Watch These Broadcom Price Levels as Stock Follows Nvidia Lower in Chip Stock Selloff
Key Takeaways
- Broadcom shares fell to a one-month low Thursday amid a broader chip stock selloff as investors digested Nvidia’s earnings and President Trump’s latest announcement on tariffs.
- Selling in the stock from the top trendline of a descending channel has accelerated, with the price falling below the respected 50-day moving average on increasing trading volume.
- Investors should watch major support levels on Broadcom’s chart around $185, $160, and $140, while also monitoring key overhead areas near $230 and $295.
Broadcom (AVGO) shares may remain on watchlists after falling 7% to a one-month low Thursday amid a broader chip stock selloff as investors digested earnings from Nvidia (NVDA) and President Trump’s latest announcement on…
