CapitalHubs

Qualcomm with strong sell signal

Short
BATS:QCOM   QUALCOMM Incorporated
0
Williams %R proved to be extremely useful indicator for sell signals. Every time in the last two years when it crossed the overbought range line (-20) from above the stock fell in correction.
Additional confirmation could be the divergence between stock price and MACD histogram, which signaled the previous two corrections.
First support is $60. If broken the price could drop further to $56 (the trendline support).

BR , CapitalHubs

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