Broadcom Inc.(AVGO:NASDAQ) Elliott Wave Technical Analysis September 28 2022

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Broadcom Inc., Elliott Wave Technical Analysis

Broadcom Inc., (AVGO:NASDAQ): Daily Chart, September 28 2022, 

AVGO Stock Market Analysis: I wanted to zoom out to show you how we are approaching thevolume point of control off the entire rally from the Covid-19 lows.

AVGO Elliott Wave count: Z of (2).

AVGO Trading Strategy: Looking for a clear sign of upside resumption to then place long termtrades.

AVGO Technical Indicators:We have been in oversold territory for a while now that is couldbecome interesting to buy in the future.

TradingLounge Analyst: Alessio Barretta

 

 

 

 

Broadcom Inc., AVGO: 4-hour Chart, September 28 2022

Broadcom Inc., Elliott Wave Technical Analysis

AVGO Stock Market Analysis: I would be looking for further downside as the move down inwave {c} does not seem complete. In addition to that we are lookin at equality of W and Z at 424$.

AVGO Elliott Wave count: {c} of Z.

AVGO Technical Indicators:Below all averages in oversold territory. 

AVGO Trading Strategy: Looking for short term shorts, eventually using the 20EMA asresistance as long as every upside pullback is in a three wave nature.