Not buying AVGO due to lack of buy signals and downtrend, despite potential fundamental shift from orders.
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Broadcom below your 35 345 price from last week. Exactly. I've been looking at this, but I bought SpaceX yesterday instead. Uh, a lot of people are saying, "Why' you do that?" Um, I think Broadcom, the game is really about to change for them with the amount of orders that they're getting right now.
But what I don't like, and the reason I'm not in, is no buy signals and trend down. Okay, I'm waiting for this thing to turn around and I've got indicators give me alerts when they do turn.
Then it gets my attention. Let's go into a closer time frame, too. Let's check out the 4our. See if it tells a different picture. It doesn't. Still trend is down. So, therefore, I wait. I don't catch a falling knife.
What this channel has said about $AVGO
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