Broadcom may rise to 201.00 - 216.00

Pivot

159.00

Our preference

Long positions above 159.00 with targets at 201.00 & 216.00 in extension.

Alternative scenario

Below 159.00 look for further downside with 146.90 & 137.60 as targets.

Comment

The RSI calls for a new upleg.

Supports and resistances

229.90

216.00

201.00

182.31 Last

159.00

146.90

137.60

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