QCOM hit resistance at 150 after an earnings gap up and is now forming an ascending triangle that should end soon as the rising lows force a new high. Buy point would be the top of the triangle or just past 150 to break that resistance. The 10d ATR (x2.7) asks for 11.24% stop and a position size of R8.9. An alternative is to use the low of the triangle as a stop loss.
Buy Point: 149.85
Stop Loss: 11.24% (133.01)
Position Size: R8.9
Alternative
Stop Loss: 7.55% (138.53)
Position Size: R13.24
Buy Point: 149.85
Stop Loss: 11.24% (133.01)
Position Size: R8.9
Alternative
Stop Loss: 7.55% (138.53)
Position Size: R13.24
Website: drewby.com
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
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.
Website: drewby.com
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
Twitter: twitter.com/drewrobbins
All ideas are for information purposes only. I may or may not invest in the stocks discussed. Before investing in any stock, do your research and trade using your rules.
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.