Broadcom may rise to 1917.00 - 2002.00

1482 is our pivot point.

Our preference

The upside prevails as long as 1482 is support.

Alternative scenario

Below 1482, expect 1346 and 1265.

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 1510.3375 and 1396.8288).

Supports and resistances

2086 **

2002 *

1917 **

1832

1593.82 (USD-last)

1537

1482 **

1346 *

1265 **

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