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Broadcom Reached Our Price Target - Now What?

·2 min read
Broadcom Reached Our Price Target - Now What?
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In this updated daily bar chart of AVGO, below, we can see that prices managed to reach our $490 Point and Figure price target in February. The On-Balance-Volume (OBV) line shows some limited weakness since early April so there has been some profit taking. The 12-day price momentum study shows a low in March and a higher low in May telling us that the downside price momentum is slowing.