Terminating Wedge

Broadcom is No. 3, in market cap within the SOXX.

Of those top three, it’s the only one in (a technical) position to move significantly higher (not advice, not a recommendation).

However, as the chart shows, that ‘higher’ is in the context of a terminating wedge pattern.

Patterns can fail or morph into some other type of event.

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279