AVGO - the sector is cooling down a bit. Probably we'll see a big chunk of profit taking in 2026.
If we see a pop here , we can get a better short entry zone around 376-400 zone.
If we dont see a pop, if it continues slide down, we've to chase it.
- Big volume gap below
- Pullback to 200DMA
- Pull back to previous high / can act as support
Target 1- 300
Target 3 - 250
Stop loss - 410 (trail it)
If we see a pop here , we can get a better short entry zone around 376-400 zone.
If we dont see a pop, if it continues slide down, we've to chase it.
- Big volume gap below
- Pullback to 200DMA
- Pull back to previous high / can act as support
Target 1- 300
Target 3 - 250
Stop loss - 410 (trail it)
Trade active
ok, My puts are finally positive. I was kind of early in this not to miss the move. Will add more based on how it reacts further. Note
Target 1- 300 - Done
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.