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Broadcom Inc. Deposito Arg Repr 0.025641 ShBroadcom Inc. Deposito Arg Repr 0.025641 ShBroadcom Inc. Deposito Arg Repr 0.025641 Sh

Broadcom Inc. Deposito Arg Repr 0.025641 Sh

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Broadcom (AVGO) can correct till 206, post that a target of 315 AVGO has completed its lower degree 5 waves and higher degree wave-3. Currently it is correcting in ABC waves. Blue line depicts probable path it may take correcting and then taking turn up towards a target of 315, which completes its higher degree Wave-5 and mostly larger Wave-5(Wave-V). How can one enter ? Wait for price to correct and make a entry pattern(as per Price action and RSI divergence) Exit will be around 315 or any rule based system. When this view will be negated: If daily price closes below 193.25 above view gets negated.
NASDAQ:AVGOLong
by jsgadgil
AVGO -Symmetrical triangle -Daily - Unusual volume **Broadcom Inc. (AVGO)** chart and presents a technical analysis of the stock on a daily timeframe. Key highlights: 1. **Bullish Pattern**: The chart seems to show a series of bullish moves with higher highs and higher lows, which are connected by yellow lines. This pattern may be interpreted as an symmetrical triangle, a bullish continuation pattern. 2. **Breakout**: A breakout is indicated on the right side of the chart, which seems to have occurred on **high volume**, further supporting the bullish momentum. Retested the breakout trendline and bounced. 3. **Measured Move Projection**: The breakout projection indicates a potential price target of **$227.78**, which is calculated from the height of the triangle (about $60.12 from the low). This is approximately **48.25%** higher than the start of the upward move. 4. **Stop-Loss (SL)**: A stop-loss level is mentioned around **$165**, to manage risk in case the breakout fails. 5. **Volume**: A significant increase in volume is noted at the breakout, which adds confidence to the strength of the move. ### Potential Scenario: - If the breakout holds, the target of **$227.78** could be achieved in the next rally. - However, a pullback or consolidation near **$165** could be possible before the price moves higher.
NASDAQ:AVGOLong
by Vem_TA_Charts