On a market rebound next week, QCOM looks good for a swing long.
QCOM is breaking below Rising Wedge Pattern. Looking for volume spike to confirm. Price broke 50Day MA, looking to test 200Day MA.
This stock also has currently a Ascending Channel pattern and RSI is currently in a bullish mode. This company has strong potential to increase their growth due to the fact that they make parts for smart phones. finance.yahoo.com finance.yahoo.com
Previous sell signal confirmed by the divergence was in line with my expectations for drop under the 200 day moving average. Currently QCOM stock shows the same pattern. The target price is around $60. Best CapitalHubs.com
I like the stock above 63.90 with target price $70 and stock loss at 57.29. May sell Jan 57.50 Put 85% chance to end OTM
Breakout above Cloud on Weekly and Daily charts
Perfect breakout for QCOM, will need a good volume on monday and we're on for the 65.50.
handles the 64 - 65 area. big vol = potential long / no vol potential short. trade your plan, not mine or someone else's...
QCOM will be watched closely for options action with earnings November 7th.