AVGO Long Idea
I think this one could go either way, but I like the odds of at least a small bounce here. It hit a major trendline support today and closed slightly below. We also have horizontal support in the area around $143. Semis seem bullish after AMD earnings and this is a major area so I'd expect bulls to defend.
If no bounce and hold of the trendline, I think we'd see $130 in short order.
If no bounce and hold of the trendline, I think we'd see $130 in short order.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.