Broadcom (BRCM): Breakout from Down Trend Channel

For my team members.

Broadcom manufactures Wi-Fi, Bluetooth, GPS chipset for Apples i Mac, iPhone and iPad. Ride on Apples’s recent excellent earning.

BRCM breakout from Down Trend Channel and also the 61.8% Fibonacci Resistance.  Exit price target at about $40 (78.6% Fibonacci Resistance & the 200D MA resistance).

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