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.
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...
Daily and Hourly charts setting up for a short position contingent on no major market moving news. I'm fully expecting the FED to announce no QE3 this month, to confirm the bearish swing reversal here.