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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
The index is likely to rise.
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)
This is the time to own the stock.
Broadcom Monthly Cycle
This cycle has bottomed.
Broadcom Daily Graph
The stock is exceeding the index.
Source: https://www.forbes.com/sites/greatspeculations/2023/05/02/stocks-this-week-buy-broadcom/