17Nov
Broadcom Inc., Elliott Wave Technical Analysis Wednesday 17 November 2022
Broadcom Inc., Elliott Wave Technical Analysis Wednesday 17 November 2022
4 Hour
Broadcom Inc., AVGO: 4-hour Chart, November 17 2022
Broadcom Inc., Elliott Wave Technical Analysis
AVGO Stock Market Analysis: It looks like we might have entered wave (iv) which I would expect to be sideways. I will be looking for longs into wave (v).
AVGO Elliott Wave count: Wave (iv) of {iii}.
AVGO Technical Indicators: Above all averages, RSI bearish divergence which could indicate an imminent wave (v).
AVGO Trading Strategy: Looking for longs on wave (iv) once we get a clearer view on how it is going to look like(potentially sideways).
Daily
Broadcom Inc., Elliott Wave Technical Analysis
Broadcom Inc., (AVGO:NASDAQ): Daily Chart, November 17 2022,
AVGO Stock Market Analysis: We have been tracking down the possibility of a wave (2) of intermediate degree to have bottomed at around 410$ and the following up move could be the beginning of the new uptrend.
AVGO Elliott Wave Count: Wave {iii} of 1.
AVGO Technical Indicators: Finding support on the 200EMA
AVGO Trading Strategy: Waiting for a pullback in wave (iv) and {iv} to place short term longs.
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