AVGO | Broadcom – Institutional DSS ProjectionPrice has broken out of the descending channel and is testing early reversal confirmation.
Immediate resistance: $340.50 – $345.51
Mid-term target: $358.82 (Fib 2.618)
Extended projection: $379.42 (Fib 4.236)
Institutional model suggests accumulation in this zone, with upside momentum building if $334 support holds. Downside invalidation below $328.
📊 Watching for liquidity rotation from semis back into megacaps. AVGO aligned with tech-sector resilience ahead of earnings season.
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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.