BUY! Broadcom Corp (BRCM) Nasdaq

  Report No. 941    Analysis by: Harry Aloof     DECEMBER 23, 1999

BROADCOM CORP (BRCM-Nasdaq): Technical Viewpoint: From a low of $175 3/8 on Nov 30, 1999 prices rallied, reaching a high of $234 7/8 on Dec 9, 1999. A decline saw prices pull back, reaching a low of $195.00 on Dec 15, 1999. Another rally saw prices penetrate resistance, closing 12/22/99 at $254.00. Technicals: Momentum Index (MTM): A Buy Alert! was given on Dec 22, 1999 when the solid line crossed the dotted line to the upside. Support: Remains at $231.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Dec 16, 1999. A P&F upside reversal takes place at $244.00. Summary: Technical indicators have turned bullish. BUY! Broadcom Corp (BRCM-Nasdaq) @ $256 5/8 Stop: Use a protective stop of $253 1/4. Broadcom Corp is currently trading @ $254.00 plus $24 1/8 on Dec 26, 1999. Price Objective: $330.00. Risk/Reward: $3 3/8 VS. $73 3/8. Today's Risk Reward Ratio: 22:1

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$330.00 Risk/Reward:
$3 3/8 VS. $73 3/8 Risk/Reward Ratio:
22:1
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