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Reading: Will Broadcom (AVGO Stock) rise further towards the 560 level?
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LazyTrader > Insights > Forex > Will Broadcom (AVGO Stock) rise further towards the 560 level?
Forex

Will Broadcom (AVGO Stock) rise further towards the 560 level?

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

Looking at the 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 towards its support level at around $520 otherwise it would rise further towards its next resistance level at around $558-560.

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Team Lazy December 9, 2022
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