$AVGO

AVGO would be an easy swing-trade buy around 315-316, where a 50% Fibonacci level, gap fill and descending trendline converge; that ~315 level stays valid if hit later this week, but if it is not hit and the stock starts to bear-flag, the setup is dropped.

BullishHe framed it in weeks
“AI Rebound After Fear Of Crash Fades, Oil Drops As Gold And Silver Stall...Here Are The Trades!”
Verified InvestingPublished Oct 19 · 1 passage

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Broadcom. This was an interesting one. I'm kind of disappointed it's not gapping lower today because I had a descending trend line that was tagged on Friday with a gap filled just below and a Fibonacci from this low here.

Look at this. The 50% fib level right there aligns perfectly. So, if this had been opening down today around 316, 3:15, I would have been a buyer easily buying as a swing trade.

And by the way, this level's still valid down here at around 315. if it hits later this week. If it doesn't and it starts to bear flag, I'd probably step away from it. But nonetheless, on watch.

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