Broadcom Inc.

BROADCOM Straightforward plan with an eye on the break out.

165
AVGO is testing the Resistance (1) level (925) of the 4 month Rectangle pattern.
This is a short term sell signal unless it crosses upwards.
The Rising Support trend line has been holding the long term bullish trend intact for 1 year exactly (October 13th 2022).

Trading Plan:
1. Sell as long as the candles close under Resistance (1).
2. Buy if one closes over it.

Targets:
1. 840 (Rising Support).
2. 1077 (Fibonacci 2.0 extension).

Tips:
1. The RSI (1d) crossed above its Rising Resistance. Potential signal, in combination with holding the Rising Support, that a long term break out is ahead.

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