Elliott Wave Technical Analysis: Broadcom Inc. - Thursday, Nov. 17

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Broadcom Inc., Elliott Wave Technical Analysis

Broadcom Inc., (Nasdaq: AVGO): Daily Chart, November 17, 2022, 

AVGO Stock Market Analysis: We have been tracking down the possibility of a wave (2) of the intermediate degree to have bottomed at around 410$ and the following up move could be the beginning of the new uptrend.

AVGO Elliott Wave Count: Wave {iii} of 1.

AVGO Technical Indicators: Finding support on the 200EMA

AVGO Trading Strategy: Waiting for a pullback in wave (iv) and {iv} to place short-term longs.

Analyst: Alessio Barretta

Broadcom Inc., AVGO: 4-hour Chart, November 17, 2022

Broadcom Inc., Elliott Wave Technical Analysis

AVGO Stock Market Analysis: It looks like we might have entered wave (iv) which I would expect to be sideways. I will be looking for longs into wave (v).

AVGO Elliott Wave count: Wave (iv) of {iii}.

AVGO Technical Indicators: Above all averages, RSI bearish divergence could indicate an imminent wave (v).

AVGO Trading Strategy: Looking for longs on the wave (iv) once we get a clearer view of how it is going to look (potentially sideways).


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