Elliott Wave Technical Analysis: Broadcom Inc. (AVGO)
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Broadcom Inc., Elliott Wave Technical Analysis
Broadcom Inc., (Nasdaq: AVGO): Daily Chart, August 30, 2022,
AVGO Stock Market Analysis: After moving as expected from the previous forecast, we are looking for a bounce as we have approached the equality of wave {a} and {c}.
AVGO Elliott Wave count: {c} of 2
AVGO Trading Strategy: Looking for a bounce to the upside in wave {i} to potentially break the top of wave {b}.
AVGO Technical Indicators: We moved below the averages however we could easily bounce back.
Analyst: Alessio Barretta
Broadcom Inc., AVGO: 4-hour Chart, August 30, 2022,
Broadcom Inc., Elliott Wave Technical Analysis
AVGO Stock Market Analysis: Looking for wave (iv) of {c} to be on the horizon, looking for one last move down into wave (v).
AVGO Elliott Wave count: Wave (v) of {c}.
AVGO Technical Indicators: Indicators are not yet suggesting a bullish move, which is why we are waiting for confirmation.
AVGO Trading Strategy: Very short term we could look for a small short to move a bit lower. Alternatively, we would wait for upside confirmation.
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