
Broadcom Inc. ($AVGO) is experiencing increased trading activity as it approaches its earnings report, influenced by its partnership with Amazon.com Inc. ($AMZN). The stock has risen from $195 to $235, indicating a positive trend. Analysts are observing a potential gap fill to $241.91. The company, which manufactures chips for Amazon, is also noted for its strong support level at $230, which some traders see as a bounce zone. Amazon's earnings report is scheduled for release after market close, which could further impact $AVGO's performance.
$AVGO 230 support just held here. Big spot, so possible bounce zone
$AVGO invalidating 1hr reversal candle near resistance $AMZN earnings tomorrow after close $AVGO makes chips for $AMZN https://t.co/EBr5Bi8Bya
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