See how the Descending Triangle is playing out for AVGO. View live chart.
Bearish continuation pattern.
Traders are watching Broadcom (AVGO) as price action tightens. With a last close of $411.35, volatility remains active (4.7%). Price action has carved out a classic Descending Triangle. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $370.33, targeting $245.66 with support near $412.7 (R:R 2.94).
What is your outlook on AVGO?