$AVGO setup looking spicy ahead of Wednesday earnings 👀
Chart comparison with $NVDA and $TSM shows similar pattern - both ripped after bouncing hard off their orange trendlines. $AVGO needs that same bounce to stay in the uptrend.
Earnings drop Wednesday after hours. Implied move is 8%, which lines up perfectly with a push to $400.
The question: can Broadcom pull an Nvidia-style breakout?
If it holds that trendline and earnings deliver, $400 is in play. If it fails the bounce, this setup dies fast.
Watching closely into Wednesday.
Chart comparison with $NVDA and $TSM shows similar pattern - both ripped after bouncing hard off their orange trendlines. $AVGO needs that same bounce to stay in the uptrend.
Earnings drop Wednesday after hours. Implied move is 8%, which lines up perfectly with a push to $400.
The question: can Broadcom pull an Nvidia-style breakout?
If it holds that trendline and earnings deliver, $400 is in play. If it fails the bounce, this setup dies fast.
Watching closely into Wednesday.
