Broadcom and Apple Sign Chip Supply Agreement Through 2031
📊 AAPL — Piyasa Yorumu
▲ up · 70%Apple's signing of a long-term chip supply agreement with Broadcom is a positive development for supply chain security. Technically, the RSI approaching 77, near overbought territory, may trigger some short-term profit-taking. However, the MACD remaining above its signal line and the price trading above the 20- and 50-day moving averages support the uptrend. The strong 8.5% rally over the past 24 hours reflects the positive impact of the news. While the upward momentum is expected to continue in the near term, caution is advised due to the overbought zone.
📊 AVGO — Piyasa Yorumu
▲ up · 70%The long-term chip supply agreement between Broadcom and Apple can be seen as a positive signal for the company's revenue stability. Technically, the RSI is at 53, indicating a neutral zone, while the MACD is above the signal line and showing a positive trend. The price is trading above the 20-day and 50-day moving averages, suggesting short-term upside potential. However, a 0.8% decline in the last 24 hours and overall market conditions warrant caution against excessive optimism. The deal news could provide limited positive momentum for the stock over the next 1-3 days.