Broadcom is testing the lower boundary of its long-term ascending channel. If this key support fails, a much deeper correction could unfold, with significantly lower price targets coming into play. However, this is a technical scenario—not a certainty. Confirmation of a breakdown is essential, and risk management remains crucial.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.