QUALCOMM Incorporated
Short

QCOM- Possible retest

88
At 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.

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