My updated chart analysis of QCOM...I do have a short position in this stock with 10 Apr22 $170 puts & selling 20 Apr22 $165 calls...QCOM has had issues with getting over the 190ish area hitting it's head 4 times...We had an 11% run up off the start of the GAP at 155ish to a pretty big down day on 3/1 giving 50% of the gain back...Price is currently sitting on support 1 and will look to bounce or break...My outlook is that this breaks support 1 to retest the start of the GAP at the 155ish area...If it breaks that price range to the downside then this stock drops to at least 138ish area to fill the GAP...Happy Trading!!!!!!
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