Broadcom (AVGO) Update

We can successfully deactivate our Fibonacci retracement buying zone.

On 4th February 2026, we shared our analysis update for Broadcom. On that day, the price activated our anticipated Fibonacci retracement zone, which represented a buying opportunity for this stock.

The zone ranged from:

• 38.2% at $308.72
• 50% at $276.24

Within this zone, we expected that orange wave a would come to an end and that Broadcom would receive a short-term recovery into orange wave b, accompanied by renewed short-term bullish momentum(https://monalytics.org/broadcom-avgo-update-2/).

Today, we can successfully deactivate our anticipated Fibonacci retracement zone.

This chart shows the current stage of Broadcom. If you used our Fibonacci retracement zone, you would currently be in profit, with gains of around 14% from the upper edge of this zone.

At this point, we expect that orange wave a has successfully terminated, and the short-term recovery has already started.

We have defined a Fibonacci selling zone, where we expect this short-term bullish recovery within orange wave b to come to an end. This zone (marked in red) ranges from:

• 61.8% at $369.13
• 78.6% at $389.30

Within this zone, it would represent a strong opportunity to realize current profits from our deactivated Fibonacci retracement zone, or potentially enter a short position in this stock, from our point of view.

In this area, we expect orange wave b to terminate, lose its short-term bullish momentum, and re-enter the long-term corrective phase that we initially anticipated on 02.02.2026 (https://monalytics.org/broadcom-avgo-update/).

If our anticipated selling zone holds, we expect the market to initiate a major sell-off into a second Fibonacci retracement zone, which ranges from:

• 38.2% at $261.94
• 50% at $214.90
• 61.8% at $167.86

As outlined in our previous analysis, this zone would represent a prime opportunity to buy or accumulate this stockbefore a final major move higher within green wave 5.

Make sure to review our previous analyses to remain fully aligned with our current outlook for this stock.

If any structural changes occur or if one of our Fibonacci zones gets activated, we will update you immediately.

Kind regards,
Monalytics

DISCLAIMER: The content on this website, including charts, analyses, and recommendations, is for informational purposes only and does not constitute financial, investment, or professional advice. Trading and investing involve risk. You should consult a qualified financial advisor before making any investment decisions.