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Bearish Pattern On $AVGO Signals Semi's Likely Topped



This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit

Multiple semiconductor stocks, including Broadcom Ltd (NASDAQ:AVGO) have bearish pattern formations. This coincides with the semiconductor index (SMH) barely staying positive on Tuesday, when the market ripped sharply higher. Ultimately, a smart investor can only conclude that the semi's should see further downside. Broadcom will likely be a catalyst as one of the biggest semi stocks. Once the bear flag pattern begins to fall, expect all semi's to give way. Broadcom has downside to a target of $199.00.

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Semiconductor stock Broadcom Ltd has strong bearish pattern

This article was written by ST G for on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit

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