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CheelooTrader
7 фев 2022 г., 05:55

AVGO - Underrated titan in vulnerable spot 

Broadcom Inc.NASDAQ

Описание

  • 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.

Сделка активна

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

Сделка активна

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

Комментарий

Bingo..first target 560

Сделка закрыта вручную

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

Комментарий

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