AVGO exposure to ChinaThe U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
35% of AVGO Broadcom revenue comes from China.
My price targets from AVGO are $460 and $422.
Looking forward to read your opinion about this.
Broadcom
Broadcom Inc broadly dropping South. AVGOImmediate targets 516, 470. Invalidation 778.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe
Broadcom Inc is About to Dive. AVGOA very similar picture to Pfeizer from earlier today. Divergent end of a five Wave move and we won't reiterate further than this.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
AVGO | Bearish trend started. Go Short!When it comes to AVGO , the price is likely to fall because of the weak support areas. Also the price has broken the parallel channel; that means the price’ll fall until it find a support area.So your first target would be the S1; where price got rejected because of the huge demand.
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This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
12/5/21 AVGOBroadcom Inc. ( NASDAQ:AVGO )
Sector: Electronic Technology (Semiconductors)
Current Price: $558.12
Breakout price: $567.50
Buy Zone (Top/Bottom Range): $555.60-$544.00
Price Target: $614.00-$622.00
Estimated Duration to Target: 55-60d
Contract of Interest: $AVGO 1/21/22 560c
Trade price as of publish date: $22.25/contract
Broadcom (Nasdaq: AVGO) Technology | SemiconductorBroadcom has been consolidated in an ascending triangle chart pattern.
2 important points to be considered.
1) There is still some seller to be absorbed at 493.
2) Earning result in Sept
We are expecting some surprise of the good result may break out of the chart pattern.
Broadcom back up againAfter a period of latelarità the title $AVGO seems to want to return to climb,
says my adviosr Marketmiracle that sent last night a purchase signal on Broadcom at a price of 459.32 USD with a target of 512.29 or a potential profit of 11.53%, really not bad.
Analyzing the title graphically it seems actually the construction of a head shoulders overturned for which the premises there are, it will be to see if this will actually be realized.
Let’s enjoy the show...
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
$AVGO finds a FORK on the FIBO roadBroadcom comes to an interesting fork on the road.
Friday, like many semi's, was breaking down from it's upward trend.
I'd like to see it bounce off of FIBO retracement and continue going up. Buy signal with 8 confirmations should pop up.
If it breaks support, I see it going all the way down to 420--hopefully I'm so wrong!
The good news is that POC is around the 418-422 range, so it'll take some major new event to break further down.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
Broadcom Should Break Out SoonNASDAQ:AVGO is repeating the same pattern from 2 months ago before it broke out. Look for entries near trend line supports or on a break out. Support and resistance levels are clearly marked via the trend lines. Also, when the ADX crosses bullish it will be an extra long indicator.
Triple Top Pattern Has Formed For Broadcom Inc (AVGO)After much V-shape recovery in the technology sector, the price of Broadcom Inc has currently reached a very strong resistance level (triple top pattern). The price is stubborn to break the 332 level. if there is no breakout beyond this point, I believe we should SHORT this stock to the 38% of Fibonacci level.
Key Trading Plan:
SHORT from the current price to the Take Profit Target level of 38% Fibonacci Retracement, 262.00, and then after that, go LONG to the resistance level again as fundamentally the stock still in the bullish trend.
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Broadcom - AVGO Technical AnalysisThe market is Bullish.
The idea is to go long following the major trend and hope that the Earning report due on Thursday will bring positive news.
Fundamental Analysis:
The company will report its fiscal Q2 2020 earnings after the market closes on Thursday. Analysts are expecting $5.14 a share profit with the projected sales of $5.69 billion.
$VIAC: $25 Short Sell TargetFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion basis. That being said, let us get into a few points. I don't usually like broadcasting companies, but Westinghouse Electric Corporation is owned by VIAC. I believe it does look like many people think another breakout for VIAC will happen or are bullish. The recent negative correlation for today doesn't scare me, and I think a $25 short sell target is reasonable. This stock also has some long potential, but there are higher growth stocks in the market.
Broadcom fate depends on China tradeAVGO earnings report:
AVGO Q2 earnings surpass estimates
Q2 quarterly report represents an earnings surprise of 0.77%. A quarter ago, it was expected that this chipmaker would post earnings of $5.19 per share when it actually produced earnings of $5.55, delivering a surprise of 6.94%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
However...
We saw a drop of 12% after hours. Today it regain 6%. If AVGO stays above the 200SMA we could see a big potential upside.
Please check chart for more information on specifics.