Rise Retraced
Updated
The rise from about 151 has been retraced by 78 %. And as the rise to 230 has been corrected at the end of July as well a continuation of the uptrend may be realistic.
Trade closed: target reached
It is not my initial target that has been reached but the week opening today indicates that there may be no immediate rise ahead. Thus I am taking the profit here and will analyse the stock again.Trade active
As long as the stock does not build lower lows but higher highs I prefer to stay long.Trade closed: target reached
I am taking another profit from this fine stock now.Trade active
There is a minor resistance, i.e. the mid August high. The position can be reduced here a bit. But I am still long Qualcomm. Trade closed: target reached
I am taking all the fine profit now. This resistance is proving stronger than I had expected.
Ahead of the weekend I am taking some risk out of my portfolio.
I still consider Qualcomm a buy and will revert to this next week.
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