CapitalHubs

Qualcomm with strong sell signal

Short
BATS:QCOM   QUALCOMM Incorporated
313 views
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

Comments

Nice bullseye trade!
Reply
Thanks!
Reply