Braodcom Inc. (AVGO) trades around $338.49, stabilizing after a broader tech and sector selloff, Recent headlines feature major long term infrastructure and software agreements with NTT DOCOMO and FedEX alongside ongoing retail and analyst debates over AI market sentiment.
Technical Insight:
AVGO is still positioned in a downside pathway, trending boldly on lower lows and highs pattern. The stock have been moving down for a couple days now after approaching the trend resistance level at $380, in respect to the framework. Price is currently at a significant support line, as we anticipate a buy retracement.
Key point:
More pullback confirmation around this zone, triggers a long position eyeing $367 as next potential bullish.
Thanks for reading.
Technical Insight:
AVGO is still positioned in a downside pathway, trending boldly on lower lows and highs pattern. The stock have been moving down for a couple days now after approaching the trend resistance level at $380, in respect to the framework. Price is currently at a significant support line, as we anticipate a buy retracement.
Key point:
More pullback confirmation around this zone, triggers a long position eyeing $367 as next potential bullish.
Thanks for reading.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.