See how the Diamond is playing out for AVGO. View live chart.
Indecision. Widening then narrowing range.
Bearish continuation if preceding move was down.
Traders are watching Broadcom (AVGO) as price action tightens. The stock is trading at $314.55, up 0.34% on the day. Algorithmically, a Diamond structure has completed. This setup is supported by average volume turnover. A potential breakout level is identified at $289.96, targeting $227.52 with support near $321.18 (R:R 2.0).
What is your outlook on AVGO?