Thread by @malteseinvest

Analysis: #NASDAQ $QCOM

Case 55 #Qualcomm Incorporated

DISCLAIMER: The analysis is strictly for educational purposes and should not be construed as an invitation to trade.

Thread 👇👇👇

#QCOM 1/5

After 3 years of base building at approximately the 49.00 level, price is now ready to tackle the all time high set in March 2000, but to do this a monthly close above #pivot resistance at .......

QCOM 2/5

...... 88.06 is required and a lot of work still needs to be done. Current conditions are volatile and choppiness should continue.

QCOM 3/5

Chart 1
Monthly Chart: Resistances at the all time high (100) and 101.90 (sloping #trendline) are formidable and selling pressure is expected to be seen at those levels. The strong support area is between 61.00-52.00

QCOM 4/5

Chart 2
Weekly Chart: Synthetic trendline #resistances can be seen at 105 and 113.50-115.80.

The #Strategy is printed on the image.

$QCOM 5/5