Seems like we are having 2 sunny market days in a row. SPY, QQQ and DIA are still under the 50 and the 200 daily SMA.
QCOM appears to have broken up from a cup and handle then fell from a rectangle top and has hit down targets.
Gap filled so possible support at bottom of gap. Low after fall from rectangle is 139.05 and possible stop below here or under 144. Resistance possible at top of that gap until broken. Price is at top of the gap today as I write this.
This market is strange, to say the least so be safe. Almost every stock has resistance overhead this go around, if in fact the market is truly turning up for a change.
Earnings 4-29
EPS (FWD)
11.85
PE (FWD)
12.17
Div Rate (FWD)
$3.00
Yield (FWD)
2.08%
Short Interest
1.24%
Market Cap
$159.23B
Volume
3,903,008
QCOM appears to have broken up from a cup and handle then fell from a rectangle top and has hit down targets.
Gap filled so possible support at bottom of gap. Low after fall from rectangle is 139.05 and possible stop below here or under 144. Resistance possible at top of that gap until broken. Price is at top of the gap today as I write this.
This market is strange, to say the least so be safe. Almost every stock has resistance overhead this go around, if in fact the market is truly turning up for a change.
Earnings 4-29
EPS (FWD)
11.85
PE (FWD)
12.17
Div Rate (FWD)
$3.00
Yield (FWD)
2.08%
Short Interest
1.24%
Market Cap
$159.23B
Volume
3,903,008