AVGO is not liked; price near 200-day MA and needs drop to 432 to complete cup pattern.
Bearish
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Cash Flow Machine | Mark Yegge | Wealth ArchitectPublished Oct 9 · 1 passage
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This is "Broadcom" and you can see a long cup pattern, but it needs to go back to 432 to complete the cup pattern fully. It might form a handle here. We have to wait and see, but it is certainly hovering barely around the 200-day moving average at the moment. I don't like this stock.
What this channel has said about $AVGO
Cash Flow Machine | Mark Yegge | Wealth Architect has only this one call on this stock.
2026-10-09BearishThis one
This is "Broadcom" and you can see a long cup pattern, but it needs to go back to 432 to complete the cup pattern fully. It might form a handle here. We have to wait and see, but it is certainly hovering barely around the 200-day moving average at the moment. I don't like this stock.