AVGO has returned to its post-March 2020 point of control.
Stepping down a time frame to the daily chart, we can see a cluster of Dojis. Combined with volume falling under the 50day average, MACD crossing its signal, and Stoch recovering from oversold shows hesitation in the selloff.
An aggressive trade would be to enter now, while a more conservative entry would be above the support or resistance zone just north of the 21EMA.
Stepping down a time frame to the daily chart, we can see a cluster of Dojis. Combined with volume falling under the 50day average, MACD crossing its signal, and Stoch recovering from oversold shows hesitation in the selloff.
An aggressive trade would be to enter now, while a more conservative entry would be above the support or resistance zone just north of the 21EMA.
Checkout my free weekly market updates on substack!
ronaldryninger.substack.com
ronaldryninger.substack.com
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Checkout my free weekly market updates on substack!
ronaldryninger.substack.com
ronaldryninger.substack.com
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.