Broadcoms stock price (AVGO) rose in the intraday levels, while tackling the pivotal resistance of $1438, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary trend line, with positive support from the 50-day SMA, coupled with positive signals from the RSI.

Therefore we expect more gains for the stock, targeting the resistance of $1587, provided the initial resistance of $1438 is breached.

Trend forecast: Bullish