AVGO Long Idea
I think this one could go either way, but I like the odds of at least a small bounce here. It hit a major trendline support today and closed slightly below. We also have horizontal support in the area around $143. Semis seem bullish after AMD earnings and this is a major area so I'd expect bulls to defend.
If no bounce and hold of the trendline, I think we'd see $130 in short order.
If no bounce and hold of the trendline, I think we'd see $130 in short order.
Short Thesis:
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
advancedplays.com/short-thesis.pdf
Disclaimer:
The ideas I post do not always represent my positions and they are intended for educational purposes. Trading is risky, most traders lose money!
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