Mixed signals for now.
There are some recent positive moving average crossovers but the top trendline of an apparent broadening megaphone like pattern, appears to be giving QCOM some issues.
The moving averages are still out of order with the 200 on top versus the bottom of the group. It is not sloping down and is the longest term moving average on the chart.
Price is hanging on the 50 DMA.
The 20 looks droopy.
I am not sure this will be able to get past that descending top trendline in a timely manner but time will tell.
Possible M forming that would take this down a notch or 2 or even 3.
It is early to be guessing at what is forming, so I will not.
There is an unfilled gap overhead.
I like this stock and plan to watch it.
No recommendation. Be safe.
I thought the government bailed out this industry so all would be hunky dory. Well I guess we bailed it out because the government does not generate revenue I guess.
I guess we are paying for my unemployed next door neighbor's horticulture master's degree too. She plants a lot of tomato's in her back yard and owes a ton in student loans. She does give me a tomato sometimes though. (o:
If you can not spot the fool when you sit down at the poker table, it might be you.
There are some recent positive moving average crossovers but the top trendline of an apparent broadening megaphone like pattern, appears to be giving QCOM some issues.
The moving averages are still out of order with the 200 on top versus the bottom of the group. It is not sloping down and is the longest term moving average on the chart.
Price is hanging on the 50 DMA.
The 20 looks droopy.
I am not sure this will be able to get past that descending top trendline in a timely manner but time will tell.
Possible M forming that would take this down a notch or 2 or even 3.
It is early to be guessing at what is forming, so I will not.
There is an unfilled gap overhead.
I like this stock and plan to watch it.
No recommendation. Be safe.
I thought the government bailed out this industry so all would be hunky dory. Well I guess we bailed it out because the government does not generate revenue I guess.
I guess we are paying for my unemployed next door neighbor's horticulture master's degree too. She plants a lot of tomato's in her back yard and owes a ton in student loans. She does give me a tomato sometimes though. (o:
If you can not spot the fool when you sit down at the poker table, it might be you.