Broadcom Inc.شراء
AVGO -Symmetrical triangle -Daily - Unusual volume
**Broadcom Inc. (AVGO)** chart and presents a technical analysis of the stock on a daily timeframe.
Key highlights:
1. **Bullish Pattern**: The chart seems to show a series of bullish moves with higher highs and higher lows, which are connected by yellow lines. This pattern may be interpreted as an symmetrical triangle, a bullish continuation pattern.
2. **Breakout**: A breakout is indicated on the right side of the chart, which seems to have occurred on **high volume**, further supporting the bullish momentum.
Retested the breakout trendline and bounced.
3. **Measured Move Projection**: The breakout projection indicates a potential price target of **$227.78**, which is calculated from the height of the triangle (about $60.12 from the low). This is approximately **48.25%** higher than the start of the upward move.
4. **Stop-Loss (SL)**: A stop-loss level is mentioned around **$165**, to manage risk in case the breakout fails.
5. **Volume**: A significant increase in volume is noted at the breakout, which adds confidence to the strength of the move.
### Potential Scenario:
- If the breakout holds, the target of **$227.78** could be achieved in the next rally.
- However, a pullback or consolidation near **$165** could be possible before the price moves higher.
Key highlights:
1. **Bullish Pattern**: The chart seems to show a series of bullish moves with higher highs and higher lows, which are connected by yellow lines. This pattern may be interpreted as an symmetrical triangle, a bullish continuation pattern.
2. **Breakout**: A breakout is indicated on the right side of the chart, which seems to have occurred on **high volume**, further supporting the bullish momentum.
Retested the breakout trendline and bounced.
3. **Measured Move Projection**: The breakout projection indicates a potential price target of **$227.78**, which is calculated from the height of the triangle (about $60.12 from the low). This is approximately **48.25%** higher than the start of the upward move.
4. **Stop-Loss (SL)**: A stop-loss level is mentioned around **$165**, to manage risk in case the breakout fails.
5. **Volume**: A significant increase in volume is noted at the breakout, which adds confidence to the strength of the move.
### Potential Scenario:
- If the breakout holds, the target of **$227.78** could be achieved in the next rally.
- However, a pullback or consolidation near **$165** could be possible before the price moves higher.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.