- Qualcomm broke strong resistance level 177.00
- Likely to rise to resistance level 183.00
Qualcomm recently broke the resistance area between the strong resistance level 177.00 (top of the previous wave (B)) and the 38.2% Fibonacci correction of the downward ABC correction 2 from October.
The breakout of this resistance area should accelerate the active intermediate impulse wave (1).
Given the clear daily uptrend, Qualcomm can be expected to rise to the next resistance level 183.00 (former monthly high from November).
- Likely to rise to resistance level 183.00
Qualcomm recently broke the resistance area between the strong resistance level 177.00 (top of the previous wave (B)) and the 38.2% Fibonacci correction of the downward ABC correction 2 from October.
The breakout of this resistance area should accelerate the active intermediate impulse wave (1).
Given the clear daily uptrend, Qualcomm can be expected to rise to the next resistance level 183.00 (former monthly high from November).
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.