lauralea

Cup and Handle

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NASDAQ:QCOM   QUALCOMM Incorporated
Long when chart chills out a bit
Chart is in a bit of a struggle right now it appears. There is an unfilled gap below price that will provide excellent support.
I sold half of my position and waiting until the struggle resolve to buy more..I really do not like gaps underneath mel. The closer I can get on entry to that gap, the better
Possible rising wedge with bottom trend line of the RW at 111.6ish
QCOM may remain inside of the RW as Rising wedges are long term patterns. QCOM is sitting on bottom trend line almost like it is providing support...but then there is that gap that may never fill..worth my watching for a bit before buying more
Strong stock and I am hoping for targets 2 after this pull back
But nothing is ever a sure bet in the market
NV is high and short interest is low
I just like this stock. Great dividend and owning it does not keep me up at night (o:

Not a recommendation
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