In this daily bar chart of AVGO, below, we can that prices are below the now declining 50-day simple moving average line and testing the rising 200-day line. Traders who use moving averages for entry and exit signals are nervous right now. There is still a potential band of support in the $250-$230 area but you never know if former buyers in this area will return. The On-Balance-Volume (OBV) has weakened a little recently but it is showing that traders are starting to become more aggressive sellers. The Moving Average Convergence Divergence (MACD) oscillator has moved below the zero line for a sell signal.
In this weekly chart of AVGO, below, this week's bar is not filled in all the way. Prices are actually testing the rising 40-week moving average line. The weekly OBV line is off its best levels and the weekly MACD oscillator is pointed lower after a take profits sell signal.
In this Point and Figure chart of AVGO, below, we can see how this stock has "rolled over" with a near-term $233 price target. A break of $232 could precipitate further weakness.
Bottom line: I have been cautious about AVGO and today's weakness tells me to recommend further protective measures. Traders should consider booking profits and raising sell stops. A break of $230 would likely turn me more cautious/bearish.