Broadcom - Just be careful...NASDAQ:AVGO is quite overextended and retesting resistance so you have to be careful.
Broadcom is rallying. This is a pretty obvious fact, considering that Broadcom is up roughly +330% over the past 1.5 years. Eventually we will see a correction, the only question is when and where. Currently, Broadcom is retesting a resistance trendline which has been pushing price lower for over a decade. Maybe this is a good area to close partials and monitor price closely.
Levels to watch: $1.840, $1.140
Keep your long term vision,
Philip - BasicTrading