Entry Price

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Jay Champ
Feb 21, 2025 09:45 AM 0 Answers
Member Since Jan 2025
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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!

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