Broadcom may rise to 202.30 - 209.20

169.3 is our pivot point.

Our preference

As long as 169.3 is support look for 202.3.

Alternative scenario

The downside breakout of 169.3 would call for 158.1 and 151.3.

Comment

The RSI is above 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 177.2875 and 166.8609).

Supports and resistances

216.1 **

209.2 *

202.3 **

195.3

179.99 (USD-last)

173.8

169.3 **

158.1 *

151.3 **

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