When the Price of Broadcom Limited Ordinary Shares $AVGO Talks, People Listen

October 02, 2023, 16:15 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AVGO

• Buy AVGO slightly over 829.74 target 903.63 stop loss @ 827.34 Details

The technical summary data tells us to buy AVGO near 829.74 with an upside target of 903.63. This data also tells us to set a stop loss @ 827.34 to protect against excessive loss in case the stock begins to move against the trade. 829.74 is the first level of support below 834.95 , and by rule, any test of support is a buy signal. In this case, support 829.74 would be being tested, so a buy signal would exist.

• Short AVGO slightly under 903.63, target 829.74, stop loss @ 906.24 Details

The technical summary data is suggesting a short of AVGO as it gets near 903.63 with a downside target of 829.74. We should have a stop loss in place at 906.24though. 903.63 is the first level of resistance above 834.95, and by rule, any test of resistance is a short signal. In this case, if resistance 903.63 is being tested, so a short signal would exist.

Swing Trading Plans for AVGO

• Buy AVGO slightly over 903.63, target 986.90, Stop Loss @ 901.02 Details

If 903.63 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 903.63, with an upside target of 986.90. The data also tells us to set a stop loss @ 901.02 in case the stock turns against the trade. 903.63 is the first level of resistance above 834.95, and by rule, any break above resistance is a buy signal. In this case, 903.63, 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 903.63, target 832.61, Stop Loss @ 906.24. Details

The technical summary data is suggesting a short of AVGO if it tests 903.63 with a downside target of 832.61. We should have a stop loss in place at 906.24 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, 903.63, 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 842.08, target 903.63, Stop Loss @ 840.12 Details

If 842.08 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 842.08, with an upside target of 903.63. The data also tells us to set a stop loss @ 840.12 in case the stock turns against the trade. 842.08 is the first level of resistance above 834.95, and by rule, any break above resistance is a buy signal. In this case, 842.08, 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 842.08, target 832.61, Stop Loss @ 844.04. Details

The technical summary data is suggesting a short of AVGO if it tests 842.08 with a downside target of 832.61. We should have a stop loss in place at 844.04 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, 842.08, 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 October 02:

Term →	Near	Mid	Long
Rating	Neutral	Weak	Strong
P1	0	0	829.74
P2	825.96	803.33	903.63
P3	842.08	832.61	986.90

AI Generated Signals for AVGO

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Broadcom Limited Ordinary Shares (NASDAQ: AVGO) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for AVGO can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.