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CheelooTrader
7 feb 2022 05:55

AVGO - Underrated titan in vulnerable spot 

Broadcom Inc.NASDAQ

Beskrivning

  • 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.
Mer