$AVGO ‌$AVGO is trading around $381 after a 3.13% pullback, but the structure still looks interesting for a bullish rebound.

Broadcom opened near $393.30, pushed higher earlier toward the $413.46 zone, then saw a sharp rejection and dropped into the $373.87 to $375.80 support area. This type of move looks aggressive on the surface, but the important detail is that price is reacting from a key lower range instead of continuing to break down.

The bullish angle here is based on support absorption. $AVGO sold off quickly, but the decline brought price into an area where buyers are starting to respond. When a strong stock drops fast into support and then begins stabilizing, it often becomes a high interest reversal zone. The first bullish confirmation would be a reclaim of $385 to $390. That would show that buyers are stepping back in and price is beginning to recover from the breakdown. The next major level would be $393 to $400. If $AVGO gets back above $400, the chart would start looking much stronger because that would mean the panic selloff has been fully absorbed.

The bigger bullish structure remains intact if the $373 to $376 area holds. That zone is now the line between a normal pullback and deeper weakness. As long as buyers continue defending it, the downside may be limited while upside recovery potential remains attractive.

$AVGO still has a strong bullish recovery case. The chart is showing a fast flush into support, followed by early stabilization. If price starts reclaiming lost levels, this can turn into a strong bounce setup with $390, $400, and $413 back in focus.

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