AVGO 4H: Bullish Structure Holds Above the 200 EMA

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AVGO 4H: Bullish Structure Holds Above the 200 EMABroadcom Inc.BATS:AVGODr_Rabbit_AVGO has made a strong recovery from the $310–$320 area, rallying all the way toward $368 before pulling back. Now price is retesting the $330–$340 support zone, where buyers stepped in during the previous move. This is the area I’m watching closely. If buyers defend it, the recent higher-low structure stays intact and AVGO could make another attempt at its previous swing high. The 50 EMA has turned upward and is approaching the 200 EMA. Daily price has also moved back above its 200 EMA, which is a positive sign. However, the 4H bullish crossover is not confirmed yet, and the weekly chart still needs to catch up. So I'm looking at this as a support-retest long, not a confirmed breakout. AVGO 4H: Support Retest LONG Setup Entry zone: $330–$340 I want to see buyers defend this zone rather than enter blindly. A strong 4H reaction from support would give more confidence in the setup. TP1:$376–$386 This is the previous daily swing-high area, where sellers pushed price down last time. TP2: $402–$413 If AVGO breaks above the first resistance zone and holds it, the next major target is the July swing-high area. Invalidation: A daily close below $330 would weaken the setup and show that buyers are losing control of the support zone. A move below $319 fully invalidates this long idea. The AI demand behind AVGO The business side is still strong. Broadcom reported $16.7 billion in AI semiconductor revenue in Q3 FY2026, up 221% year over year. It also expected AI chip revenue to reach $21.7 billion in Q4, driven by demand for custom AI accelerators and networking. The AI opportunity is spreading beyond chipmakers too. Anthropic is another major name drawing attention ahead of its IPO. Eligible users can access its IPO Prime subscription on Bitget from 100 USDT, alongside pre-IPO futures trading in the same account. The subscription uses pro-rata allocation, so the final allocation isn't guaranteed. It also delivers rANT, a tokenized asset, not direct Anthropic shares. For AVGO, the immediate test is clear: can buyers hold $330.50–$340 and build another move toward $380?