Broadcom Rallied. Now it’s Pulled Back.Broadcom surged to new record highs two weeks ago and now it’s pulled back.
The first pattern on today’s chart is the gap on September 5 after results beat estimates and management revealed a new large customer. That surge may reflect bullish sentiment in the chip stock.
Second, AVGO went on to ma
Key facts today
Broadcom (AVGO) is a key holding in the new Rainwater Equity ETF, focusing on firms with recurring revenue. Its shares rose 46% this year due to a major AI customer and large chip orders.
Broadcom is a customer of Samsung's high-bandwidth memory (HBM) chips, contributing to Samsung's efforts to strengthen its HBM business amid competition from market leader SK Hynix.
0.08 USD
4.94 B USD
43.21 B USD
About Broadcom Inc.
Sector
Industry
CEO
Hock E. Tan
Website
Headquarters
Palo Alto
Founded
1961
ISIN
ARBCOM4603J5
Broadcom Inc. is a global technology company, which designs, develops, and supplies semiconductors and infrastructure software solutions. It operates through the Semiconductor Solutions and Infrastructure Software segments. The Semiconductor Solutions segment refers to product lines and intellectual property licensing. The Infrastructure Software segment relates to mainframe, distributed and cyber security solutions, and the FC SAN business. The company was founded in 1961 and is headquartered in Palo Alto, CA.
Related stocks
$AVGO – Strong Uptrend Intact, Backed by Robust Fundamental GrowSTRONG BULLISH | Ticker: AVGO (Broadcom Inc.) | Timeframe: Daily/Weekly
NASDAQ:AVGO is demonstrating a powerful and sustained uptrend, and the recent Q3 FY25 earnings report provides fundamental confirmation that this momentum is well-supported.
📈 Technical Perspective:
The stock is in a cl
Climax top on earningsNASDAQ:AVGO could have made a climax top in its final run on its earnings call.
Reasons:
1. Huge RSI divergence on daily
2. Huge reversal on highest volume
3. Its NASDAQ:SMH peers like NASDAQ:NVDA , NASDAQ:AMD continue to fall with more downside.
4. 1 Hour count on what I believe the final
Broadcom at ResistanceBroadcom is at $326 resistance. It's accelerated well past it's historical trend line. This brings up concerns of over excitement.
While IXCO and SOX are still showing room for semiconductors to run as a broad group I would speculate AVGO is likely going to be left out as NVDA catches up. (NVDA hit
AVGO: The Top Could Be Seen Since AprilUsing the fib retracement tool, I was able to determine the top of AVGO since July, but there have been clues dating back to April that $356 was the top. The fibonacci retracement is an excellent way to determine future supports and resistances and is used by top traders around the world.
AVGO - LONG Swing Entry PlanNASDAQ:AVGO - LONG Swing Entry Plan
E1: $ 280.80 – $ 277.00
→ Open initial position targeting +8% from entry level.
E2: $ 274.50 – $ 270
→ If price dips further, average down with a second equal-sized entry.
→ New target becomes +8% from the average of Entry 1 and Entry 2.
AD: $ 247.50 – $ 243.
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Curated watchlists where AVGOD is featured.