Nov. 13 at 12:57 AM
$QCOM is currently trading at
$173.85, showing a neutral RSI of 53.73, indicating no immediate overbought or oversold conditions. The price is above the 30-day MA of 170.4 and the 50-day MA of 167.98, suggesting a bullish trend in the short to medium term. The recent 60-day high of 205.95 and low of 153.05 creates a range that indicates potential volatility.
Directional bias leans bullish due to the price being above key moving averages and the RSI indicating room for upward movement. Suggested entry point is at
$175, slightly above the last close to confirm upward momentum. Set a stop loss at
$170 to limit downside risk.
Targets are set at
$185 (a resistance level near the midpoint of the 60D high-low range) and
$195 (closer to the 60D high), allowing for potential gains while managing risk.
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