Broadcom may rise to 2034.00 - 2124.00

Our pivot point stands at 1582.

Our preference

As long as 1582 is support look for 2034.

Alternative scenario

The downside breakout of 1582 would call for 1438 and 1352.

Comment

The RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 1616.5765 and 1454.6364).

Supports and resistances

2212 **

2124 *

2034 **

1944

1703.31 (USD-last)

1640

1582 **

1438 *

1352 **

Number of asterisks represents the strength of support and resistance levels.