QCOM Gap Fill ReversalQCOM previously gapped up and then retraced back down to completely close the gap. It has now broke that resistance of where the previous gap started in the daily chart. I expect QCOM to continue to push up to where it gapped up to in the first place around the 90 level. Got into this stock at $86
QCOM trade ideas
QCOM- Possible retestAt 79-80. Negative MACD restrengthened on 4 hr and daily.
Daily MFI at lowest since April, while Accumulation at lowest since September.
Bull case: Recent gaps are filled, MFI getting close to oversold, RSI on its way towards oversold.
Bear case: Retest to 79-80 entirely possible with restrengthening of negative MACD on higher tf. 3 day and weekly MACD looking to possibly go red in the next week or 2.
Waiting on more candles to see if a pattern emerges on that down trend in black.
Not advice. DYOR.
QCOM - DAILY CHARTHi, today we are going to talk about QCOM and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
Want to know more about our trades and ideas? Join the Traders Heaven today.
Thank you for reading and leave your comments if you like.
To have access to our exclusive contents, and see more of our work, join the Traders Heaven today! Link Below.
Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
Let's get crazy bullish on QCOMLooking for yield and growth, i don't see anything better than QCOM right now. I'm seeing a 20 year phase 2 hyperwave, we could possibly be in phase 3 right now. Once the yellow overhead resistance is broken on a monthly candle i feel good about confirming the phase 3 line.