Broadcom To Rally?
| Jun 03, 2022 06:19AM ET
When we look at the Broadcom Inc (NASDAQ:AVGO) chart, we can see the spike from the $550 level on May 28 to the $580 level and the consolidation at the same level on June 1 it managed to reach as high as $590 but unable to move higher it returned to the $577 level forming support at the $568 level.
During yesterday’s, it mainly traded sideways and was last found trading at the $577 range. Today we can expect a move towards the $585 level, returning to the past week’s trading range. If it doesn’t manage to hold on to the current level, then a move below the $568 closest temporary support can be expected.
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