AVGO is screaming earnings winner consolidation.
Here’s what jumped out at me this week: While everyone keeps asking “when do we short this market?” AVGO just finished painting the textbook post-earnings setup I’ve been waiting for.
We’re talking about a daily squeeze with momentum shift after a perfect consolidation – that beautiful phenomenon where earnings winners build sideways energy before the next major leg higher.
The kind of setup where the market structure just speaks to you.
Yesterday’s action around the POC gives us the exact entry level we want before this thing breaks to new highs. And with this daily signal firing? The setup gets even cleaner.
In today’s video, I break down:
- Why AVGO represents the perfect earnings winner pattern
- The exact 346 level triggering my entry alert
- Multiple option strategies to capture this move (November calls, spreads)
- The 388 Fibonacci extension this pattern projects
- How daily TPS setups amplify breakout potential
YOUR ACTION PLAN
I’m targeting the November 21st $350 calls to capture the full extension move.
Looking for entry around 345-346 POC with a stop under 338 volume profile support. Risk-reward makes sense – we’re only asking for a $4-5 pullback to get positioned for a potential 40+ point extension.
When daily squeeze patterns align with earnings winner momentum, that’s when you strike.
WATCH THE FULL TECHNICAL BREAKDOWN HERE