The real test
$Broadcom (AVGO.US)$ This was going to be brutal and it is almost over. The real test is on Monday leading into stock split when we know if this is a really desirable stock.
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An analyst building the trader mindset with deep understanding of day trading and value investing.
My comments are NFA
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whitefang : Their stock split is on 07/15/2024 (Monday).
I am expecting it to recover next week. It is down considerably from its highs (1880$).
Also 4hr chart is oversold. Expecting a bounce from here. It's my theory let's see.
peter kim344 : not the friendly stock compared to nvda. no smooth increase
whitefang : Today is unique for the market because of options expiry and it is expected to have a volatility. Hoping to recover next week.
R30R OP whitefang : True. Three weeks leading into stock split and a surge in short interest, I'm hoping there is some healthy rally.
R30R OP peter kim344 : I just think it is not as popular as nvda for no apparent fault. At the end of the day, it is a stock and means to make money. Like you indicated, I'm hoping there is more healthy volume next week. Finishing next week above 1800 will be a huge win.
Silverbat : OMG! Hopefully good news to push to new highs aft stock split