Broadcom may rise to 209.10 - 218.40

Our pivot point is at 161.7.

Our preference

The upside prevails as long as 161.7 is support.

Alternative scenario

Below 161.7, expect 147.2 and 138.3.

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 175.036 and 163.9815).

Supports and resistances

227.5 **

218.4 *

209.1 **

200.1

176.05 (USD-last)

167.6

161.7 **

147.2 *

138.3 **

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