Broadcom Inc. (AVGO)
By:TradingView
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AVGO violates the major peak at 415 - 430, after forming a high low at 394.65. A confirmed breakout above 430, with the stock holding above this level for two consecutive sessions, will confirm the major uptrend. This could drive the stock toward 450 – 470, followed by 490. A breakout above 490 would open the way for a move toward 530.
The stop loss is below 409$.
Technical indicators, particularly the Stochastic Oscillator, support the bullish outlook.
The stop loss is below 409$.
Technical indicators, particularly the Stochastic Oscillator, support the bullish outlook.
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