AVGO has pulled back to trend line support providing a great opportunity for risk vs reward going into the earnings report being released on September 2nd 2026. Today played out exactly as predicted with the price slightly breaking below the trend line to take out stops and recovering above the trend line to close out the day.This provides a great setup in terms of risk vs reward going into the Q2 earnings report for
AVGO as recent news of Marvel 
MRVL announcing an expanded custom-chip and infrastructure agreement with Alphabet's Google impacted Broadcoms share price over the last few weeks.Diving into the technical setup of the
AVGO chart shows strong support on the weekly timeframe by maintaining the upward trend line and maintaining support of the anchored volume shelf profile that is anchored from the 12-15-2025 anchor point. At this point it would be imperative to see a strong bounce from these levels going into the Q2 ER on Sept 2, 2026. The first price target would be closing the volume shelf profile gap at the $375.00 share price. I would not be suprised to see a move in the share price exceeding the $400 share price in the case a strong ER report is released. It is also worth mentioning the Williams %R is in oversold territory and I would expect to see buyers step in around this price level.
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Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.