BROADCOM's 15 year chart is why you will regret not buying now.Broadcom Inc. (AVGO) has been on a strong correction in the past 4 months, completing so far 3 straight brutally red 1M (monthly) candles since January, having broken below its 1W MA50 (blue trend-line).
This month, it hit its 1W MA100 (green trend-line) for the first time since November 2022. This
Key facts today
Rosenblatt has revised its price target for Broadcom (AVGO) to $223, down from a previous target of $250.
0.050 USD
4.94 B USD
43.21 B USD
About Broadcom Inc.
Sector
Industry
CEO
Hock E. Tan
Website
Headquarters
Palo Alto
Founded
1961
ISIN
ARBCOM4603J5
Broadcom Inc. is a global technology company, which designs, develops, and supplies semiconductors and infrastructure software solutions. It operates through the Semiconductor Solutions and Infrastructure Software segments. The Semiconductor Solutions segment refers to product lines and intellectual property licensing. The Infrastructure Software segment relates to mainframe, distributed and cyber security solutions, and the FC SAN business. The company was founded in 1961 and is headquartered in Palo Alto, CA.
Broadcom May Be OverboughtBroadcom has bounced sharply from its early-April lows, but some traders may see risk of another push to the downside.
The first pattern on today’s chart is $186.90, a weekly low from mid-March. The chip stock has been trapped below that level, which may suggest old support is new resistance.
Sec
Broadcom Approaches Major Resistance
Broadcom has rebounded +30% off its March lows, recovering from recent weakness.
The stock is currently testing the 200-day moving average ( around 183) but has so far failed to break above it.
It now faces a confluence of resistance near $185 — a key level to monitor for potential rejection or bre
Optimistic Outlook for AVGO: Long Position Targeting $195–$198 N- Key Insights: Broadcom (AVGO) stands at a critical juncture within the
semiconductor space, trading near resistance levels at $184–$185. While the
sector remains soft, AVGO benefits from favorable developments, including
anticipated tariff exemptions and growth in AI, cloud computing, and 5G
Bear Flags: $NVDA first, then $AVGO In this AI Mega cycle there were 2 clear visible winners. NASDAQ:NVDA and $AVGO. Broadcom ( NASDAQ:AVGO ) has had a late bull run in the AI super cycle which started in 2022 and was ongoing until Dec 2024. During this tariff-based bear run NASDAQ:NVDA is almost down 40%. The same is true for Bro
BROADCOM Megaphone bottom hit. Will it hold?Broadcom Inc. (AVGO) has been trading within a Bullish Megaphone pattern since the January 05 2024 Low and this week it hit its bottom (Higher Lows trend-line). This technically concludes the Bearish Leg and should start the new Bullish Leg.
The last Bullish Leg's initial rebound hit the 0.786 Fibo
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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