Sell stop breaking under $79, targeting $76, stop $80.3
I'm suspicious of Qualcomm up here as it has tracked along this easily identifiable trend channel for a long, long time now. Making money is never EASY in stocks and when it looks easy, then it is about to get VERY DIFFICULT in short order. That is what my experience has taught me, and the only way to get experience is to lose money on a trade. I have plenty of experience and that's why I'm here at TradingView trying to help you accelerate through the learning process.
Comments
theftproof
⋅
How to i get the range movement indicator on the chart. cant find it if i search for it? do i need pro/permium or whatever its calld for it?
timwest
⋅
It will be on a package of indicators that are being programmed now - but you can click "make it mine" after clicking on the top right hand corner icon and see the script there. Then just save the chart and it is available for you.
lesbi007
⋅
hey Tim, don't you think it is actually going up...ascending triangle?
timwest
⋅
Hey Les, It could go up and break out of this consolidation, you could take that trade too. Just use $79 as your stop (and reverse to go short). Tim
lesbi007
⋅
Cheers
timwest
⋅
The green shapes and lines are from earnings - that is the key level to look at "post earnings" - note that QCOM hasn't retested a previous earnings price in a long time.