$Broadcom(AVGO)$ NOV20 335C, still actionable.
Zone: $323.80 to $328.36
Invalidation: close under $319.30
Objectives: $345.70, then $367.67
The math: up 6.0% to the first objective and 12.8% to the second, against 2.1% risk on the invalidation, better than 6 to 1 to the second.
I like this swing because Friday flushed it to $319.30 and buyers still closed it back at $326.08, above the Oct 23 low. You are buying the washout with a clean line underneath it, not chasing a fresh high. The zone is tight and the invalidation is clear, so you know where you are wrong before the move starts. If $319.30 holds, $345.70 is the first spot to watch for buyers pushing back toward the prior close.
Watch: $331.98, the Friday high. A close over it shows buyers taking back the range.
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