Broadcom Inc.
Investment Thesis
AVGO has surged 35.86% in one month and trades at extreme technical overextension with semiconductor sector RSI at 85, signaling near-term exhaustion. With Q2 earnings not until June 3rd and the stock nearly 50% above its 200-day moving average, a tactical correction toward $380-$390 support levels offers favorable risk/reward as profit-taking accelerates in overheated chip names.
Why It May Work
Why It May Not Work
Timeline
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