Trading (AVGO) With Integrated Risk Controls

February 04, 2025, 01:54 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for AVGO

• Buy AVGO near 211.96 target 238.69 stop loss @ 211.35 Details

The technical summary data tells us to buy AVGO near 211.96 with an upside target of 238.69. This data also tells us to set a stop loss @ 211.35 to protect against excessive loss in case the stock begins to move against the trade. 211.96 is the first level of support below 217.73 , and by rule, any test of support is a buy signal. In this case, support 211.96 is being tested, a buy signal would exist.

• Short AVGO slightly under 238.69, target 211.96, stop loss @ 239.38 Details

The technical summary data is suggesting a short of AVGO as it gets near 238.69 with a downside target of 211.96. We should have a stop loss in place at 239.38though. 238.69 is the first level of resistance above 217.73, and by rule, any test of resistance is a short signal. In this case, if resistance 238.69 is being tested, a short signal would exist.

Swing Trading Plans for AVGO

• Buy AVGO slightly over 223.05, target 238.69, Stop Loss @ 222.41 Details

If 223.05 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 223.05, with an upside target of 238.69. The data also tells us to set a stop loss @ 222.41 in case the stock turns against the trade. 223.05 is the first level of resistance above 217.73, and by rule, any break above resistance is a buy signal. In this case, 223.05, 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 223.05, target 211.96, Stop Loss @ 223.69. Details

The technical summary data is suggesting a short of AVGO if it tests 223.05 with a downside target of 211.96. We should have a stop loss in place at 223.69 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, 223.05, 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 220.13, target 223.05, Stop Loss @ 219.62 Details

If 220.13 begins to break higher, the technical summary data tells us to buy AVGO just slightly over 220.13, with an upside target of 223.05. The data also tells us to set a stop loss @ 219.62 in case the stock turns against the trade. 220.13 is the first level of resistance above 217.73, and by rule, any break above resistance is a buy signal. In this case, 220.13, 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 220.13, target 211.96, Stop Loss @ 220.64. Details

The technical summary data is suggesting a short of AVGO if it tests 220.13 with a downside target of 211.96. We should have a stop loss in place at 220.64 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, 220.13, 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 February 04:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	185.58
P2	220.13	196.32	211.96
P3	229.76	223.05	238.69

AI Generated Signals for AVGO

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