BROADCOM INC. (AVGO)

Shares of Broadcom Inc. (AVGO) have fluctuated in and out of the favored zone within the SIA NASDAQ 100 Index Report over the past quarter. Point and Figure technical analysis indicates that supply is in control, with potential initial support levels at $184.48 and $188.97 with more at the $157.45 and $134.39, while resistance is tight at $216.15 and $220. The weekly candlestick chart shows a loss of upward momentum at the $240 level, with support breaking at $210.

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