Broadcom Inc.Long
AVGO Long Idea
Technological stock AVGO goes down and this is opportunity for LONG position.
The analysis based on Bollinger Bands (21,2) and RSI (30,70). We can see at 258$ the BB breakout when the RSI indicate to wait for more drop down.
Together with support trend line it's yield a strong buy at 254$.
Two scenarios are possible, the stock still goes down below 254$ , then RSI ALGO (8,65,35) will indicate the time to buy, otherwise the stock will start go up immediately to 278.02$ . This idea should not be considered a buy or sell recommendation.
AVGO goes down and this is opportunity for LONG position.The analysis based on Bollinger Bands (21,2) and RSI (30,70). We can see at 258$ the BB breakout when the RSI indicate to wait for more drop down.
Together with support trend line it's yield a strong buy at 254$.
Two scenarios are possible, the stock still goes down below 254$ , then RSI ALGO (8,65,35) will indicate the time to buy, otherwise the stock will start go up immediately to 278.02$ . This idea should not be considered a buy or sell recommendation.
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