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AVGO

BroadcomTechnology
$326.66-3.88%
Descending Triangle
0CP IndexWeak
How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics:

  • Trend Alignment (SMA)
  • Volume Confirmation
  • Pattern Clarity
  • Momentum (RSI)
3 Month Interval$326.66
DECJANFEB
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AVGO Chart Update

See how the Descending Triangle is playing out for AVGO. View live chart.

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Quick Actions

Trade Plan: Descending Triangle

Risk/Reward
1:1.15
Entry
$295.30
Stop
$352.34
Target
$229.94

Chart Pattern

Descending Triangle

Bearish continuation pattern.

Market Analysis

Market participants tracking Broadcom should note the latest formation. Price has moved to $326.66 (-1.36%) amidst recent volatility. Algorithmically, a **Descending Triangle** structure has completed. Volume is average (0.4x avg) with moderate trend strength (2.0). A potential breakout level is identified at **$295.3**, targeting **$229.94** with support near **$352.34** (R:R 1.15).

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Peer Analysis

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Pattern Peers

Wfc Descending TriangleHpq Descending TriangleBby Descending TriangleMa Descending TriangleBac Descending Triangle

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