$AVGO, or Broadcom Inc., has shown a notable premarket bounce, rising from $212 to $222. This movement indicates a recovery trend, as the stock is nearly recouping all of its losses from the previous day. Analysts highlight that $AVGO is currently holding one-third of the upper range from last week, suggesting a potential for further gains. Additionally, the stock is viewed as maintaining major support levels, with a critical price point identified at $228.54 that could trigger a more substantial upward movement.