Broadcom Wave 5 Breakout

Conviction: 62% · Horizon: 6M · 2026-04-09
Deep correction likely reset the trend for a new upside leg

Broadcom retraced sharply, held a key Fibonacci level, reclaimed moving averages, and rebounded with strong momentum, which supports a continuation move toward prior highs and potentially beyond.

Instrument Side Target Reason
AVGO Long $392 / $430 / $520.54 Broadcom appears to have completed a cleansing correction, regained technical support, and resumed upside momentum, creating an attractive setup for a continuation toward prior highs with extension potential if buying pressure persists.

Themes

2026-04-12 Return of Rimland
2026-02-23 The Golden Jubilee Cycle and Financial Reset

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