As much as I'd love to see that gap fill from the 14th-15th of April... Upward (in blue) retested on Friday before jumping, BB have cleared way to allow a run up. Ichimoku- Conversion line in blue moving up and away from the base line in red.
Wouldn't be surprised if we see a red day or 2 before , but not really expecting it...
IF resistance breaks at $88.50 and IF it holds, we could continue on up towards ATH from 2000 of around $90 easy and maybe hit new ATH . (Don't forget it's still overbought though. Could get choppy.)
Have been trying to decide what to play for , was leaning towards a strangle. Semi's not really having a good szn, and looking like it's cyclical and that most if not all Semi's will be bad (my opinion). With that said. QCOM is getting upgrades from lots of analysts for the next few years not just quarter. Apple settlement, it's dominance in 5G and modem speed compared to most competitors. Clearly we're gonna be looking for Apple to announce that they're using 5G QCOM modems.(Prob on models for 2020, but who knows)
Apple reports after close on the 30th. I will definitely be checking out calls for QCOM that day.
Not advice. JS