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here we can see that we're seeing a bit of a positive start to uh the Monday trading session uh we are getting some uh some slight movements higher here uh there will be a strong number of uh earnings reports uh that are releasing this week uh as they relate to the technology space uh many of these will be uh in mag 7 companies uh so this is a you know a series of events that's likely to uh impact uh overall share prices for this stock as well so currently you know we can start to to try to get a get a bit of a game plan this week uh to try to develop some stading uh trading strategies here going forward so if we kind of drill in a bit here we'll look at the two-minute chart first uh here we can see that uh you know these recent lows posted at 145 53 this would be the trading low from the July 25th trading session July 25 um currently we are trading below the exponential moving average cluster which would be a negative but we are starting to pressure some of these exponential moving averages from the from the bottom so as we can see here um you know you've got the you do have a negative cross an initial negative cross in the uh 20 period exponential moving average that's this yellow line uh relative to this blue line which is the 200 period exponential moving average um you know but it's starting to look like uh this could turn around here um if we if we were able to see a bit of of a move higher in prices uh share prices themselves um this would be this would be sort of an unexpected turnaround I I would imagine for some uh because we are seeing two negative crossovers in these exponential moving averages the orange line is also Crossing below uh the purple line so this means that the 50 period EMA is also Crossing below the 100 period EMA um so uh you know these are both negative events here um so if we were able to see some movement higher in share prices uh that could start to reverse this trend uh currently as I said uh what we're looking at for in terms of support in the downside does come in at 14550 um and this this would be uh you know a bearish event if we were to see this level break at the very least we would start to Target 140 180 uh which would be h this trending move is defined by the uh the prior price lows which came in during the june4 trading session uh which posted at uh 13096 uh and then this extends to the uh June 18 highs the all-time highs here uh which posted at 18513 so so if we're looking at this trending move here uh we can see that the 786 retracement comes comes in currently uh at 14 just just below 14180 uh so if we did see a break of this 14550 level this would be the next downside Target uh PRI you know any additional breaks from there uh could sign could signal a much deeper retracement uh and then send prices back below the 130 Mark we'll move back out to the 4our Chart once again uh to try to get some sense of where exactly trading volumes are currently headed uh because this is one factor um that could start to change this week um we're seeing a large number of uh of earnings reports that will be released uh we're talking about Apple Microsoft meta Amazon um so you know these are these are major companies mag s stocks uh in the technology space so we would expect share price action and broadcom to be affected as well um you know a lot of this will depend on on the the general trajectory of the market uh to determine whether or not you know we're we're able to either break below these 145 lows uh or uh conversely move my view what really needs to happen in order for the stock to start to move uh you know in the upward Direction here uh would be a break of 16 uh of the 160 level uh this is currently where the uh the 50 period exponential moving average rests on the 4our chart uh and then from there we do have a bit of historical resistance coming in uh this would be 16520 um you know but at that point I think that we would see a fairly significant turnaround um and then 165 uh would probably uh break to the tops side uh given the fact that we do have so many earnings releases this week uh I would expect to start to see some differences here in the trading volumes uh as we can see here you know share prices have been trending lower uh but this is also been accompanied by uh additional movements lower in the trading volumes themselves uh on balance we are seeing a bit more negative rather than positive in these near-term readings uh in the in the trading volumes uh you know but the the earnings reports this week you know definitely have the potential to change this picture uh this does not necessarily mean that it's going to be a positive outcome um but I but at the very least I do expect these trading volumes here to start to uh show much more uh much more active um you know positioning uh you know a surge and trading activity uh should is is likely to occur this week I think that we probably will be seeing that so uh currently you know finally if we look at the uh the indicator reading and the relative strength index on on this 4H hour chart uh we can see that there is a bearish trend indicator here uh in the in the momentum reading um you know we are on the verge of a of an upside cross in the relative strength index itself we can kind of kind of move down here a bit uh and here we can see that you know the the relative strength index you know is it's a little bit difficult to see here because the lines are sort of overlapping at this point um but you know the this purple line here is starting to cross above the yellow line uh which does mean that the the relative strength index uh is crossing above its own exponential moving average uh in addition to that um you know this negative trend line here is ready to start coming under pressure as well uh as well um you we're really on the verge of breaking here to the top side so if we do see um you know any sort of follow through here um you know this this uh this negative momentum reading should start to be broken here relatively soon uh overall the relative strength index is still holding below the 42 Mark uh so this does mean that we have a you know a fair amount of upside here uh in in potential for the stock price itself uh if we do start to see breaks to the top side and if we do see a sort of a continued strong open to start this week um we are currently there at the moment I mean as we can see here there is a there is a green candle uh you know during during the first period you know during the first part of the Monday trading session um so you know overall this does suggest that uh markets might be expecting positive results here in these in these upcoming earnings releases uh that are likely to be found into the end of the week so here are the fact here the factors affecting prices here are some and price levels to watch uh eading stocks with the pros
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