QCOM has formed a small double top on the daily chart. Throwback has already completed. Play this as a short term play. Maybe play the the march thru may options. That being said, do not stay short in this stock for a long time. There is a large W formation on the weekly chart. On the monthly chart there is a strong rising trend line with recent declining trend line creating a wedge formation. QCOM's price action is compressing. Price compression can generate strong swings in either direction.
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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.