Entry Price
Hello Marty. Thanks for never giving up 🙂
AVGO is currently trading at 224.86 however your "ready list" entry price is 237.89. I am not clear how to play this, do I wait for price to hit your entry price (237.89 or above) or do I buy now at a lower price. I would think the former but am not sure. Thanks for your help 🙂
AVGO has been drifting lower and further away from its pivot point. The action in this stock is showing weakness as it traded below its 50sma on Friday. I do not like buying weakness.
I want to buy stocks showing  strength and being accumulated by the large institutions. Often times I will post that I only like a stock trading  above a certain price point. This means I wait until it hit that price point or no trigger. If there is no trigger then there is no entry.
Broadcom is a leader in the semiconductor sector and I like the stock quite a bit. However, it must trade at or above that pivot point or I am not interested. I may pay more for the stock but I believe my chances of success are much better.
I hope this helps!
