Broadcom Inc.Long
$AVGO | Watchlist | Buy Limit |
Technical Confluences:
- Stochastics is moving towards Oversold conditions
- Elliot Wave count seems to have completed a Wave 4 (A,B,C count) and is starting it's Wave 5 move (assuming it is not an extended Wave 4
- Price has formed new Supply Zone area with the price rejecting that Zone 3 times and has formed a descending Trendline
Fundamental Confluences:
- Broadcom is considered a leader in semiconductor domains and it has a diverse product range; making them sought after in technological ecosystem
- Good management team that focuses on M&A for strategic growth and market pentration
- Good amount of FCFs which helps in their dividend policies
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AVGO will be releasing it's earnings soon and if there is any opportunity arising, I have placed orders to buy AVGO at my Buy Limit Zone areas.
If earnings is stellar, price should continue to test the Supply Zone again and if that breaks, I will likely aim for a Buy Stop order above the Supply Zone.
Will be putting this on my Watchlist.
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- Stochastics is moving towards Oversold conditions
- Elliot Wave count seems to have completed a Wave 4 (A,B,C count) and is starting it's Wave 5 move (assuming it is not an extended Wave 4
- Price has formed new Supply Zone area with the price rejecting that Zone 3 times and has formed a descending Trendline
Fundamental Confluences:
- Broadcom is considered a leader in semiconductor domains and it has a diverse product range; making them sought after in technological ecosystem
- Good management team that focuses on M&A for strategic growth and market pentration
- Good amount of FCFs which helps in their dividend policies
-----
AVGO will be releasing it's earnings soon and if there is any opportunity arising, I have placed orders to buy AVGO at my Buy Limit Zone areas. If earnings is stellar, price should continue to test the Supply Zone again and if that breaks, I will likely aim for a Buy Stop order above the Supply Zone.
Will be putting this on my Watchlist.
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Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.