Qualcomm with strong sell signal
Williams %R proved to be extremely useful indicator for sell signals. Every time in the last two years when it crossed the overbought range line (-20) from above the stock fell in correction.
Additional confirmation could be the divergence between stock price and MACD histogram, which signaled the previous two corrections.
First support is $60. If broken the price could drop further to $56 (the trendline support).
BR, CapitalHubs
Additional confirmation could be the divergence between stock price and MACD histogram, which signaled the previous two corrections.
First support is $60. If broken the price could drop further to $56 (the trendline support).
BR, CapitalHubs
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.