Broadcom Inc.(AVGO:NASDAQ) Elliott Wave Technical Analysis November 17 2022

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Broadcom Inc., Elliott Wave Technical Analysis

Broadcom Inc., (AVGO:NASDAQ): Daily Chart, November 17 2022, 

AVGO Stock Market Analysis: We have been tracking down the possibility of a wave (2) ofintermediate degree to have bottomed at around 410$ and the following up move could be thebeginning of the new uptrend.

AVGO Elliott Wave Count: Wave {iii} of 1.

AVGO Technical Indicators:Finding support on the 200EMA

AVGO Trading Strategy:Waiting for a pullback in wave (iv) and {iv} to place short term longs.

TradingLounge Analyst: Alessio Barretta

 

 

 

 

Broadcom Inc., AVGO: 4-hour Chart, November 17 2022

Broadcom Inc., Elliott Wave Technical Analysis

AVGO Stock Market Analysis: It looks like we might have entered wave (iv) which I wouldexpect to be sideways. I will be looking for longs into wave (v).

AVGO Elliott Wave count: Wave (iv) of {iii}.

AVGO Technical Indicators: Above all averages, RSI bearish divergence which could indicate animminent wave (v).

AVGO Trading Strategy:Looking for longs on wave (iv) once we get a clearer view on how it isgoing to look like(potentially sideways).