Broadcom to pullback

1. Significantly overbought.
   
2. Has hit the top of the LuxAlgo
   
3. Other indicators appear to be cresting, increasing the likelihood of a trend reversal
   
4. Price targets $633, $592, and then maybe $565
   

Should begin to play out in the next week or two.

Yorum:

Totally wrong with this one. Exited before fully DCA'd in with a stop loss.