BROADCOM is used to -30% corrections and one is underway.Broadcom Inc.BATS:AVGOTradingShotBroadcom Inc. (AVGO) has been trading within a very consistent 17-year Channel Up pattern (since August 2009) where it makes standard -30% declines when it hits a High. Having made that Higher High in June, we expect the stock to complete at least another -30.50% decline (shortest one within the pattern made in late 2011) and hit $345.00, which would be a 0.382 Channel Fibonacci level test as well as potentially the first 1W MA100 (green trend-line) test since April 2025. So far the market has found Support on its 1W MA50 (blue trend-line), which is where the previous -31.00% correction bottomed in March 2026. As you can see, the stock turns into a long-term buy historically only after its hits its 1W MA100 (green trend-line) or its 1M RSI hits its Buy Zone. Notice also that its 1M RSI has been posting Lower Highs since September 2014, which is a huge Bearish Divergence. The recent December - March correction didn't achieve either (1W MA100 or 1M RSI Buy Zone test). So our $345.00 Target stands, unless AVGO's 1M RSI hits 51.50 first, in which case it would be an automatic long-term buy opportunity regardless of the price. --- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** --- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇