For those unfamiliar with Qualcomm: leading company in the production of chipsets for the best Android smartphones in circulation. Also active in the development of 5G, artificial intelligence, modems, and wifi antennas.
I entered long on this company with undoubted growth potential, after the rather violent pullback in February, where the price has discounted well 25.89%!
Technical Analysis: With Thursday's close above the 137.27 level, QCOM nearly closed its November GAP. Very important strength index.
The uptrend is accompanied by good volumes, considering that the stock is unlikely to trade more than 20 million shares per day.
Also considering the volumetric analysis, here are my targets:
@sipiceanu, Cause the Bull is always lazy and slow, Bear, unfortunately... it's faster ;)
sipiceanu
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@LazyBull5, now that you mention it, you're right. Which actually fits into the other motto which is Market takes the stairs up (slow.. Bull) but the elevator down (fast...Bear) ...