Broadcom's technical picture is extremely negative: decreasing resistance, persistently negative momentum and sell warnings; price failed to rally at the last cycle and then fell sharply. A low is expected, followed by an attempted rise and another fall, with a possible drop around March or April.

Broadcom (AVGO) is another example. This is a very bad example, you see, this downward movement is very bad. Therefore, the stock is expected to reach its lowest point here, then attempt to rise and fall.

This suggests a possible drop in March or possibly April. The situation here is extremely bad.

As you can see, this is the cycle that is forming here. So, the situation is not good. These resistance levels are decreasing. Look at this negative cycle that has formed here.

Negative momentum. As you can see, the momentum has been negative throughout this period. Hold your options positions, buy sell. The price stabilized briefly and then returned to negative territory.

Look at the sell warnings here on the price indicator. Negative momentum. Negative momentum. Negative momentum. All of this , and then the price fails to rise at that last cycle and then falls sharply.

This is not a good situation, look at the negative momentum here on the weekly reversal indicator. The situation is extremely bad.