AVGO - Continuation of movement within the ascending channel + potential for a breakout to new historical highs. 🔍 Rationale:• After a strong correction in the first quarter of 2025, the price formed a reversal and has been moving in a clear ascending channel since the beginning of May.
• The channel support and resistance are clearly being worked out, the price is steadily bouncing off the lower border.
• Bollinger Bands show a narrowing - momentum is possible.
• Trading volume is stable, there are no signs of a strong sell-off.
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