Broadcom Corporation (NASDAQ: BRCM) showed
major support
at 24
in yesterday's trading session. The 1
day, 1 minute bars chart below give you a visual perspective as
to just how significant this support level was. A break of 24 support on heavy volume will likely lead to continued
downside action. A move to the downside on light volume will likely result in
continued support at 24, followed by upside price action.
Monitor price action at support, and place a trade
accordingly depending on technical parameters.
Happy Trading,
Andy Swan
co-founder, DaytradeTeam
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