Qcom head and shoulders pattern ?

A look at the QCOM chart :

  • A possible Head and shoulders pattern, with the neckline at 57
  • However, a red hollow candlestick, a bullish signal, especially with a intraday low value of 55.5, but running up above 57
  • 10d MA is about to cross the 20d MA , so let’s wait a couple of days to see whether the head and shoulders pattern will work out

 

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