Bears on $AVGO been quiet today 🤣
Broadcom ripping and the put holders went silent. Classic. When a stock moves this clean through resistance, the short thesis evaporates fast. If you were short into earnings or betting on semis rolling over, today hurt.
This is what happens when institutions reload — retail bears get run over, then disappear from the timeline. $AVGO holding this move says semis aren't done. Watch if it holds into tomorrow's session. If it does, that's your tell that money's rotating back into chips, not out.
If you're still short here, your stop should've been yesterday's close. Don't marry a losing trade just because you called the top once in 2022.
Broadcom ripping and the put holders went silent. Classic. When a stock moves this clean through resistance, the short thesis evaporates fast. If you were short into earnings or betting on semis rolling over, today hurt.
This is what happens when institutions reload — retail bears get run over, then disappear from the timeline. $AVGO holding this move says semis aren't done. Watch if it holds into tomorrow's session. If it does, that's your tell that money's rotating back into chips, not out.
If you're still short here, your stop should've been yesterday's close. Don't marry a losing trade just because you called the top once in 2022.