Broadcom Inc. (AVGO): Bearish Momentum Near Resistance
🔥 Potential Price Targets (Next Month):
🩸 Near-term Goal: $220.00
🩸 Long-term Goal: $215.00
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $231.20, targeting $240.00 and $250.00. Bullish confirmation needed with stronger volume.
🩸 Short: Below $229.31, aiming for $220.00 and $215.00. Weak MACD and declining volume suggest a bearish continuation.
🔥 LucanInvestor’s Commands:
🩸 Resistance: $231.20 – A breakout is unlikely without strong buying pressure.
🩸 Support: $229.31 – A breakdown could confirm further downside toward $220.00.
Analysis:
Broadcom faces mounting bearish pressure near $231.20. With MACD signaling weakness and volume declining, traders should be cautious of a potential breakdown below $229.31. Watch for downside opportunities if support fails.
👑 "The market rewards clarity, not hesitation." — LucanInvestor
🩸 Near-term Goal: $220.00
🩸 Long-term Goal: $215.00
🔥 LucanInvestor’s Strategy:
🩸 Long: Above $231.20, targeting $240.00 and $250.00. Bullish confirmation needed with stronger volume.
🩸 Short: Below $229.31, aiming for $220.00 and $215.00. Weak MACD and declining volume suggest a bearish continuation.
🔥 LucanInvestor’s Commands:
🩸 Resistance: $231.20 – A breakout is unlikely without strong buying pressure.
🩸 Support: $229.31 – A breakdown could confirm further downside toward $220.00.
Analysis:
Broadcom faces mounting bearish pressure near $231.20. With MACD signaling weakness and volume declining, traders should be cautious of a potential breakdown below $229.31. Watch for downside opportunities if support fails.
👑 "The market rewards clarity, not hesitation." — LucanInvestor
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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.