Price sits 2.16% above the 200-SMA and roughly 0.8% above the 50-SMA, keeping the long-term structure constructive while leaving the near-term tape in a tight compression zone. The MACD cross above signal, still beneath zero, flags improving momentum that has not yet become extended, corroborated by RSI near 59 — firm but with room before the 70 overbought band. The 50-SMA (372.69) is acting as dynamic support, and the 200-SMA (367.85) defines the deeper trend floor. A clean push through recent highs would confirm the inflection; failure to hold the 50-SMA would stall the thesis.
Wednesday 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, $AMZN, $COIN, $UNH.
5 of 5 plays
AVGO is coiling just above its stacked moving averages (50-SMA 372.69 > 200-SMA 367.85) at 375.81, with MACD curling higher (-2.32 vs -5.29 signal) — a classic trend-resumption inflection as momentum re-engages from a neutral RSI of 58.84.
EntryPreferred accumulation 372.70–375.80 (pullback into 50-SMA); breakout add-on trigger on a close above 378.50.
TargetsFirst target 385.00 (prior swing resistance / momentum extension) → Second target 395.00–398.00 (measured move from the base)
StopDaily close below 367.00 — invalidates the long bias as it breaks the 200-SMA and flips the stacked-MA structure.
Educational only. Not financial advice.