Broadcom - Please short this stock now!

Oct 14

🔒Broadcom (AVGO) just ended its rally:

🔎Analysis summary:

Over the course of the past couple of months, Broadcom has been rallying substantially. But considering that Broadcom is now retesting the rising channel resistance, a retracement becomes more and more likely. We just have to wait for bearish confirmation.

📝Levels to watch:

$350 and $240

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

Oct 22

Trade active

🔒Broadcom (AVGO) is reversing right now:

🔎Analysis summary:

After an incredible rally of about +125%, Broadcom is now showing some very expected weakness. In fact, it is now quite likely that Broadcom will start its overall correction with a potential -30% target. We just have to see bearish confirmation soon.

📝Levels to watch:

$350 and $240

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION

Oct 29

Trade closed: target reached

🔒Broadcom (AVGO) retests massive resistance:

🔎Analysis summary:

Broadcom still did not manage to create any bearish confirmation on the smaller timeframes. Instead we are now seeing the creation of new all time highs. We will see a pullback in the near future, but first this rally has to end with very bearish price action.

📝Levels to watch:

$350 and $240

SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION