Broadcom (AVGO) is triggering a powerful breakout today

AVGO – High Tight Flag + Range Breakout Setup
Broadcom (AVGO) is triggering a powerful breakout today with two bullish patterns stacking up — a high tight flag and a larger range breakout.

🔹 High Tight Flag Breakout

Price action has been coiling tightly just under recent highs — a textbook high tight flag formation.

These setups often lead to strong continuation when they break with volume.

🔹 Range Break in the Works

We're now pushing through the $233–$234 zone, a key resistance level that has capped price recently.

A breakout here opens the door for a major trend continuation.

🔹 My Trading Plan:
1️⃣ Position: I’m playing the $235 calls for next week.
2️⃣ Entry Trigger: Breakout through the $234 level with volume.
3️⃣ Stop Loss: Stop will be based on intraday price action — likely below the 9 EMA or breakout level to manage risk.

🔹 Why This Setup Has Juice:

Strong consolidation near highs is a sign of strength, not weakness.

This is the kind of pattern where institutions start piling in.

Dual setup (flag + range breakout) increases probability of follow-through.

⚠️ Risk Management: Tight stop under breakout zone — manage risk, stay nimble.