Potential head and shoulders sighting in QCOM . We should wait for the breakout to happen at the neckline after which a corrective wave will follow. I expect the correction to be at ~$85 which is about 40% short trade. Do you agree with the idea?
He probably shorted and looking for a way to make people sell. I am not an expert but what would be a driving factor to make the price fall that much? You should provide more explanation. And also watch out for all the upgrades QCOM is getting. It looks more likely to go up than fall 40% unless there is going to be a big crash in the market.