Trading idea for Broadcom Inc. (NYSE)
Broadcom Inc. (NYSE)
#AVGO
The overall trend is upward. The descending wave structure is truncated. The Stochastic Oscillator indicates oversold conditions, and the Awesome Oscillator shows a bullish divergence.
Trade idea:
Buy upon the formation of an upward wave structure, where wave (A) breaks the descending channel of the truncated pattern.
Stop Loss — 334.00.
Target levels — 372.50; 383.50.
