Avago Technologies - a Singapore based company in semiconductor sector which is part of Nasdaq Composite, SMH & XSD (ETFs) has enjoyed a nice bull run since Nov 2009.
This week, it has broke through the upper uptrend channel with a big bullish bar but without any evidence of volume conviction. It might shoot higher but the reversal will be hurtful i suppose.
This week, it has broke through the upper uptrend channel with a big bullish bar but without any evidence of volume conviction. It might shoot higher but the reversal will be hurtful i suppose.