TradingView
CheelooTrader
7 févr. 2022 05:55

AVGO - Underrated titan in vulnerable spot 

Broadcom Inc.NASDAQ

Description

  • 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.

Transaction en cours

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

Transaction en cours

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

Commentaire

Bingo..first target 560

Trade fermée manuellement

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

Commentaire

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