Broadcom may rise to 210.70 - 220.30

Our pivot point stands at 162.6.

Our preference

The upside prevails as long as 162.6 is support.

Alternative scenario

Below 162.6, expect 146.9 and 137.6.

Comment

The RSI is above 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 170.3125 and 160.4943).

Supports and resistances

229.9 **

220.3 *

210.7 **

201

180.73 (USD-last)

168.8

162.6 **

146.9 *

137.6 **

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