$AVGO sitting 61 cents above a weak $350 floor right now — testing support but not confirming it yet. The flip sits at $353.35, meaning price needs to reclaim that level before $355 becomes the magnet.
Here's the structure:
$355 = ceiling and target if floor holds
$353.35 = the flip — reclaim this and you're back in structure
$350 = current floor, still weak
If $AVGO holds above $350, expect a pull toward $355 this week. That's where price wants to go if structure stays intact.
Invalidation is clean: sub-$349.95 kills the setup. Below $350, this turns into a fuel zone — meaning you're looking for a bounce entry, not a breakout chase.
Don't chase into $360 while the floor is still unconfirmed. Wait for the flip at $353.35 or a clean reclaim of $350 with volume before adding calls.
Path if it works: $350.61 → $355 → $380 → $440
But first, prove the floor.
Here's the structure:
$355 = ceiling and target if floor holds
$353.35 = the flip — reclaim this and you're back in structure
$350 = current floor, still weak
If $AVGO holds above $350, expect a pull toward $355 this week. That's where price wants to go if structure stays intact.
Invalidation is clean: sub-$349.95 kills the setup. Below $350, this turns into a fuel zone — meaning you're looking for a bounce entry, not a breakout chase.
Don't chase into $360 while the floor is still unconfirmed. Wait for the flip at $353.35 or a clean reclaim of $350 with volume before adding calls.
Path if it works: $350.61 → $355 → $380 → $440
But first, prove the floor.
