Nov. 14 at 2:52 AM
$QCOM is currently trading at
$174.5, showing a neutral RSI of 54.31, indicating no immediate overbought or oversold conditions. The price is above the 30-day moving average (MA30) of 170.93 and the 50-day moving average (MA50) of 168.67, suggesting a bullish trend in the short to medium term. The recent 60-day high of 205.95 indicates potential resistance, while the low of 153.05 provides a solid support level.
Directional bias leans bullish due to the price being above key moving averages. Suggested entry point is at
$176, slightly above the last close to confirm upward momentum. Set a stop loss at
$170 to limit potential losses. Target 1 is
$190, aligning with a reasonable retracement from the recent high, and Target 2 is
$205, the recent 60-day high, which could serve as a profit-taking point.
Overall, the trade plan capitalizes on the current bullish trend while managing risk effectively. https://privateprofiteers.com