Like the market as a whole, Qualcomm shares recovered significantly. With the downward movement on May 1, which many market participants interpreted as a continuation of the bearish trend, the share delivered a precise 50% correction. This should not be seen as bearish, but rather gives hope for further price rises.
We have drawn a conservative and an aggressive take profit for a long position in the chart here.
We have drawn a conservative and an aggressive take profit for a long position in the chart here.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.