:max_bytes(150000):strip_icc()/AVGOChart-e6293f7eb86f4b4d831caded115d43bc.gif?resize=1500,595&ssl=1 "Watch These Broadcom Price Levels as Stock Follows Nvidia Lower in Chip Stock Selloff")
Key Takeaways
- Broadcom shares fell to a one-month low Thursday amid a broader chip stock selloff as investors digested Nvidia’s earnings and President Trump’s latest announcement on tariffs.
- Selling in the stock from the top trendline of a descending channel has accelerated, with the price falling below the respected 50-day moving average on increasing trading volume.
- Investors should watch major support levels on Broadcom’s chart around $185, $160, and $140, while also monitoring key overhead…
Article Source
https://www.investopedia.com/watch-these-broadcom-price-levels-as-stock-follows-nvidia-lower-in-chip-stock-selloff-11688164
/Broadcom%20Inc%20logo%20on%20phone%20and%20site-by%20Majahid%20Mottakin%20via%20Shutterstock.jpg?ssl=1 "Broadcom Just Got a New Street-High Price Target. Should You Buy AVGO Stock Now?")
