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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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
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
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.