QCOM Weekly: Pennant formation with downside target $32

This is a long-term weekly chart on QCOM             which completed an extended ABCD at the $81 level on Jul'2014. Currently trading near the top of a pennant formation with a clearly defined stop-loss level (ie. upper bound of pennant ) with a huge potential if QCOM             does break down and start a continuation CD leg to $32. This is a company fighting with its major customer ( AAPL             ), turning down a premium bid from AVGO             and shelling out top dollar for NXP. If AVGO             walks away. management would have lots to answer for.
ok..I understand the negative moment but 32$ target??...are you serious?
WellTrainedMonkey pippo.lupo.18
@pippo.lupo.18, that is what the lines imply if we do get a break down. Don't forget this is a weekly chart so a lot can happen in the space of a year. Take a look at their slowing sales and declining operating margins. It also sounds like you have an anchoring bias when talking about the price objective.
pippo.lupo.18 PRO WellTrainedMonkey
@WellTrainedMonkey, simple say that a reduction of 50% for a company that have received a BO of 117 billion and has been declared strategic by the US president seems not so real..but anyway we will see..long life!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out