AVGO is at key technical support ($333.84); a bounce is expected unless this level fails.
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as well as AVGO, and they were moving in opposite directions.
Okay folks, finally we have some earnings results after the closing bell. We see AVGO stock now turning negative at $652.60, testing the lowest range here since August 26 if this sell-off continues.
Guys, look at this level. Look how good the level is. When I draw my Fibonacci correction tools, I drag them upwards. Look at this level. $333.84 at the 78.6 Fibonacci retracement level.
This also happens to be at the level of bridging the gap from April 7th. Guys, if we don't get a bounce here, I'll be very surprised, especially if we sell right at this level after trading hours.
Now, let 's look at the 10-minute chart. We initially rose to a high of $373, but then fell to $342 on the charts, and since then the price has bounced straight up. A very large drop occurred there on AVGO stock.
We will see where this takes us in the morning at the opening, as that will guide us towards the probabilities of price movement to reach our levels.
Watchpoints
What this channel has said about $AVGO
Verified Investing has 4 calls on this stock; only the adjacent ones are shown.