AVGO Long Idea

I think this one could go either way, but I like the odds of at least a small bounce here. It hit a major trendline support today and closed slightly below. We also have horizontal support in the area around $143. Semis seem bullish after AMD earnings and this is a major area so I'd expect bulls to defend.

If no bounce and hold of the trendline, I think we'd see $130 in short order.