Broadcom may fall to 105.10 - 113.80

Our pivot point is at 157.1.

Our preference

The downside prevails as long as 157.1 is resistance.

Alternative scenario

Above 157.1, look for 172.2 and 181.3.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 160.0007 and 156.1732).

Supports and resistances

181.3 **

172.2 *

157.1 **

151.3

143.82 (USD-last)

122.4

113.8 **

105.1 *

96.5 **

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