$QCOM now one of my short term favs
QCOM looking to breakout of a symmetric triangle for a intermediate wave 3 of a primary 1. PT will be ~160.
Support: AVWAP and 30 week MA curling support below
Resistance: between 149-150 is last major resistance holding back the launch to 160
How to trade this: Right now we could still consolidate until early October. Create trendline break alerts and >150 alert. On QCOM breakout wait for slight backtest (strong breakouts dont have to fully backtest, so on breakout all dips a buy). At that point 155c several weeks away could be an effective position to take for the ride to 160. Stop loss would be set under the 149 resistance turned support
Support: AVWAP and 30 week MA curling support below
Resistance: between 149-150 is last major resistance holding back the launch to 160
How to trade this: Right now we could still consolidate until early October. Create trendline break alerts and >150 alert. On QCOM breakout wait for slight backtest (strong breakouts dont have to fully backtest, so on breakout all dips a buy). At that point 155c several weeks away could be an effective position to take for the ride to 160. Stop loss would be set under the 149 resistance turned support
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.