AVGO - Underrated titan in vulnerable spot för NASDAQ:AVGO av CheelooTrader

trendanalysis avgo semiconductor megacap flag

Three lower lows and lower highs ---
below VWMA (early) -
Decreasing volume --
Bearflag setup on daily ---
Good volume in the demand zone ++
IF market shows strengths next week, possible that it tests 625 zone, where it runs into big supply. Breakdown there could slide this to recent low near 500.

Handel aktiv:

Volume still low, and into heavy supply...I expect weakness to start soon.

Handel aktiv:

Today is the day ramp down has started...let's see if there is follow through.

Kommentera:

Bingo..first target 560

Trade stängt manuellt:

I still have short bias, but hard to stay in the trade with the current price action. Price above VWMA could push higher.

Kommentera:

Leaders lead...formed a flag on daily and brokeout for the test of ATH.

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