AVGO - Underrated titan in vulnerable spot

• Three lower lows and lower highs ---
  
• below VWMA (early) -
  
• Decreasing volume --
  
• Bearflag setup on daily ---
  
• Good volume in the demand zone ++
  
• IF market shows strengths next week, possible that it tests 625 zone, where it runs into big supply. Breakdown there could slide this to recent low near 500.
  

Trade ist aktiv:

Volume still low, and into heavy supply...I expect weakness to start soon.

Trade ist aktiv:

Today is the day ramp down has started...let's see if there is follow through.

Kommentar:

Bingo..first target 560

Trade wurde manuell geschlossen:

I still have short bias, but hard to stay in the trade with the current price action. Price above VWMA could push higher.

Kommentar:

Leaders lead...formed a flag on daily and brokeout for the test of ATH.