Broadcom may rise to 202.10 - 213.40

Our pivot point is at 149.1.

Our preference

The upside prevails as long as 149.1 is support.

Alternative scenario

Below 149.1, expect 130.6 and 119.7.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 154.1995 and 161.0281).

Supports and resistances

224.7 **

213.4 *

202.1 **

190.8

166.36 (USD-last)

156.3

149.1 **

130.6 *

119.7 **

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