Broadcom may rise to 199.50 - 210.60

Our pivot point is at 148.4.

Our preference

The upside prevails as long as 148.4 is support.

Alternative scenario

Below 148.4, expect 130 and 119.1.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 151.6455 and 158.8751).

Supports and resistances

221.7 **

210.6 *

199.5 **

188.3

165.72 (USD-last)

155.5

148.4 **

130 *

119.1 **

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