Long-Term Trend Remains Intact
Broadcom continues to respect its long-term uptrend, producing a series of higher highs and higher lows since late 2022. The weekly 100/50-Week EMAs remain bullishly crossed, reinforcing the strength of the broader trend.

Pullback Found Strong Support
The recent correction found buyers around the 0.618 Fibonacci retracement at $368.29, where price also held above the key weekly moving averages. The subsequent rebound suggests the longer-term bullish structure remains intact.

Daily Resistance Comes Into Focus
Price is now attempting to reclaim the important $414 support/resistance zone, an area that has repeatedly influenced price action over recent months. A convincing break and close above this level would strengthen the bullish case.

Eyes on the All-Time High
If buyers can establish acceptance above $414, attention is likely to shift back towards the $495 all-time high. On the downside, a break below $356.43 would weaken the short-term outlook and increase the probability of a deeper pullback.

In Summary
Broadcom continues to exhibit one of the strongest long-term trends in the market, with the recent pullback finding support at a key Fibonacci retracement before buyers stepped back in. The next challenge now lies around $414, where bulls are attempting to reclaim an important technical level. A successful break would improve the probability of a retest of the $495 all-time high, while $356.43 remains the key downside support to monitor.