Broadcom shares fell nearly 4% on Monday, along with other chipmakers, as investors booked profits in top-performing stocks riding the AI wave. Momentum shifted last Tuesday with a new high followed by a sell-off, evident in three red bars with high volume. Key retracement levels to watch are $1,410, $1,225, $1,150, and $1,000. Look for bullish patterns to signal buyer interest. Shares are down 14% since hitting all-time high last week. This analysis is for informational purposes only and does not reflect the author’s holdings.
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https://www.investopedia.com/broadcom-stock-slumps-amid-momentum-shift-key-price-levels-to-watch-8668639
:max_bytes(150000):strip_icc()/AVGOChart-a9981fc4eefa4147b0b61d8e5f979097.gif?w=1500&resize=1500,597&ssl=1 "Broadcom Stock Drops as Momentum Shifts – Important Price Levels to Monitor")