AVGO (Broadcom Limited) will trigger a short entry on any move below 174.69 (yesterday’s low) with a suggested stop over 186.00. Price targets are T1 at 149.16 and T2 at 140.29 with a potential longer-term swing target around the 115.00 support level which may be added, depending on how the charts of AVGO & the broad market play out going forward.
AVGO daily Aug 26th
For those currently in or considering any of the other semiconductor related trade ideas currently listed on the site, make sure to properly allocate any potential position in AVGO towards your total target exposure to the semiconductor and/or technology sector as AVGO is a semiconductor company.