The weekly S&P cycle has been most accurate in the last year. We can see that it is going into a buy signal. All such signals in the last year have been successful.
S&P Weekly Cycle
Broadcom appears well ranked on the technical and cycles-based screens. The graphs below reflect that strength. The first chart is that of the expected return by month. Seasonally, this is a strong time interval for the stock. Over the last 14 years, the stock has risen almost 85% of the time from May 5th to June 8th. The monthly cycle has bottomed, and all 4 buy signals have been profitable in the last year. The daily graph shows superior relative strength.
By late May, the share price may be in the $640-$650 range.
Broadcom Seasonal Histogram (Expected Return)
Broadcom Monthly Cycle
Broadcom Daily Graph
Read the full article here