Broadcom stalls - Analysis - 15-11-2022

Broadcom's stock (AVGO) fell in the intraday levels on profit-taking, while gathering momentum to rise anew, while weighed down by piercing the downward short-term trend line, with positive support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 560.55, provided the support of 489.70 holds on.

Expected trend for today: Bullish