I've entered a long position in $QCOM. Charts looks bullish. The factors for this decision were the following:
So, let's see how this plays out.
- Price is above all SMAs (30, 50, 200)
- In the next days we should see a bullish cross of the 30 and 50 SMA
- The current low was made on the 5th of August, the next low on the 6th of September was significantly higher
- We have tested the resistance cluster [red] several times - the more it's tested the less likely it's being respected.
- Have you heard the rumours about the takeover of Intel? Me too, but I trade the chart not the news. ;)
So, let's see how this plays out.
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