1. Broadcom's shares fell nearly 12% post-earnings. 2. The stock is nearing a critical support level of $330. 3. Support indicates high buying interest may halt further declines. 4. Impatient buyers could spark an uptrend after reaching support.
FAQ
Why Bullish?
Support levels often lead to price rebounds. Historical trends show broad stocks rebound significantly after support is established.
How important is it?
The stock's approach to support could lead to critical price shifts, attracting trader interest.
Why Short Term?
Price action may rebound quickly as buyers react to support. Historical data indicates short-term rallies often occur post earnings sell-offs.