AVGO – All-Time High Breakout with Flag Pattern Trigger

5 giorni fa

Broadcom (AVGO) is breaking out of an 11-day consolidation flag, pushing through the trendline and into all-time highs — a textbook momentum setup.

🔹 Flag Pattern Breakout

After a strong run, AVGO spent 11 days chopping in a tight flag just under highs.

Today, we’re seeing a clean trendline break, signaling the start of a potential fresh leg higher.

ATH breakout + flag pattern = momentum trader’s dream.

🔹 My Trade Plan:
1️⃣ Entry: Long on the flag breakout and trendline break.
2️⃣ Risk Level: Stop is down at $247, just under the consolidation base.
3️⃣ Target: Riding the trend — trailing stop strategy once price confirms above highs.

Why I Like This Setup:

Strong consolidation near highs = no weakness.

Breakout is happening with clean structure and clear volume pickup.

AVGO is a leader name — when it goes, it goes.

3 giorni fa

Trade chiuso: stop raggiunto

Sold this 247 as it broke under 20sma looks like some news got out.