Keep Qualcomm on your watchlist for a possible breakout..!
Price action to:
-123 as an important support level.
-Lower border of downward channel and bounce back perfectly
Now QCOM is at the upper border of the downward channel and a possible breakout is imminent..!
My most recent analysis:
Oct13,2021
Entry: 125.5
Stop loss:122.15
Reward/Risk:2.95
Target range: 135
Time Frame: 4wks
Possible gain: 7.66%
Possible loss: 2.6%
Position size: 5 % of trading capital
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Qualcomm (QCOM) designs, develops, and supplies semiconductors and collects royalties on wireless handheld devices and infrastructure based on its dominant position in CDMA and other related technology patents.
-123 as an important support level.
-Lower border of downward channel and bounce back perfectly
Now QCOM is at the upper border of the downward channel and a possible breakout is imminent..!
My most recent analysis:
Oct13,2021
Entry: 125.5
Stop loss:122.15
Reward/Risk:2.95
Target range: 135
Time Frame: 4wks
Possible gain: 7.66%
Possible loss: 2.6%
Position size: 5 % of trading capital
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Qualcomm (QCOM) designs, develops, and supplies semiconductors and collects royalties on wireless handheld devices and infrastructure based on its dominant position in CDMA and other related technology patents.