Broadcom may rise to 1587.00 - 1644.00

Our pivot point is at 1310.

Our preference

The upside prevails as long as 1310 is support.

Alternative scenario

Below 1310, expect 1219 and 1163.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 1315.289 and 1310.9878).

Supports and resistances

1699 **

1644 *

1587 **

1532

1395.29 (USD-last)

1346

1310 **

1219 *

1163 **

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