I found many signs of Divergence in Qualcomm going into Earnings. I am not one to identify as bearish nor Bullish but It needs to make sense to me in terms of momentum. Prior into Earnings I found several issues with the symbol. 
QCOM Faced several points of resistance and weakening signs of moment.
Diverging 60 day stohiastic
Diverging smooth MAcd
Diverging ACCUM/DIST
I also saw that the fair price was becoming a point of resistance and the Fib was struggling at .5% following a retracement of the huge $18 dollar movement. Granted, I am a momentum trader and have no loyalty to the weather a stock goes up or down, but in the recent time to come it seems to me investors are not rushing to invest. We will more then likely test 170 soon. Only time will tell!
QCOM Faced several points of resistance and weakening signs of moment.
Diverging 60 day stohiastic
Diverging smooth MAcd
Diverging ACCUM/DIST
I also saw that the fair price was becoming a point of resistance and the Fib was struggling at .5% following a retracement of the huge $18 dollar movement. Granted, I am a momentum trader and have no loyalty to the weather a stock goes up or down, but in the recent time to come it seems to me investors are not rushing to invest. We will more then likely test 170 soon. Only time will tell!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.