Price at 374.45 is wedged between overhead resistance at the 50-SMA (404.08) and structural support at the 200-SMA (363.41), keeping the medium-term uptrend intact but the short-term tape corrective. RSI at 44.97 is neutral-to-soft, leaving room to run before any overbought constraint, while MACD at -3.59 above its signal at -5.52 confirms downside momentum is decelerating and turning higher. The narrow 3.04% cushion to the 200-SMA is the pivotal line: holding it preserves the long thesis; losing it flips the character of the trend. Scores (inflection 60, profit-probability 83, trade-quality 88.6) support a constructive but disciplined long stance.
Thursday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 4 long, 0 short. Trade your plan and manage risk first. Also screened: $HD, $RDDT, $SPY, $AMZN, $ETOR, $NVDA.
5 of 5 plays
AVGO is testing its role as a semis leader after a pullback that has price sitting just 3.04% above the rising 200-SMA (363.41) while trading below the 50-SMA (404.08) — a classic mean-reversion inflection where trend support meets a fading downswing.
EntryStage entries: initial tranche 372–376 on stabilization near current price, add-on trigger on a reclaim of 385 that confirms MACD crossover follow-through.
TargetsFirst target 404 at the 50-SMA, where prior distribution is likely to cap the first leg. → Second target 420–425 on a decisive 50-SMA reclaim, opening the path back toward recent highs.
StopDaily close below 361 (just under the 200-SMA at 363.41) — a break there invalidates the trend-support thesis and signals a regime shift from pullback to breakdown.
Educational only. Not financial advice.