TradingView
RatioTraderfc
Mar 12, 2016 12:21 AM

Qualcomm Short 61.8% Retracement, Trendline and Resistance Short

QUALCOMM IncorporatedNASDAQ

Description

I really like Qualcomm short here. It's at the 61.8 on the weekly. It's also at trend line resistance as well as previous structure support. While the market was up around 1.5% today, Qualcomm barely moved only going up 0.38%. It has a history of rallying up resistance levels and then crashing down hard. For all these reasons I'm short QCOM going into next week.
More