Price is Below a Symmetrical TrianglePrice is below the triangle.
Doji of indecision today and a spinning top yesterday.
Earnings miss for QCOM and not only was it at the resistance line of the triangle when the drop took place, price was also at the upper trendline of a channel down so perhaps a double whammy.
It is getting harder and harder to draw trendlines as the channels down are aging somewhat.
I see 2 channels but you may see it differently.
I drew the trendlines on a weekly time frame.
No recommendation.
Strong stock but in a bad place )o:
I have noted as of late, that when price breaks down from a symmetrical triangle, it is often a deep break.
