BUY! BROADCOM CORP (BRCM) Nasdaq

  Report No. 1857    Analysis by: Harry Aloof     OCTOBER 8, 2003

BROADCOM CORP (BRCM-Nasdaq): Technical Viewpoint: From a low of $24.34 on Aug 26, 2003 prices rallied, reaching a high of $28.25 on Sep 8, 2003. A decline saw prices pull back, reaching a low of $25.56 on Sep 22, 2003. Another rally saw prices penetrate resistance, closing 10/7/03 at $30.85. Technicals: MACD-Histogram (MACD-H): A Buy Alert! was given on Aug 21, 2003 when the Histogram crossed the "0" line to the upside. Support: Remains at $27.00. Resistance: Is at $31.36. Point & Figure: Reversed to the upside on Oct 7, 2003. A P&F upside reversal takes place at $29.50. Summary: Technical indicators have turned bullish. BUY! BROADCOM CORP (BRCM-Nasdaq) @ $31.13 Stop: Use a protective stop of $29.13. BROADCOM CORP is currently trading @ $30.85 plus $1.69 on Oct 7, 2003. Price Objective: $40.50. Risk/Reward: $2.00 VS. $9.38. Today's Risk Reward Ratio: 5:1

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

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Price Objective:
$40.50 Risk/Reward:
$2.00 VS. $9.38 Risk/Reward Ratio:
5:1
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