Trading Broadcom Limited Ordinary Shares $AVGO With Integrated Risk Controls

March 23, 2023, 08:30 am ET, BY Neal- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AVGO

• Buy AVGO slightly over 579.20 target n/a stop loss @ 577.53. Details

The technical summary data tells us to buy AVGO near 579.20, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 577.53 to protect against excessive loss in case the stock begins to move against the trade. 579.20 is the first level of support below 636.5, and by rule, any test of support is a buy signal. In this case, if support 579.20 is being tested, a buy signal would exist.

• NONE . Details

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.

Swing Trading Plans for AVGO

• Buy AVGO slightly over 645.07, target n/a, Stop Loss @ 643.21 Details

If 645.07 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 645.07, with an upside target of n/a. The data also tells us to set a stop loss @ 643.21 in case the stock turns against the trade. 645.07 is the first level of resistance above 636.5, and by rule, any break above resistance is a buy signal. In this case, 645.07, 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 645.07, target 627.15, Stop Loss @ 646.93. Details

The technical summary data is suggesting a short of AVGO if it tests 645.07 with a downside target of 627.15. We should have a stop loss in place at 646.93 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, 645.07, 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 639.74, target 645.07, Stop Loss @ 638.25 Details

If 639.74 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 639.74, with an upside target of 645.07. The data also tells us to set a stop loss @ 638.25 in case the stock turns against the trade. 639.74 is the first level of resistance above 636.5, and by rule, any break above resistance is a buy signal. In this case, 639.74, 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 639.74, target 627.15, Stop Loss @ 641.23. Details

The technical summary data is suggesting a short of AVGO if it tests 639.74 with a downside target of 627.15. We should have a stop loss in place at 641.23 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, 639.74, 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 March 23:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	461.76
P2	639.74	627.15	519.97
P3	648.82	645.07	579.20

AI Generated Signals for AVGO

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