peepzy
10-15

$Broadcom(AVGO)$ Semis had a rough session, but AVGO actually showed relative strength. SOX was down roughly 4.3%, while AVGO finished around -3.1%. That matters.

This wasn't AVGO-specific weakness, it was a broad semiconductor selloff. AVGO held up better than the sector, and off-exchange participation didn't spike to levels that would point to obvious institutional distribution.

So the setup I see is: sector-wide de-risking, plus AVGO relative strength, plus no clear dark-pool distribution signal. That's the kind of behavior I want to see before a rebound.

$350–340 is the key area now. If the sector stabilizes, AVGO could be one of the first names to recover.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment