CFD Trading – Buy Broadcom Inc (AVGO.NAS) @ $472.00. Stop @ $459.90 and Target @ $489.00.

BROADCOM INC. Stock Code AVGO.NAS

Outlook
Price broke above and closed above the cloud and this could signal the start of a new uptrend for the previous high at $489 again. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend.  MACD is bearish but is near to the zero line. The faster line of the MACD indicator has already crossed over the zero line and the slower could be about to cross over soon. MACD had a bullish crossover earlier hinting of a bullish price trend.

Strategy                  
$472.00              Buy
$489.00              Price Target
$459.90              Risk Management Stop
3 weeks               Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.