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QCOM: Preparing 3-To-5-Year Run

Published 09/18/2018, 01:21 PM
Updated 07/09/2023, 06:31 AM

QCOM Breakout
  • Breaking out of 3-year base (purple box)
  • It may or may not retest the breakout level (red arrow) similar to late 2011
  • This is long-term bullish signal
  • 3-to-5 years primary-term bullish run is expected

Monthly Qualcomm Incorporated

Overbought

  • This is a short-to-mid term bearish signal
  • Indicator insinuating (see red arrows) potential pullback
  • IF it pulls back to 68 - 70 level, it might be a good level to buy that dip

Weekly Qualcomm Incorporated

DIisclosure: I own SHARES of QCOM since 55ish

*Below chart was screened on 5/11/2018 when QCOM was trading at 55.46 Weekly Qualcomm Incorporated

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