Intraday Technical Analysis Of Broadcom Inc.

By Staff of AAATrade.com

Friday, December 9, 2022 6:00 AM EST

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

Looking at AVGO‘s chart, we can see that it was lastly traded at around $531.

Last night, it announced better-than-expected quarterly earnings, and today we should expect it to test its resistance level at around $550-552. If it is not able to break through its resistance level, then we could expect a correction toward its support level at around $520 otherwise it would rise further toward its next resistance level at around $558-560.

(Click on image to enlarge)

AAATrade's Intraday Technical Analysis of Broadcom Inc. - 09/12/2022

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