$Broadcom(AVGO)$ Just looking

Just looking at the technical analysis without fundamentals:

1. Call put ratio suggests pull back. Possibly 1620-40. (This is for next week). After that sharp upward trend.

2. Following two weeks suggest gains in all likelihood to 2000 followed by pull back again to test 1800.

3. Price will bounce between 1800-2000 till next earnings which will determine upside or downside.

Probability of price being below 1800 or above 2000 on July 26 was 31 %.

Again this is just maths after doing numbers on volume, option, credit debit spread and theta diligence.

The global semiconductor industry has been evolving and growing steadily. Semiconductors are the foundation of contemporary electronics. What companies in your watchlist? Do you have special comments to share?

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