π¨ $Broadcom(AVGO)$ IS NEARLY 30% BELOW ITS $495 HIGH.
Meanwhile, Broadcom just delivered:
π Revenue growth: +86% YoY
π Adjusted EPS growth: +96% YoY
π₯ AI semiconductor revenue: +221% YoY
And management expects AI revenue growth of 236% next quarter.
Thatβs why this pullback has my attention. π
π― The setup Iβm watching
$AVGO is around $347 on this chart.
A move back to the previous $495 high would represent roughly 43% upside from here.
Key levels:
π’ $330β345 β Buyers need to defend
π $360β365 β Reclaim would strengthen the setup
π $400 β First upside level
π $430 β Next target
π― $495 β Previous high
β οΈ I donβt want to chase the first bounce.
I want to see price confirm the reversal before taking the swing.
If $330β345 fails, the setup weakens.
Strong business growth + deep pullback + defined technical levels.
Thatβs the combination Iβm watching here. π
Would you accumulate $AVGO around these levels?
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