Uh next up on the chart of AVGO pretty similar scenario uh on AVGO but AVGO in fact is breaking the bottom of its parallel channel. You can see this parallel channel has hold has had held price back since December of 2024 with a little bit of a dip underneath it just briefly here in March of this year.
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.