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Save your seatAVGU ran from roughly $41 in mid-April to a new high near $52.43 by late May as Broadcom strength and AI infrastructure momentum pushed the 2x product higher.
The stock has the potential to go down if it loses $49, and that could open a fade toward $45 to $46. Any weak reaction to Broadcom earnings on June 3 or cooling AI chip sentiment would accelerate the downside.
If AVGU holds the $49 to $50 area on volume, a push back toward $52.40 to $55 is on the table. Resistance at $52.43 is the first hurdle.
We don't currently have information about GraniteShares 2x Long AVGO Daily ETF's earnings.