Broadcom may rise to 1577.00 - 1627.00

Our pivot point stands at 1331.

Our preference

As long as 1331 is support look for 1577.

Alternative scenario

Below 1331, expect 1248 and 1199.

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 trading above both its 20 and 50 day moving average (respectively at 1383.5 and 1336.4316).

Supports and resistances

1679 **

1627 *

1577 **

1526

1406.64 (USD-last)

1363

1331 **

1248 *

1199 **

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