TheMarketLens101
08-24 18:09

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AVGO remains one of the key beneficiaries of the AI infrastructure cycle, but technically the stock is still in a consolidation phase.

πŸ“Š My current view: Cautiously Bullish

Key levels I’m watching:

🟒 $340–350 β€” Major support

πŸ”΅ $360–380 β€” Current accumulation zone

🟠 $400–420 β€” Key resistance

πŸ”΄ $435–450 β€” Breakout confirmation

πŸš€ $495 β€” Previous high

The weekly structure remains constructive as long as the rising trendline holds. A convincing breakout above $435–450 would strengthen the case for another move toward the previous high.

For a 12M FCN, if the priority is reducing KI risk rather than maximising coupon, I prefer:

75–80% Strike | 60% KI

At around $221, the 60% KI sits near an important historical support / consolidation zone, providing a stronger downside buffer if the current trendline breaks.

Would you choose 65%, 60% or 55% KI for AVGO?

#AVGO #Broadcom #Stocks #Investing #TechnicalAnalysis #FCN #StructuredProducts #AIStocks #Semiconductors #StockMarket$Broadcom(AVGO)$  $NVIDIA(NVDA)$  $Advanced Micro Devices(AMD)$  

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