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Broadcom Inc.(AVGO:NASDAQ) Elliott Wave Technical Analysis November 29 2022

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Broadcom Inc., Elliott Wave Technical Analysis

Broadcom Inc., (AVGO:NASDAQ): Daily Chart, November 29 2022, 

AVGO Stock Market Analysis: We have been moving as expected for the past weeks. We arenow looking at a potential wave {iv} after we fell short of 1.618 {iii} vs. {i}.

AVGO Elliott Wave Count: Wave (a) of {iv}.

AVGO Technical Indicators:Getting closer to the 200EMA which may act as support.

AVGO Trading Strategy:Looking for further upside after wave {iv}.

TradingLounge Analyst: Alessio Barretta






Broadcom Inc., AVGO: 4-hour Chart, November 29 2022

Broadcom Inc., Elliott Wave Technical Analysis

AVGO Stock Market Analysis: We have a nice and clear five wave sequence within wave {iii}and we are expecting wave {iv} to fall near the wave four of one lesser degree at around 505$.

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

AVGO Technical Indicators: 20EMA acting as support.

AVGO Trading Strategy:Looking for wave {iv} to complete, you could look for very quickshorts on the way down of wave (c).


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