BUY OPPORTUNITY

Instrument: AVGO
Entry Price: $234.70
Stop Loss (SL): $224.50
Take Profit (TP): $261.35
Time Frame: 4H

Technical Analysis:
Price Action:
Broadcom recently hit an all-time high and is now retracing towards strong demand zones around $235.60 and $230.60. These levels have acted as significant support in the past, leading to a bounce-back.
The demand levels around $235.6 and $230.6 are critical for a potential reversal. A bounce from these zones can drive the price up towards local resistance levels near $259 and $263.

Stochastic RSI:
Currently pointing downward but approaching oversold territory, suggesting an imminent bounce or rally back to resistance levels.
Risk-Reward Ratio:
With the entry, stop loss, and take profit set, the trade offers a favorable risk-reward ratio of greater than 1:2, making it an attractive setup.

Fundamental Catalyst:
Broadcom has declared a quarterly dividend of $0.59 per share, with an ex-dividend date set for June 20, 2025, and payable on June 30, 2025. This dividend underscores Broadcom’s strong financial health and commitment to rewarding shareholders.