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$AVGO Pullback Setup
$AVGO is back on my watchlist after this pullback.
Price has been consolidating between roughly $370–$420, with the stock now sitting near the 0.5 Fibonacci level around $394.
The key level for me is $417. A clean daily reclaim could open the door toward $451, with the previous high near $495 as the bigger target.
On the downside, $370 remains the level to watch. A decisive break below it would weaken the setup.
Bias: cautiously bullish. I’d rather wait for confirmation than chase here.
Watching $417 closely.
#GateStockInsightsChallenge