Performance metrics and trade details for AVGO breakout.
Broadcom (AVGO) reported strong earnings on December 12th, leading to an 18% gap up at the open the next day. High volume surged in at the open, and the 1-minute ORH provided a great entry with a 1.8% risk using LoD as a stop.
The trade had strong potential, but market conditions changed on December 18th when the Fed turned hawkish.
Exiting on December 18th at the close secured a 4% gain, while an early exit on Day 2, when the stock looked extended, locked in a 16% gain.
