QCOM big potential for this one. After we touched 123, we bounced back but we didnt have enough strength to move above .50Fib and the 200EMA(green).
This could be the same situation as MRVL(waiting for its money flow phase) and we could see a sharp move towards 220.
However, we're more likely to see price moving back towards 99.79(last ATH), where a monthly FVG is right above, or lower.
For a bullish scenario to have any stand, we need to at least break above 175 before retracing or a legit retest of support between 135-123.
Im not entering any positions on this, since price is mid range during a consolidation phase.
*If we stay above 150, we will likely break above 175*
