AVGO technical analysis on the 4H: Broadcom has dropped 15% in a month, and the reason tells you more about the market than about the company. Wall Street punished the stock because management did not raise its AI guidance. Read that again. Revenue is on track, AI sales more than doubled to 10.8 billion dollars last quarter and are expected to triple to 16 billion this quarter, and the stock sold off because the forecast stayed the same instead of going up.That is not deteriorating business. That is an expectations reset, and expectations resets end when the sellers who bought the top finish capitulating. Looking at the last stretch of this decline on the 4H chart, candles are compressing near 360 and downside momentum is drying up.
Why I am long from 360.38:
đź“Ś The growth engine is intact, six custom chip customers including Google, Meta, OpenAI and Anthropic, and AI networking demand still accelerating
đź“Ś The bad news is fully public and fully priced, guidance disappointment has been sold for a month straight
đź“Ś Analyst consensus sits roughly 45% above current price, dip buyers have fundamental cover here
đź“Ś Same setup logic as my
NVDA long from yesterday, the whole semiconductor group got reset together, and group moves reverse together🎯 Target: 403, the shelf just above the 400 round number where the June breakdown started. Checkpoint on the way is 376, expect a reaction there first.
Risk is defined below the current base. I never trade without a hard invalidation, and my full risk parameters are shared with my community.
This week:
XAUUSD twice, 
EURGBP, NVDA, now $AVGO. Every call is on my profile with the levels visible. Boost and follow to track this one live.Not financial advice. Trade your own plan.
Direction: Long | Tags: AVGO, Broadcom, AVGOforecast, AIstocks, semiconductors, technicalanalysis, stockmarket
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Take Profit hit, enjoy profits
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