Broadcom may rise to 1578.00 - 1630.00

1322 is our pivot point.

Our preference

As long as 1322 is support look for 1578.

Alternative scenario

The downside breakout of 1322 would call for 1237 and 1186.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 1378.4515 and 1334.6734).

Supports and resistances

1682 **

1630 *

1578 **

1527

1401.27 (USD-last)

1355

1322 **

1237 *

1186 **

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