Watch These Broadcom Stock Price Levels After Post-Earnings Slide

The shares of Broadcom (AVGO) fell rapidly on Friday, the day after the results of the chip veteran and an outlook that suit the estimates of the Wall Street on a large scale.

The company’s shares reached a new record high level before their highly anticipated results this week, which has increased with the expectations of strong revenue growth operated by increasing the demand for electrical liberal AI technology chips.

CEO Hawk Tan told analysts on the company’s earnings call that the demand for chip could increase due to strong conclusions during the second half of 2026, referring to the process that it uses a trained AI model to make predictions or decisions.

Nevertheless, Broadcom’s shares fell by 5% to $ 247 on Friday on Friday as the results and Outlook might have recalled the high expectations of investors, especially after the blockbuster results distributed by rival Nvidia last week. With today’s decline, Broadcom’s shares are about 6% since the onset of the year, slightly forward the performance of the S&P 500 index at that stretch.

Let us break the technology on the chart of Broadcom and identify the major price levels worth watching outside.

Take advantage of earning

After a seven -month low decline in early April, Broadcom’s shares have rapidly trended within a growing wedge, with the shares of Broadcom testing the upper trendline of the pattern. However, in about two months, the highest quantity of stock on Thursday, which set the platform for today’s sale.

It is also worth indicative that the relative power index recently climbed above 80, a reading that matched with major tops in stock in December and June last year.

Let’s identify major support levels on Broadcom’s charts amidst further sales capacity and also find an important overhead area worth monitoring during recovering efforts in stock.

Major support levels for viewing

In the Friday session, the $ 250 levels received a confluence of support from the lower trendline of the rising veg pattern and the three notable peaks formed on the chart between December and January.

With the stock shutdown below this level, the stocks can test the next low -level support at $ 235. Investors can seek opportunities to buy a dip in the area near the February Counterant Peak.

Further sales psychologists may trigger a stator drop for $ 200 area. The shares will face support at the location near the 50-day moving averages upwards at this location, which closely aligns closely with a period on consolidation of swing low of January and in mid-March.

Important overhead area worth monitoring

During the recovery efforts in broadcom shares, investors should monitor the $ 265 field. Strategic traders who buy earnings and driven weakness can decide to lock up in profits near the all-time high of the stock towards the summit of the growing veg pattern.

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As this article was written, the author has none of the above securities.