Support / Resistance 📈📉:
Support: $328.50–$330.00, $315.00–$318.00, $308.00
Resistance: $345.00–$348.00, $360.00, $375.00
Outlook 📝:
AVGO has recently pulled back into a high-volume demand zone following broader sector consolidation, currently finding interim support around the $328.50–$330.00 region.
If buyers defend this baseline, we could see a short-term relief bounce toward primary resistance at $345.00–$348.00. A high-volume breakout and hold above $348 clears the pathway for a broader trend recovery back toward $360.00 and $375.00.
Conversely, if selling pressure pushes AVGO below $328.50, watch for a drift down toward the primary structural floor at $315.00–$318.00. This key support belt aligns directly with our $317.50 strike zone, offering strong technical protection for short put positions.
Profit Target 🎯:
Looking to buy back to close at 20%–50% profit ($4.10–$2.46 premium remaining) or let theta decay work into expiry. Stop-loss at same %. Do not follow my stop-loss as my risk appetite is bigger.
Trade safe, Tiger friends! [666]
Comments