peepzy
10-22 03:54

$Broadcom(AVGO)$ Near-term base case is $351–$360 within 2–3 weeks. The Oct 28–29 earnings wave from MSFT/META/GOOGL is the trigger. A strong AI capex week could see AVGO trade back toward $375–$390 before November.

AVGO is the most oversold it has been in months. RSI bottomed at 34.76 on Oct 16 and is now recovering. Price is above the lower Bollinger Band at $327. The high-volume fear days, including 29.8M shares on Oct 16, are behind us. The stock looks like it's stabilizing.

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