$Broadcom(AVGO)$ These are all attempts by shorts to slow down the momentum of buying shares on premarket dips. Goldman just reiterated their Strong Buy rating. It's a very strong investment bank. 480 price target.
$Broadcom(AVGO)$ endured a textbook institutional shakeout, dropping 22% over five days before stabilizing. Since the low, repeated long lower wicks, rising lows, and a tight $340 to $355 range signal accumulation rather than distribution. RSI reset from overbought to the low-40s reflects healthy cooling, now turning higher. With no change to AI demand or fundamentals, the shakeout appears to be ending as real buyers step back in.