QCOM - Ascending back to high

Oct 21

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Volume
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- neutral

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Price Action
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- Ascending Triangle observed
- 1 year downtrend line broken, supported on the same trend line

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Technical Indicators
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- Ichimoku
>>> price above cloud
>>> Red kumo budding
>>> Tenken [Conv] - Above clouds
>>> Chiku [lagging] - Above clouds
>>> Kijun [Base] - Above clouds and sloping away

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Oscillators
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- MACD turning bullish
- DMI turning bullish
- StochRSI, bullish, crossed

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Conclusion
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- short to long term breakout swing
- price may reverse at current level, to enter spot or wait for pullback at entry 2.

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Positions
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Entry 1 - $167
Entry 2 - $160

Stop - $150

Exit 1 - $184
Exit 2 - $200
Exit 3 - $212
Exit 4 - $225
Exit 5 - $250

Oct 30

Trade closed: target reached

TP 2 achieved