CFD Trading – Buy QUALCOMM INC. (QCOM.NAS) @ $144.35. Stop @ $136.70 and Target @ $159.65.

QUALCOMM INC. Stock Code QCOM.NAS

Outlook

Price broke above the cloud in the previous trading session, changing the chart outlook to bullish. Conversion line and Base line had a bullish crossover and is hinting of a bullish price trend ahead. Lagging Span is above price of 26 days ago but is inside the cloud at the moment.  MACD is bullish and is hinting at a bullish price trend. If price is able to stay above the cloud, it could be heading towards the next price resistance at $159.67 in the next 2-3 weeks.

Strategy                  

$144.35              Buy

$159.65              Price Target

$136.70              Risk Management Stop

3 weeks              Trade Duration

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