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AwesomeAvani

AVGO Chipmaker in an ascending channel SHORT

Kort
Broadcom Inc. (BATS:AVGO)  
AwesomeAvani  
BATS:AVGO   Broadcom Inc.
Trend Lines Parallel Channel Earnings AVGO broadcom SOXS SOXX semiconductors preearnings aistocks chipmakers Ascending Channel
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trendline parallelchannel earnings avgo broadcom soxs soxx semiconductors preearnings aistocks chipmakers ascendingchannel
On a 30-minute chart, like several other computer chip manufactures has approached or

reached a near-term top. Overall Broadcom has gained 19% YTD. Earnings are in about two

weeks. I see this as a short trade to follow AVGO from the top of the channel down to about

1225 in time to catch earnings at the bottom of the channel to end the swing trade and instead

go long from there. I intend to close the trade two days before earnings and flip sides

hunting the beat on the earnings.
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