$Broadcom(AVGO)$ NOV20 345C, s

$Broadcom(AVGO)$ NOV20 345C, still actionable.

Zone: $332.25 to $336.93

Invalidation: close under $328.80

Objectives: $355, then $375

The math works out to a 6.1% move to the first objective and 12.1% to the second, against 1.7% risk at the invalidation level. That's roughly 7 to 1 to the second objective.

Broadcom closed at $334.59 after holding $333.82 during the session and staying well above the $328.80 low from last week. Sellers pressed and price did not collapse. To me, that looks like a swing setup: a washed out name holding a real level, with room back toward $355 first if buyers keep showing up. A close under $328.80 would mean that floor gave way.

One thing I'm watching: $340.20. That was the high on the latest session, and a close above it would show buyers pressing rather than just holding.

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