$AVGO has burst through the $186 top line after reporting earnings after the close yesterday and the market loved it, up +17% in the PM now, which is impressive for a company with a market cap of $843 Billion.
A number of PT's from analysts have come in this morning between $245 - $250 and this would put it above the extended 3.618 Fib at $230
So very bullish increases coming in.
The main reason for the climb is the upbeat first quarter revenue forecast
The sector needed this bullish injection and we spoke about this yesterday, it may have it now.
Mr Handsome
2024-12-13 12:51:04 +0000 UTC