Broadcom may rise to 1883.00 - 1965.00

Our pivot point stands at 1481.

Our preference

As long as 1481 is support look for 1883.

Alternative scenario

Below 1481, expect 1350 and 1270.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day moving average (respectively at 1549.754 and 1418.7672).

Supports and resistances

2047 **

1965 *

1883 **

1803

1605.53 (USD-last)

1534

1481 **

1350 *

1270 **

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