Broadcoms stock price (AVGO) inched up in the intraday levels, amid the dominance of the main upward trend in the medium term, while trading alongside the secondary short-term trend line, as it trades above the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of $1438.00, provided the support of $1223.30 holds on.
Trend forecast: Bullish
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