Ever Hear Of A Coiled Spring?

AVGO daily chart is setting up for a huge breakout, should the right market conditions present themselves.

Trading at only 14x FWD EV/EBITDA, this cheap semi conglomerate has a lot of upside should XLK continue its outperformance and the market remains how it has been.

Earnings revisions have been trending upwards as well.

Fiscal EPS Esti YoY Gwth 1M Trend 3M Trend 6M Trend
Oct 2021 27.60 24.56% 0.00% 2.44% 4.68%
Oct 2022 30.11 9.10% 0.00% 3.60% 6.22%
Oct 2023 31.98 6.18% 0.00% 4.22% 24.76%
Oct 2024 31.87 -0.33% 5.92% 16.48% -
Oct 2025 33.29 4.46% 6.97% - -

Something to keep an eye on.

Cheers!