Broadcom Inc.(AVGO:NASDAQ)Elliott Wave Technical Analysis 10 October 23

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Broadcom Inc.,Elliott Wave Technical Analysis

Broadcom Inc.,(AVGO:NASDAQ): Daily Chart, 10 October 23

AVGO Stock Market Analysis: WE have been looking for a potential wave 4 for a while now. It is starting to looking a little too large compared to the corresponding wave 2, nonetheless it is still valid.  

AVGO Elliott Wave Count: Wave {d} of 4.  

AVGO Technical Indicators: Above all averages.  

AVGO Trading Strategy: Looking for continuation sideways into wave 4 to then look for longs.  

TradingLounge Analyst: Alessio Barretta
 

 

 

 

Broadcom Inc., AVGO: 4-hour Chart, 10 October 23

Broadcom Inc.,  Elliott Wave Technical Analysis
AVGO Stock Market Analysis: Looking for additional sideways movement to complete the overall correction in wave 4. As we keep moving in a series of three waves we can assume the move is corrective in nature.  

AVGO Elliott Wave count:  Wave {d} of 4.  

AVGO Technical Indicators: Above all averages.

AVGO Trading Strategy: Looking for continuation sideways into wave 4 to then look for longs.