Weekly bearish divergence in Broadcom
Broadcom is facing a dangerous few months.
While indices like the KOSPI and the semiconductor index, the SOX, are facing declines, Broadcom is showing a weekly bearish divergence, a sign that those problems can pass straight through to the price.
The decision
A correction in these names can be a great entry. The company has very good fundamentals and an enormous tailwind behind it from digitalisation and AI.
So we are watching for a correction in the stock for a possible entry.
Read the full thesisSourceYahoo Finance (AVGO, weekly closes)Data to
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