Price sits only 2.16% above the 200-SMA, with the 50-SMA now trading above the 200-SMA, confirming the longer-term uptrend structure remains intact. RSI at 58.84 is constructive but not extended, leaving room before overbought conditions near 70. MACD at -2.32 versus signal -5.29 shows a clear bullish crossover from a washed-out level, suggesting momentum is inflecting higher. The confluence of the 50/200-SMAs just below spot (367–373) creates a well-defined demand shelf.
Tuesday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $PG, $SPY, $CAT, $HIMS, $AMZN, $UNH.
5 of 5 plays
AVGO is coiling just above its 50-SMA (372.69) and 200-SMA (367.85) with price at 375.81, forming a tight stack of support beneath the tape while MACD curls up from below zero — a classic trend-reassertion setup after a pullback.
EntryAccumulate on pullbacks into the 372.00–374.00 zone (50-SMA retest), or on a momentum break and hold above 378.00 on expanding volume.
TargetsFirst target 388.00 (recovery of recent swing supply) → Second target 400.00 (round-number magnet, roughly 8.7% above the 200-SMA)
StopDaily close below 367.00 (under the 200-SMA) invalidates the long thesis, as it would break the trend structure and flip the moving-average stack back into contention.
Educational only. Not financial advice.