Jump to content

Broadcom Inc.(AVGO:NASDAQ) Elliott Wave Technical Analysis August 30, 2022


Recommended Posts

Broadcom Inc., Elliott Wave Technical Analysis 

Broadcom Inc., (AVGO:NASDAQ): 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 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.   

TradingLounge Analyst: Alessio Barretta 

AVGO_8_30.png.5e9a74a8518d52dc017a6e223d48a36c.png

 

 

 

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: Indicator 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. Alternately we would wait for upside confirmation. 

AVGO_4H.png.488876b0d3a8eb6cb8abf0be34b9ea9e.png

  • Like 1
Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Demo account: Please note that conditions on demo accounts may differ from real accounts. Some brokers may only provide overnight loans on real accounts and not on demo accounts.
    • Swap Rate: Check the swap rates for your open positions. Overnight loans are calculated based on the difference between the interest rates of a currency pair, and if the difference is small or negative, you will not receive a loan.
    • Civic (CVC) emerges as a game-changer in the realm of identity verification, offering a secure and decentralized solution for payment verification between "Identity Verifiers" and "Identity Requesters" within the Civic ecosystem. With its innovative approach and recent developments, Civic is making waves in the cryptocurrency market Payment Verification: Civic's primary use case lies in facilitating payment verification between parties within the Civic ecosystem. By leveraging blockchain technology, Civic provides a secure and transparent method for verifying identities and ensuring trust in transactions.  Integration with Solana Token Extensions: Civic's recent announcement on X revealed that Civic Pass is now integrated with Solana Token Extensions, further enhancing its utility and interoperability within the blockchain ecosystem. This integration opens up new possibilities for Civic's application and adoption.  Civic (CVC) is now listed on Bitget  and other CEX providing users with convenient access to trade and engage with the token. This listing further enhances Civic's visibility and liquidity, attracting new users and investors to the ecosystem. 
×
×
  • Create New...
us