Broadcom sharpens decline - Analysis - 21-09-2022

Boradcom's stock (AVGO) fell in the intraday levels amid the dominance of the downward correctional trend in the short term, with negative signals from the RSI, coupled with negative pressure from the 50-day SMA. 

Therefore we expect more losses for the stock, targeting the important support of 463.90, provided the resistance of 514.00 holds on.

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Expected trend for today: Bearish