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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.
π My current view: Cautiously Bullish
Key levels Iβm watching:
π’ $340β350 β Major support
π΅ $360β380 β Current accumulation zone
π $400β420 β Key resistance
π΄ $435β450 β Breakout confirmation
π $495 β Previous high
The weekly structure remains constructive as long as the rising trendline holds. A convincing breakout above $435β450 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:
75β80% 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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