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
