Intraday Technical Analysis Of Broadcom Inc. - Friday, June 2

Spotlight on AVGO. AAATrade's intraday technical analysis reveals a fresh and insightful perspective on its trading today. Check it out.

Hello Traders and welcome to AAATrade’s Intraday Technical Analysis session.

Today’s instrument is the Broadcom Inc‘s stock traded in Nasdaq exchange under the ticker AVGO

Looking at the AVGO‘s chart, we see a significant upsize on its share price which was supported by the overall industry upsize due to the greater demand on chips where the stock reached a 52W high at $921.78 and then dropped to the last price of around $788.

Yesterday, Broadcom announced better-than-expected quarterly earnings and today we should expect it to rise towards the level of $800 and if it is able to pass it, then it might approach the level of $830-850.

Thank you for reading AAATrade’s Intraday Technical Analysis.

From all of us here, we wish you successful and responsible trading. 

(Click on image to enlarge)

AAATrade’s Intraday Technical Analysis of Broadcom Inc. - 02/06/2023

Get the full advantage of trading stocks with AAATrade. Open an account now.


More By This Author:

Daily Technical Analysis Of USDJPY - Thursday, June 1
Technical Analysis Of Dollar General Corporation
Daily Technical Analysis Of EURUSD - Wednesday, May 31

STOCKS IN THIS ARTICLE

Comments