“The Market’s Most Important Growth Stocks: Dave’s Dirty Dozen”
AVGO is technically weak (discharge phase); needs to reclaim 200-day MA before bullish interest.
Then we have a pair of graphs that I consider to be in the discharge phase. Broadcom comes to mind. Break below a major Fibonacci support level, and break below the 200-day moving average.
Paul Tudor Jones famously said that nothing good happens below the 200-day mark. We have momentum that is clearly in the downward range, not exceeding 50 by much, and the stock has performed poorly. All moving averages are trending downwards.