Chart of the Day: Can We Trust Broadcom to Stay in This Channel?
The stock had a powerful move in November 2025 but has gone nowhere since.
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Broadcom Stock
The magic of charting and technicals is being able to see patterns develop over time that tend to repeat. We look for clues of these repeatable instances often and believe logically they will play out similarly in the future.
For instance, a long base formed may be the result of big institutions continually buying the stock on dips along with weak-handed holders selling at resistance. If we understand that following the big money often wins, then we might see a long base as a great moment to add shares.
Take Broadcom (AVGO) , which is working on a three-month flat base with only moderate volume trends. MACD is just crossing over for a sell signal, money flow is weak and the stochastics (momentum) is down.
The ADX is starting to move up, the strength of the trend is weak, but getting more powerful. Candles are purple/pink which reflect bearishness.
Still, until the $300 level fails to hold we'll simply wait it out and consider adding more shares on the dip.
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We like Broadcom in TheStreet Pro Portfolio and rate it a One, or "buy at anytime."
