Broadcom is expected to report earnings of $10.43 on revenue of $8.85bn.

Broadcom’s stock is trading at around $890.06 a share. We can see the bullish momentum seems to be holding on with last week bouncing off the trendline support. Now resistance remains at the upper trendline of the triangle on the chart. $921.52 followed by $923.14. A break and close above it could see the price rise higher setting new all-time highs. Support sits at $830.94, a break below it would first have to test the support of $812.25 before anticipating any further downside moves. Broadcom is due to report earnings tomorrow, this may have a huge influence on the short to mid term outlook. Looking at the technical indicators on the weekly interval, MACD is negative but volume is flat and the RSI is still positive as it reads 67. Slightly mixed approach until the earnings release.