Broadcom looks very bad technically: it failed to rise and the speaker expects a decline into March or possibly April, citing declining resistance, a negative cycle, and negative momentum across indicators, including a weak weekly chart; he advises maintaining short options positions.

Broadcom "AVGO" is another stock. And this arrow , as you can see, unfortunately, is a terrible turn to the left. So, the bottom is here somewhere. It tries to rise, then falls.

This suggests a decline here until March or possibly even April. We are looking at a very bad situation here. You can see that this will be the cycle that will form there. Therefore, this is not a good situation.

Those resistances are in a state of decline. Look at this negative cycle as it was formed right here. Negative momentum. You see, there was a negative momentum throughout all of this.

Maintain your options positions by selling short. He became neutral here for a short time, then returned to negativity again. See these sell warnings here on the Slim Ribbon PO indicator .

Negative momentum. Negative momentum. Negative momentum. So, all of that . Then here it failed to rise in that last cycle, and then turned sharply lower. This is not a good position to be in , and look at the negative momentum here on the " Reversal Scott" indicator on the weekly chart. It's awful when you look at it .