How the (AVGO) price action is used to our Advantage
December 12, 2024, 11:56 am ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for AVGO
- Buy AVGO near 161.14 target 179.29 stop loss @ 160.67 Details
The technical summary data tells us to buy AVGO near 161.14 with an upside target of 179.29. This data also tells us to set a stop loss @ 160.67 to protect against excessive loss in case the stock begins to move against the trade. 161.14 is the first level of support below 177.77 , and by rule, any test of support is a buy signal. In this case, support 161.14 would be being tested, so a buy signal would exist.
- Short AVGO slightly under 179.29, target 161.14, stop loss @ 179.81 Details
The technical summary data is suggesting a short of AVGO as it gets near 179.29 with a downside target of 161.14. We should have a stop loss in place at 179.81though. 179.29 is the first level of resistance above 177.77, and by rule, any test of resistance is a short signal. In this case, if resistance 179.29 is being tested, so a short signal would exist.
Swing Trading Plans for AVGO
- Buy AVGO slightly over 179.29, target 183.37, Stop Loss @ 178.77 Details
If 179.29 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 179.29, with an upside target of 183.37. The data also tells us to set a stop loss @ 178.77 in case the stock turns against the trade. 179.29 is the first level of resistance above 177.77, and by rule, any break above resistance is a buy signal. In this case, 179.29, 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 179.29, target 175.09, Stop Loss @ 179.81. Details
The technical summary data is suggesting a short of AVGO if it tests 179.29 with a downside target of 175.09. We should have a stop loss in place at 179.81 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, 179.29, 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 179.29, target 183.37, Stop Loss @ 178.87 Details
If 179.29 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 179.29, with an upside target of 183.37. The data also tells us to set a stop loss @ 178.87 in case the stock turns against the trade. 179.29 is the first level of resistance above 177.77, and by rule, any break above resistance is a buy signal. In this case, 179.29, 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 179.29, target 175.97, Stop Loss @ 179.71. Details
The technical summary data is suggesting a short of AVGO if it tests 179.29 with a downside target of 175.97. We should have a stop loss in place at 179.71 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, 179.29, 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 12:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
161.14 |
| P2 |
175.97 |
175.09 |
179.29 |
| P3 |
183.86 |
183.37 |
197.59 |
AI Generated Signals for AVGO
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Broadcom Inc. (NASDAQ: AVGO) data table below can help you with price action, and we have more details too. Trading plans for AVGO are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for AVGO:
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