Broadcoms stock price (AVGO) settled lower in latest intraday trading after the pivotal resistance of $251.85 held on, while trying to seek a bottom to bolster it higher once more and help it pierce that resistance, with the stock venting off overbought saturation in the Stochastic, amid the dominance of the main upward trend in the medium and short terms.

Therefore we expect the price to rise, provided the aforementioned resistance of $251.85 is breached, targeting the next one at $283.00.

Todays price forecast: Bullish