AVGO is quite overextended and retesting resistance so you have to be careful.Broadcom is rallying. This is a pretty obvious fact, considering that Broadcom is up roughly +330% over the past 1.5 years. Eventually we will see a correction, the only question is when and where. Currently, Broadcom is retesting a resistance trendline which has been pushing price lower for over a decade. Maybe this is a good area to close partials and monitor price closely.
Levels to watch: $1.840, $1.140
Keep your long term vision,
Philip - BasicTrading
Nota
Quick update on Broadcom:We always have to remind ourselves that trees do not grow to the sky! Eventually there will be a top followed by a correction. So far, it seems like this top is about to be formed on Broadcom. But there is absolutely no reason to go short yet!
Levels to watch: $1.800, $1.100
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👇🏻Free: SwingTrading-Academy
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
discord.gg/jgdrYXwqyD
SwingTrading.Simplified.
Investing.Simplified.
#LONGTERMVISION
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.