click chart above to see the detailed analysis👆🏻

We did not fully see bearish confirmation on the smaller timeframes yet. Therefore Broadcom could still break the confluence of resistance and continue with the parabolic rally, although this is definitely the less likely scenario. We will have clarity in a couple of weeks.

Levels to watch: $250, $150

Keep your long term vision,
Philip (BasicTrading)