AVGO has fallen as hard as AMD on AI capex concerns; the chart looks bad, last week's ~333 double bottom broke and 308 may still come, but 322 is a good level to add and a bounce is expected very soon.

Broadcom suffered heavy losses.

Incidentally, Broadcom and AMD were saying that capital, money, was the obstacle.

Broadcom has been hit as hard as companies like AMD. In fact, Marvell is holding up much better than AMD and Broadcom, and it operates in the semiconductor sector , but the situation here is very interesting.

If we see level 4, 306, that would be great. 322, by the way, look at that. 322 is the lowest level for Broadcom, and it is the same as the lowest level for Google. Both reached a low of 322 today.

This is strange. I think things will get better from here.

Let's analyze the current situation. Let's take a look at the four-hour chart. Let's see if there are any signs. Bam bam. Okay. There are too many signals, so let's stop them. You have increased the noise suppression level.

And look for... By the way, the Average True Range (ATR) indicator. I prefer to go down to 6 hours, because 4 hours gives too many signals, so the ATR is designed for the 24-hour daily chart.

This is different. Let's change this to a line, to get a better idea. Hmm. This looks bad. The chart looks bad, but I see it bouncing back very soon. We may not reach 308, but 322 is a good level to get more from Broadcom.

By the way, I said last week that 338, I think it was 333, looked like the bottom. We reached it as a double bottom , and we broke it. So, we've dropped a bit because of all these concerns about capital spending on artificial intelligence.