AVGO just broke out of a 4th stage cup shaped base
AVGO just broke out of a 4th stage cup-shaped base. It appeared on ChartYourTrade's "Top 10 Setups in Bases" this weekend and was the number 1 ranked stock with an overall rating of 10. Here is a snippet of the notes that ChartYourTrade Gold members received on 5/23:
BASE TYPE = 4th stage cup shaped base
CLASSIC PIVOT = 136.28
ADVANCED PIVOT(s) = 130.90
SUPPORT = 121.30, 10, 21emas, 50dma.
NOTES: AVGO is part of the semiconductor sector which has been on fire of late. It is set to report earnings on Thursday. Its RS line is setting up to breakout ahead of price.
POINTS (+/-)
4th Stage Base (-.5)
Accelerating EPS (3 quarters or more) (+.25)
Accelerating Sales (3 quarters or more) (+.25)
Group Rank 1-40 (-0)
To learn more about ChartYourTrade's Top 10 Setups in Bases, click here: chartyourtrade.com/top-10-list/
BASE TYPE = 4th stage cup shaped base
CLASSIC PIVOT = 136.28
ADVANCED PIVOT(s) = 130.90
SUPPORT = 121.30, 10, 21emas, 50dma.
NOTES: AVGO is part of the semiconductor sector which has been on fire of late. It is set to report earnings on Thursday. Its RS line is setting up to breakout ahead of price.
POINTS (+/-)
4th Stage Base (-.5)
Accelerating EPS (3 quarters or more) (+.25)
Accelerating Sales (3 quarters or more) (+.25)
Group Rank 1-40 (-0)
To learn more about ChartYourTrade's Top 10 Setups in Bases, click here: chartyourtrade.com/top-10-list/