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QUALCOMM INCQUALCOMM INCQUALCOMM INC

QUALCOMM INC

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QCI trade ideas

QUALCOMM with bullish Flag Qualcomm is caught in its longtermdowntrend. Now the stock has reached an important resistance Level at round about 53$. Here is based the midterm downtrends upper edge and the important SMA 200. In march, Qualcomm tried to beat this Level - a consolidation followed and stopped near the fibo 38,2. From then on, a bullish flag appeared. Now 2 different Szenarios can be traded: - Short again, hoping that the resistance would hold again. With this opinion, an entry at the actual Level could be intzeresting. Stopp should be installed a tick above the sma 200. The TPs of this short coan be: 49,7 (flags bottom edge) / 49 (38,2 fibo) / 47,75 (0,5 fibo) / 44,4 longterm uptrends bottom edge) / 42,2 (last significant low) / 36 (worst case - midterm downtrends bottom edge) - Breakout Chance : Long entry above the sma 200 with TP 58/59$. i have illustrated the different views in the chart
NASDAQ:QCOMLong
by The_Cannalyst
QCOM has a bearish chart in near term. A candidate to short .QCOM could not break the downtrend at 53.59 and started moving down . It tried to pull from 50.78 but again was a lower high and fell below 50.66 on 3/24. This is an indication that the downtrend is here to stay for a while and can be short. The weekly chart shows confims downtrend and also in overbought zone for now. If it closes below 50.18, it is likely to touch 48.18 before it pulls back. if it does not sustain that it can fall to 47.43
NASDAQ:QCOMShort
by AmitPrabhakar