QCOM -- riding the "MicroChip/AI" growth era. UPSIDE in order!

JSAL Updated   
QCOM is signaling a BIG BUY ALERT as big news recently came up -- with Meta and Qualcomm teaming up to run big A.I. models on phones.

Qualcomm and Meta will enable the social networking company's so-called new large language model, Llama 2, to run on Qualcomm chips on phones and PCs starting in 2024. The chipmaker says the technology will enable applications like intelligent virtual assistants.

On our monthly data, long term price shift has already commenced. The stock bounce of a 61.8 FIB level with precision. The 120ish price area has been a reliable major order block support for quite sometime. On histogram, higher lows has been created conveying the current price range as the new base for the incoming series of ascend.

Volume has been surging in an impressive fashion. Net positive volume is up by 154% from 9.32M to 23.7M. This shows significant buyer's positioning on the company's prospective fundamental and technical growth.

If you think NVDA is too high now -- and want a similar growth prospect within the same industry, QCOM will no doubt fit the bill. The room for growth for this tech stock is unbounded.

Expect some notable price growth from here on for QCOM -- as the world enters a new era of technical innovations.

Spotted at 124.0.

Safeguard capital always.

Trade active:
Update: The journey to initial target of 140 is currently taking shape.


Trade active:
This is lowkey moving -- and no one is paying attention. lol

Trade active:
Weekly higher lows has been registered -- first time in a few months.

This is hinting of long term reversal. Upside valuation of this one will be significant after a few weeks/months.

Spotted at 115


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