AVGO has done extremely well due to earnings reports and releases and AI implementation in the past couple of months but now that stock surge is coming to a trend reversal. FVG analysis shows there are previous gaps that haven't been covered yet. This is further proven by the gravestone doji that we saw at yesterday's close. Today, the stock saw -4% and that red candle confirmed that the uptrend broke and the stock is now coming to a reversal.
Yes, of course, the market will retest itself and go up in the next couple of days but with a fair opportunity, it is time to short AVGO. forecasted price to exit: $1080-1120.
Yes, of course, the market will retest itself and go up in the next couple of days but with a fair opportunity, it is time to short AVGO. forecasted price to exit: $1080-1120.