Learn to Evaluate (AVGO) using the Charts
December 01, 2024, 18:06 pm ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AVGO
- Buy AVGO near 160.06 target 178.29 stop loss @ 159.6 Details
The technical summary data tells us to buy AVGO near 160.06 with an upside target of 178.29. This data also tells us to set a stop loss @ 159.6 to protect against excessive loss in case the stock begins to move against the trade. 160.06 is the first level of support below 162.08 , and by rule, any test of support is a buy signal. In this case, support 160.06 would be being tested, so a buy signal would exist.
- Short AVGO slightly under 178.29, target 160.06, stop loss @ 178.8 Details
The technical summary data is suggesting a short of AVGO as it gets near 178.29 with a downside target of 160.06. We should have a stop loss in place at 178.8though. 178.29 is the first level of resistance above 162.08, and by rule, any test of resistance is a short signal. In this case, if resistance 178.29 is being tested, so a short signal would exist.
Swing Trading Plans for AVGO
- Buy AVGO slightly over 162.64, target 178.29, Stop Loss @ 162.17 Details
If 162.64 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 162.64, with an upside target of 178.29. The data also tells us to set a stop loss @ 162.17 in case the stock turns against the trade. 162.64 is the first level of resistance above 162.08, and by rule, any break above resistance is a buy signal. In this case, 162.64, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AVGO slightly near 162.64, target 160.06, Stop Loss @ 163.11. Details
The technical summary data is suggesting a short of AVGO if it tests 162.64 with a downside target of 160.06. We should have a stop loss in place at 163.11 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 162.64, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for AVGO
- Buy AVGO slightly over 162.21, target 162.64, Stop Loss @ 161.83 Details
If 162.21 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 162.21, with an upside target of 162.64. The data also tells us to set a stop loss @ 161.83 in case the stock turns against the trade. 162.21 is the first level of resistance above 162.08, and by rule, any break above resistance is a buy signal. In this case, 162.21, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short AVGO slightly near 162.21, target 160.06, Stop Loss @ 162.59. Details
The technical summary data is suggesting a short of AVGO if it tests 162.21 with a downside target of 160.06. We should have a stop loss in place at 162.59 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 162.21, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Broadcom Inc. (AVGO) available here: AVGO.
AVGO Ratings for December 01:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
160.06 |
| P2 |
158.58 |
156.41 |
178.29 |
| P3 |
162.21 |
162.64 |
196.66 |
AI Generated Signals for AVGO
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Broadcom Inc. (NASDAQ: AVGO) report below can help you understand how to do this. The trading plans for AVGO, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AVGO:
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