$QCOM
Honey, put the wheelchair away, because this baby has got some legs.
Little suspect of any tech stock continuing to run in the current event given my notes on how i personally feel about china, the markets and economic climate.
However, the gap is starting to fill back from march crash.
If it can push above 85.20, I would use that as an entry point for a quick trade ensuring my limit sell is set to 87.20 and keeping a tight stop loss.
I would continue to raise my stop losses if Qcom continues to rise in the short term.
Checked out the earnings whispers website and notices that they expect -50% in quarterly revenue. So any long term hold on a chip stock is risky.
Honey, put the wheelchair away, because this baby has got some legs.
Little suspect of any tech stock continuing to run in the current event given my notes on how i personally feel about china, the markets and economic climate.
However, the gap is starting to fill back from march crash.
If it can push above 85.20, I would use that as an entry point for a quick trade ensuring my limit sell is set to 87.20 and keeping a tight stop loss.
I would continue to raise my stop losses if Qcom continues to rise in the short term.
Checked out the earnings whispers website and notices that they expect -50% in quarterly revenue. So any long term hold on a chip stock is risky.