$AVGO

AVGO is at an enticing technical level: a descending trend line meets gaps, with major support around 315-325. In a fear-driven push lower, AVGO near 315-320 gets my attention as a high-quality name for a potential swing trade long; I did not buy it today.

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Verified InvestingPublished Oct 16 · 2 passages

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Then you look at Broadcom, right? AVGO. This is actually into a very enticing level. I didn't buy it today, but it is on my radar for Monday for a potential swing trade long. Beautiful descending trend line coming into a lot of gaps here.

In fact, I'll draw a couple in. There's a major gap fill here, right? There's we just filled this one here and then you got this area right through there. So I would say anywhere from this 325 down to about 315 level you start to get some major technical support on some of these chip stocks.

but looking at high quality names like Broadcom down between 315 and 320 or so, that starts to get my attention on this big fear push.

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