Broadcom Corp. (BRCM:NASDAQ)  is approaching the breakout line of a HUGE “ascending triangle” continuation classical chart pattern. The bigger the base, the higher in space! Check out the 10 year monthly candle chart.

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The 5 year weekly candle chart shows some consolidation close to the breakout line at 47.50.

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Zoom in on the 1 year daily candle chart and you can see the price action testing multiple times the breakout area.

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I set an alert at 47.50. A monthly candle close above that level will confirm the target of 69.