Broadcom Inc. (AVGO) almost reached again the top of its long-term historic Channel Up, following the April - May rally on its 1W MA50 (blue trend-line). Even though that is a very strong recovery from a -31% correction, the stock turns into a long-term buy historically only after its hits its 1W MA100 (green trend-line) or its 1M RSI hits its Buy Zone.
The recent December - March correction didn't achieve either. Historically the minimum such correction that Broadcom has was -30.50%. Another such pull-back from the current levels would test at least the 1W MA100 around $310. If at the same time the 1M RSI hits 51.50, then it would be a very strong long-term buy opportunity.
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The recent December - March correction didn't achieve either. Historically the minimum such correction that Broadcom has was -30.50%. Another such pull-back from the current levels would test at least the 1W MA100 around $310. If at the same time the 1M RSI hits 51.50, then it would be a very strong long-term buy opportunity.
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
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I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.