Weekly Wiretap Pick Of The Week AVGO

MAX Trade Potential: 190%

My Trade Plan Details:

• AVGO June 6 $250 Calls around $4.50 to $5
  

• Stop: AVGO closes below $235

• Target 1: $245
  
• Target 2: $248
  
• Target 3: $250
  

My Reasoning:

From a charting perspective AVGO is in a long ascending triangle pattern with a major breakout around $250 that could potentially shoot this idea much higher. I like a stop around $230 and a target of $250s right now. I would like to see if I can get into AVGO here on a dip this morning if markets fade on PMI. If we jump, then I’ll adjust but please note I will only ALERT you if I do indeed BUY the options. If no alert then that means I have not bought the options yet.