$AVGO | Watchlist | Buy Limit |

9月3日

Technical Confluences:
- Stochastics is moving towards Oversold conditions
- Elliot Wave count seems to have completed a Wave 4 (A,B,C count) and is starting it's Wave 5 move (assuming it is not an extended Wave 4
- Price has formed new Supply Zone area with the price rejecting that Zone 3 times and has formed a descending Trendline

Fundamental Confluences:
- Broadcom is considered a leader in semiconductor domains and it has a diverse product range; making them sought after in technological ecosystem
- Good management team that focuses on M&A for strategic growth and market pentration
- Good amount of FCFs which helps in their dividend policies

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AVGO will be releasing it's earnings soon and if there is any opportunity arising, I have placed orders to buy AVGO at my Buy Limit Zone areas.

If earnings is stellar, price should continue to test the Supply Zone again and if that breaks, I will likely aim for a Buy Stop order above the Supply Zone.

Will be putting this on my Watchlist.

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