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AVGO

AVGO Bullish and bearish at the same timeAVGO had an amazing Gap up opening due to fantabulous earnings and guidance related to AI . Looking at historic trend AVGO always fill the gap up openings by bearish moment At this point in time AVGO is in bear trend and looking to fill the gap but we can give AVGO benefit of doubt and it seems like 212 is a very strong support as well Entry advice Buy at 212 or 212 when it bounces off that support Second entry can be at 185 as that is a very strong support and will bounce off from that support level Stop loss 155
NASDAQ:AVGOLong
by vortexTradingSolutions
AVGO 187 AFTER EARNINGS ?Broadcom ( NASDAQ:AVGO ) is setting the stage for a potentially explosive earnings report. With the tech sector, particularly AI, driving growth, here's why NASDAQ:AVGO might just hit $187: Earnings Expectations: Analysts are predicting a revenue of $12.96B for the next quarter, showcasing a significant jump from last year's $8.8B. This growth trajectory is fueled by Broadcom's strategic positioning in AI and enterprise solutions. Market Sentiment: The buzz around NASDAQ:AVGO on X is palpable. From stock split announcements to bullish analyst price targets, the sentiment is overwhelmingly positive. A recent post highlighted a potential for NASDAQ:AVGO to be the next stock hitting $200, given its performance and market conditions. Technical Analysis: The stock's chart shows strong support above key moving averages, suggesting bullish momentum. A break above previous highs could see NASDAQ:AVGO testing new levels, with some even eyeing an all-time high of $184, which could easily extend to $187 with positive earnings news. AI and Market Growth: Broadcom's integration of VMware and its AI segment growth are expected to contribute significantly. With AI markets projected to grow by 40% in 2024, NASDAQ:AVGO 's AI-related revenues could exceed $10 billion this year, up from $4.2 billion in 2023. Price Targets: Rosenblatt's raised price target to $240 from $165 indicates strong confidence in Broadcom's future, driven by AI and enterprise software synergies. CAFE CITY STUDIO NYC 2024
NASDAQ:AVGOLong
by NYRUNSGLOBAL
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Education
by NYRUNSGLOBAL
BROADCOM made a Top on the 2year Channel. Potential danger aheadExactly 1 month ago (November 18, see chart below) we gave the buy signal on Broadcom Inc. (AVGO), which turned out to be a big success as shortly after the stock catapulted past our $223 Target: This time however we share with you an analysis that is calling for profit taking on this amazing rally as technically it is coming to an end. The price hit yesterday the top (Higher Highs trend-line) of the 2-year Channel Up, which has approached another 3 times during that time. As you can see, the pattern's structured Legs and Phases are cyclical and repeat themselves. The current Top seems to be similar to the previous Highs (orange circles) that initiated the re-accumulation phases before resuming the uptrend for the final top (red circles) of the Bullish Leg. Both of those pre-Top Highs (orange circles) and their re-accumulation phases that followed, touched the 1D MA200 (orange trend-line) before the final rally of the Bullish Leg. As a result, we won't turn bullish again on AVGO until it tests the 1D MA200 again, which given the aggression of the recent pump, the pull-back could be equally strong. After the re-accumulation Phase is completed, we will resume our long-term bullish Target of $285.00. That represents a +121.85% rise from the August 05 2024 Low, which is the % rise that both previous Bullish Legs had. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AVGO
by TradingShot
5
Broadcom Inc. (AVGO) Stock Price Soars Nearly 20%Broadcom Inc. (AVGO) Stock Price Soars Nearly 20% The chart shows that at the end of last week, Broadcom Inc. (AVGO) stock price surged nearly 20%, breaking the psychological barrier of $200 per share and pushing the company’s market capitalisation to $1 trillion. Last week, the company released its quarterly earnings report. The actual figures were close to analysts' forecasts — earnings per share of $1.42 vs $1.39 expected and fourth-quarter revenue of $14.05 billion vs $14.07 billion expected. However, the extraordinary rise in stock price was driven by a strong market reaction to the company's optimistic forecast, which is based on robust sales of chips designed for artificial intelligence (AI) applications. Media reports highlight that the company’s revenue growth from the AI boom reached 220% year-over-year, and the total AI chip market could reach approximately $90 billion by 2027. Technical analysis of the AVGO chart indicates the formation of a significant bullish gap: → In 2024, the price formed an ascending channel (shown in blue). Now it is near its upper boundary. → By measuring the width of the range between $139 and $185 to set a target for price movement following its bullish breakout, the level of $233 is obtained. If the bullish momentum continues, the AVGO stock price could rise above the upper boundary of the ascending channel (as it did in mid-June), potentially reaching the specified target. Following this sharp increase, the price might correct, possibly moving toward the area of the bullish gap. According to TipRanks, the average price target for AVGO shares is $229. However, given the information on anticipated future earnings released last Friday, these forecasts may be revised upwards. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:AVGO
by FXOpen
1
$AVGO Possible Bullish setup targeting 195-210-220 Stop 163The stock in conseldation for almost 3 months . 173 is a key point, it can confirm bearish pattern with double tops or conuination for Bullish trend targeting 195-210-220 before next earning. Watching RSI signal if its keep the uptrend. below 173 , we can see 163 as support and can be sto loss for longs before it goes to 50% fib.i will take the idea of adding longs when the stock is red with stop loss at 163 . good luck!
NASDAQ:AVGOLong
by WinnerTrader99
Direxion Semiconductor 3x Bull | SOXL | Long at $30.00So many semiconductor companies... which one to choose? Enter AMEX:SOXL - not for the faint of heart. Losses and gains triple compared to most semiconductor ETFs, so stay away if high-risk plays aren't your thing. The top three holdings are NASDAQ:AMD , NASDAQ:AVGO , and NASDAQ:NVDA - two of which are at all-time highs... I wouldn't be shocked if AMEX:SOXL enters the low $20's to test the base of my historical simple moving average area, but I don't think we are done hearing about AI and the semi demand. There are large gaps to fill above and below the current price and we are at the 50/50 stage (i.e. historical simple moving average zone) for a price move up or down. My bet is up, especially with the new presidential administration. If politicians start dumping semis, I'm out. Thus, at $30.00 AMEX:SOXL is in a personal buy zone. Target #1 = $35 Target #2 = $40 Target #3 = $50 Target #4 = $60
AMEX:SOXLLong
by WorthlessViews
1
$SOXL Inverted Cup and Handlel (SELL NOW!)Grasping chart patterns is essential for market participants. This article explores the inverted cup and handle formation, a bearish signal that suggests potential downward movement. The inverted cup and handle, also known as an upside-down cup and handle pattern, is a bearish chart pattern that can appear in both uptrends and downtrends. It is the reverse of the traditional bullish cup and handle pattern. The inverted formation consists of two main components: the "cup," an inverted U-shape, and the "handle," a small upward retracement following the cup. SELL NASDAQ:NVDA AMEX:SOXL NASDAQ:AMD NASDAQ:AVGO NASDAQ:QCOM NASDAQ:MRVL NASDAQ:MU $TXN. Lets BUY it again WHEN IT'S LOW guys. Mark my word
AMEX:SOXLShort
by sej4974
3
OH NO! $SOXS is primed for a significant rise.The concept of a multiple bottom suggests that the stock has already experienced a significant decline, creating a buying opportunity at a lower price over time. Plus, Trump is coming= BYE semidocutor stocks! Stricter trade policies and tariffs on imported semiconductors could disrupt global supply chains, leading to higher costs and potential shortages. During his previous presidency, Trump focused on "America First" policies, which included promoting domestic manufacturing and reducing reliance on foreign supply chains Additionally, there were concerns about the potential mismanagement of federal initiatives like the CHIPS and Science Act, which aimed to boost domestic semiconductor manufacturing. AMEX:SOXL , NASDAQ:NVDA , NASDAQ:AMD , NASDAQ:AVGO , NASDAQ:QCOM : Sell now to take the profit. IT'S COMING
AMEX:SOXSLong
by sej4974
BROADCOM Best buy opportunity since September for $223.Broadcom Inc. (AVGO) hit its 1D MA100 (green trend-line) on Friday for the first time in more than 2 months (since September 11). This is the best buy opportunity since then as the dominant pattern remains the Bullish Megaphone. On top of that, it appears that we are currently within a Bull Flag, similar to the one that was completed when the 1D MA100 was hit and held last time on April 19 2024. The 1D RSI sequences between the two fractals are also very similar. That Flag initiated a price rebound above the 2.5 Fibonacci extension. As a result, we turn bullish on AVGO again, targeting $223.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:AVGOLong
by TradingShot
3
$AVGO PRE-EARNINGS DIP BUY Broadcom ( NASDAQ:AVGO ) has an upcoming earnings report scheduled for Dec.5 This also happens to be a stock that investment power house Nancy Pelosi is currently holding a position in and with the rise of similar stock $NVDIA earlier today, I suspect NASDAQ:AVGO to have enough catalyst fuel to power this Daily time frame dip buy opportunity off of the 22EMA. I plan on entering this position tomorrow IF NASDAQ:AVGO goes green on the daily time frame AFTER a bearish start to the morning to take out any left over liquidity (previous-day lows, post-market lows, pre-market lows) and I plan to hold this buy position anywhere between 1-4 weeks depending on how the daily time frame CLOSES along the way... No Price targets.
NASDAQ:AVGOLong
by CJITM
Broadcom: Bullish Comeback!The downtrend that began in early October was recently broken as AVGO surged by 10% at the start of the month. We still see the stock in an overarching corrective movement, with the last cycle top marked in June 2024 by the peak of the blue wave I. Primarily, we anticipate a three-wave structure to unfold in the ongoing blue wave II. The beige wave B should have sufficient upward momentum to push up to the resistance level at $211.94. Afterward, the final sell-off of wave C should unfold. Our 30% likely alternative scenario, however, suggests a different wave count and a premature downward move below $126.04. In either case, we expect a new low of the blue wave II.
NASDAQ:AVGO
by MarketIntel
AVGO: This pullback is a buy opportunity.Broadcom is bullish on its 1D technical outlook (RSI = 59.908, MACD = 4.100, ADX = 23.045) as it remains near its All Time High. However it is consolidating as the 1D MA50 is holding. As long as the 1D MA200 supports on the bottom of the long term Channel Up, the long term action is bullish. Aim for at least a +122% rise (TP = 285). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:AVGOLong
by InvestingScope
Technical Analysis of Broadcom Inc (AVGO)The stock ( AVGO ) is in a long- and medium-term uptrend. In the short term, it is undergoing a retracement phase, having been rejected twice by the POC 1, which reflects the volume area starting from November 2023, when the latest uptrend began. After the second rejection from POC 1, which confirms its strength, the price is heading towards the $171 area, corresponding to a second volume zone, POC 2. This area acts as resistance, having already rejected the stock once, and we will see if it holds again. To summarize, in the short term, the stock is retracing, using POC 1 as support and POC 2 as resistance. This phase has resulted in lower highs and higher lows, forming a pattern known as a symmetrical triangle. The symmetrical triangle is generally considered a continuation pattern, meaning that the breakout often (but not always) occurs in the direction of the trend prior to the triangle's formation. However, it can also signal a consolidation phase or market indecision. Interpretation: Bullish Scenario: If the price breaks the resistance (the descending trendline of lower highs) and moves above POC 2, this would be a bullish signal. Bearish Scenario: Conversely, if the price breaks the support (the ascending trendline of higher lows) and moves below POC 1, this would be a bearish signal. It is important to confirm the breakout with an increase in volume, as a breakout without strong volume may indicate a false signal.
NASDAQ:AVGO
by Giovanni_Bandini