Broadcom may fall to 114.20 - 123.10

Our pivot point stands at 165.7.

Our preference

The downside prevails as long as 165.7 is resistance.

Alternative scenario

Above 165.7, look for 181.1 and 190.1.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 164.4194 and 155.3816).

Supports and resistances

190.1 **

181.1 *

165.7 **

159.6

151.63 (USD-last)

132.1

123.1 **

114.2 *

105.2 **

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