Qualcom chart analysis

QCOM is currently in a channel, ready for another breakout ?

Note :

  • Clear support level of 42, at the lower limit of  ‘Gap 1’
  • Clear support level of 42, at the top limit of ‘Gap 2’
  • A movement below 42 could mean a further drop to the lower limit of ‘Gap 2’
  • A movement above the 200d MA could mean an action to closing ‘Gap 1’

Despite the fall since the beginning of January, I remain positive. A partnership with HP, future mobile device growth, overseas growth potential, …

Wait for an action outside the current channel to choose direction.

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3 responses to “Qualcom chart analysis

  1. Pingback: ST buy candidates « sensilively

    • Thanks for the link !

      I agree on the LT perspective.
      On short term, I would wait for 40 to step in. There is a downside potential to 35.4, which acts as a support

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