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Broadcom Corporation Message Board

  • help4all1332 help4all1332 May 10, 2011 12:57 PM Flag

    BRCM technical is very bearish

    50 day MA crossed 200 MA just a few days ago. This is known as DEATH CROSS and it is obvious from its name what will happen.

    It takes minimum of 30 trading days from death cross to see any stability in brcm price. 50 DMA has to come down to near current price and it takes at least 30 days. If price drops more then it will be a disaster. something like RIMM.

    So, there is no quick fix to this problem and most investors know the following facts.
    1- Shorts are not covering since brcm has more room to drop. More red days ahead.
    2- New investors are sitting on sidline and waiting for price stability.
    3- Current investors are selling before losing more.

    All in all, expect more pain ahead. Minimum 30 days. The worst thing is that the market is at its top and brcm at its 52 weeks low. This is a disaster and no fix for it. BRCM fundamentals become questionable.

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