Broadcom’s stock price (AVGO) rose in latest intraday trading, accompanied by a surge in trading volumes, while trying to recoup some recent losses, as it also vents off oversold saturation in the Stochastic with positive signals streaming out of it, while the price was previously hurt by piercing the main upward trend line in the medium term, extending the downward correctional trend in the short term.  

Therefore we expect the price to return lower in upcoming trading, as long as it settles firmly below $157.55, targeting the support of $128.50.

Today’s price forecast: Bearish

The price of silver (SILVER) moved higher in cautious trading in its recent intraday sessions, affected by the break of a major bullish trend line. There is also the beginning of a negative divergence in the Relative Strength Index (RSI), along with emerging negative signals.

The price of Ethereum (ETHUSD) has slightly declined in its recent intraday trading, beginning to surrender to the surrounding negative pressures. This is occurring amid the dominance of the main bearish trend in the short term, with a negative divergence beginning to form in the Relative Strength Index (RSI), amplifying those pressures.

The price of Bitcoin (BTCUSD) declined in its recent intraday trading, stabilizing below $81,000 level. A negative divergence is beginning to form in the Relative Strength Index (RSI), reinforcing the negative scenario amid the dominance of the main downward trend.