Broadcom Inc. (AVGO): Bearish Momentum Near Resistance
🔥 Potential Price Targets (Next Month):
🩸 Near-term Goal: $220.00
🩸 Long-term Goal: $215.00
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $231.20, targeting $240.00 and $250.00. Bullish confirmation needed with stronger volume.
🩸 Short: Below $229.31, aiming for $220.00 and $215.00. Weak MACD and declining volume suggest a bearish continuation.
🔥 LucanInvestor’s Commands:
🩸 Resistance: $231.20 – A breakout is unlikely without strong buying pressure.
🩸 Support: $229.31 – A breakdown could confirm further downside toward $220.00.
Analysis:
Broadcom faces mounting bearish pressure near $231.20. With MACD signaling weakness and volume declining, traders should be cautious of a potential breakdown below $229.31. Watch for downside opportunities if support fails.
👑 "The market rewards clarity, not hesitation." — LucanInvestor
🩸 Near-term Goal: $220.00
🩸 Long-term Goal: $215.00
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $231.20, targeting $240.00 and $250.00. Bullish confirmation needed with stronger volume.
🩸 Short: Below $229.31, aiming for $220.00 and $215.00. Weak MACD and declining volume suggest a bearish continuation.
🔥 LucanInvestor’s Commands:
🩸 Resistance: $231.20 – A breakout is unlikely without strong buying pressure.
🩸 Support: $229.31 – A breakdown could confirm further downside toward $220.00.
Analysis:
Broadcom faces mounting bearish pressure near $231.20. With MACD signaling weakness and volume declining, traders should be cautious of a potential breakdown below $229.31. Watch for downside opportunities if support fails.
👑 "The market rewards clarity, not hesitation." — LucanInvestor
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