Learn to Evaluate (AVGO) using the Charts

April 29, 2024, 03:12 am ET, BY John- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AVGO

• Buy AVGO slightly over 1308.56 target 1440.7 stop loss @ 1304.78 Details

The technical summary data tells us to buy AVGO near 1308.56 with an upside target of 1440.7. This data also tells us to set a stop loss @ 1304.78 to protect against excessive loss in case the stock begins to move against the trade. 1308.56 is the first level of support below 1344.07 , and by rule, any test of support is a buy signal. In this case, support 1308.56 is being tested, a buy signal would exist.

• Short AVGO slightly under 1440.7, target 1308.56, stop loss @ 1444.86 Details

The technical summary data is suggesting a short of AVGO as it gets near 1440.7 with a downside target of 1308.56. We should have a stop loss in place at 1444.86though. 1440.7 is the first level of resistance above 1344.07, and by rule, any test of resistance is a short signal. In this case, if resistance 1440.7 is being tested, a short signal would exist.

Swing Trading Plans for AVGO

• Buy AVGO slightly over 1440.7, target n/a, Stop Loss @ 1436.54 Details

If 1440.7 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 1440.7, with an upside target of n/a. The data also tells us to set a stop loss @ 1436.54 in case the stock turns against the trade. 1440.7 is the first level of resistance above 1344.07, and by rule, any break above resistance is a buy signal. In this case, 1440.7, 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 1440.7, target 1308.56, Stop Loss @ 1444.86. Details

The technical summary data is suggesting a short of AVGO if it tests 1440.7 with a downside target of 1308.56. We should have a stop loss in place at 1444.86 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, 1440.7, 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 1440.7, target n/a, Stop Loss @ 1437.34 Details

If 1440.7 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 1440.7, with an upside target of n/a. The data also tells us to set a stop loss @ 1437.34 in case the stock turns against the trade. 1440.7 is the first level of resistance above 1344.07, and by rule, any break above resistance is a buy signal. In this case, 1440.7, 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 1440.7, target 1308.56, Stop Loss @ 1444.06. Details

The technical summary data is suggesting a short of AVGO if it tests 1440.7 with a downside target of 1308.56. We should have a stop loss in place at 1444.06 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, 1440.7, 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 April 29:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	1187.3
P2	1273.66	1195.14	1308.56
P3	1307.66	1271.06	1440.7

AI Generated Signals for AVGO

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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.