AVGO - Not much left for Northbound travels

13 de mar. de 2023

Long-term this champion looks in need of a much needed respite from all of its journeys northbound. It still appears to have some energy left in the tanks, so another higher high is not out of the cards. IMO this has the look of a titan that will likely shift focus to acquiring more vertical integration type of companies, hence capping upside potential. If a new high is reached, then this is likely the continuation of (5) via a wave v of (5) - target 850ish - note alt count. Losing 540 on a daily close would shift odds to the more immediate corrective count and likely eliminate another higher high. GLTA!