Honey, put the wheelchair away, because this baby has got some legs.
Little suspect of any tech stock continuing to run in the current event given my notes on how i personally feel about china, the markets and economic climate.
However, the gap is starting to fill back from march crash.
If it can push above 85.20, I would use that as an entry point for a quick trade ensuring my limit sell is set to 87.20 and keeping a tight stop loss.
I would continue to raise my stop losses if Qcom continues to rise in the short term.
Checked out the earnings whispers website and notices that they expect -50% in quarterly revenue. So any long term hold on a chip stock is risky.