Kiwi Tigress
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@Barcode$Broadcom(AVGO)$ 🅽🅴🆄🆃🆁🅰🅻 📊 AVGO: The Breakout Watch Continues! 📊 Broadcom ($AVGO) is currently trading at $237.06 🇺🇸 (open market as of 18 Dec, 🇳🇿NZ Time), down 5.18% on the session. But don’t let today’s dip fool you – this setup is building 🔥! 🔹 🔑 Key Fib Levels to Watch: • Support: $236.72 (tested intraday) • Resistance: $240.65 → $246.27 🚀 • Fibonacci Targets: $225.7 → $233.56 → $246.27 💡 What’s Driving AVGO? • AI Boom: Broadcom remains a key player in AI chips and cloud infrastructure, powering world-class data centres. • Analysts have called AVGO’s momentum its own “Nvidia Moment”, spotlighting AI-driven demand. • Institutional confidence is strong: State Street Corp recently lifted holdings, now owning 3.18% of AVGO. 🔎 Technical Setup: The chart shows a wedge pattern 📐 forming, with support holding firm. A break above $240 could send AVGO soaring into $246+ levels, with a bullish eye on $250+ into Q1 2024. 🧐 Fun Fact: Did you know Broadcom chips are inside major AI powerhouses, including servers running cutting-edge machine learning algorithms? AI is not just the future, it’s Broadcom’s present. Eyes on the prize: Are we ready to watch AVGO smash $240 and climb the ladder into the new year? 📈 What do you think, Tigers? Is AVGO gearing up to soar? 🐯🚀 Happy trading ahead! Cheers, BC 📈🍀🍀🍀 @Tiger_comments @Daily_Discussion @TigerPM @TigerStars @TigerPicks @Daily_Discussion @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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