Steve Miller on $AVGO (Oct 31, 2026)
Broadcom is technically a very bad situation: decreasing resistances, negative momentum with repeated sell warnings, and a sharp downward turn after failing to rise. The speaker expects a decline into March or possibly April and would tilt options positions toward short selling.
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Broadcom (AVGO) is another one . And you can see this, oh my god, this is a terrible turn to the left. So, the bottom will be somewhere here. 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 right there. So, this is not a good situation.
Ah, these resistances are decreasing. Look at this negative cycle as it has formed right here . Negative momentum. She sees it as a negative momentum throughout all of this. Make your options positions tilted for short selling .
It switched to a neutral position here for a short time and then went negative 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 fails to rise in that last cycle and turns sharply downward. This is not a good position to be in, and look at the negative momentum right here on the reversal spotter on the weekly chart. It's awful when you look at it .
What this channel has said about $AVGO
Steve Miller has 3 calls on this stock; only the adjacent ones are shown.