After soaring to start the year, Broadcom (AVGO) shares spent May to September in consolidation mode, trending sideways in two ranges first between $410 and $485, then between $475 and $510. Starting with a successful retest of $410 support in June, the shares had quietly come under renewed accumulation. This has become more apparent in the last two months with the shares completing two bullish Ascending Triangle breakouts, breaking out and holding above $500, plus their recent acceleration to new all-time highs.
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