Broadcom - This Chart Is Just Splendid!Broadcom ( NASDAQ:AVGO ) is starting the rejection:
Click chart above to see the detailed analysis👆🏻
For the past decade, Broadcom has been trading in an obvious rising channel formation, perfectly rejecting the upper resistance as well as the lower support trendline. With the recent weakness, Broadcom is now preparing for a clean rejection away from the major reversal area.
Levels to watch: $250, $150
Keep your long term vision,
Philip (BasicTrading)