BROADCOM: Forming familiar peak. Bearish reversal to 270 likely.

TradingView2026/05/05 20:48

By:TradingView

Broadcom remains almost overbought on its 1W technical outlook (RSI = 68.311, MACD = 20.420, ADX = 25.470) with a 1W RSI happening at 70.000 two weeks ago. This looks like the December 23rd 2024 RSI peak, coming off an identical pattern. Both fractals are technically parts of the same 4 year Channel Up. The price has always tested the 1W MA100 after the 1W MA50 broke inside this pattern. Even a -38.45% decline like in 2022, would test the 1W MA100 by July-August. TP = 270.00.

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