How To Trade Broadcom Limited Ordinary Shares $AVGO

September 23, 2023, 02:30 am ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AVGO

• Buy AVGO slightly over 817.64 target 889.71 stop loss @ 815.28 Details

The technical summary data tells us to buy AVGO near 817.64 with an upside target of 889.71. This data also tells us to set a stop loss @ 815.28 to protect against excessive loss in case the stock begins to move against the trade. 817.64 is the first level of support below 829.08 , and by rule, any test of support is a buy signal. In this case, support 817.64 would be being tested, so a buy signal would exist.

• Short AVGO slightly under 889.71, target 817.64, stop loss @ 892.28 Details

The technical summary data is suggesting a short of AVGO as it gets near 889.71 with a downside target of 817.64. We should have a stop loss in place at 892.28though. 889.71 is the first level of resistance above 829.08, and by rule, any test of resistance is a short signal. In this case, if resistance 889.71 is being tested, so a short signal would exist.

Swing Trading Plans for AVGO

• Buy AVGO slightly over 845.15, target 889.71, Stop Loss @ 842.71 Details

If 845.15 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 845.15, with an upside target of 889.71. The data also tells us to set a stop loss @ 842.71 in case the stock turns against the trade. 845.15 is the first level of resistance above 829.08, and by rule, any break above resistance is a buy signal. In this case, 845.15, 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 845.15, target 817.87, Stop Loss @ 847.59. Details

The technical summary data is suggesting a short of AVGO if it tests 845.15 with a downside target of 817.87. We should have a stop loss in place at 847.59 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, 845.15, 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 830.47, target 845.15, Stop Loss @ 828.53 Details

If 830.47 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 830.47, with an upside target of 845.15. The data also tells us to set a stop loss @ 828.53 in case the stock turns against the trade. 830.47 is the first level of resistance above 829.08, and by rule, any break above resistance is a buy signal. In this case, 830.47, 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 830.47, target 817.87, Stop Loss @ 832.41. Details

The technical summary data is suggesting a short of AVGO if it tests 830.47 with a downside target of 817.87. We should have a stop loss in place at 832.41 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, 830.47, 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 Limited Ordinary Shares (AVGO) available here: AVGO.

AVGO Ratings for September 23:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	817.64
P2	807.46	817.87	889.71
P3	830.47	845.15	970.40

AI Generated Signals for AVGO

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

This report provides trading strategies for Broadcom Limited Ordinary Shares (NASDAQ: AVGO) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for AVGO change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if AVGO is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for AVGO too.  All of these are offered below the Summary Table.