Friday saw the technical chart breakdown in QUALCO
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Posted On: 01/23/2017 10:26:59 AM
Friday saw the technical chart breakdown in QUALCOMM, Inc. (NASDAQ:QCOM). This occurred when the stock closed below the $63.60 level. This triggers a short on QUALCOMM with a downside target of $55.75. Investors should expect continued downside with limited bounces.
*Special note: After this article was written, Qualcomm was downgraded and fell almost 5%. This article predicted it beautifully.
Investors and traders alert to chart break on QUALCOMM, Inc
*Special note: After this article was written, Qualcomm was downgraded and fell almost 5%. This article predicted it beautifully.
Investors and traders alert to chart break on QUALCOMM, Inc
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I was trained as a psychologist, then I applied what I knew to stock trading. Stocks are representing emotion of those who buy/sell them. I post all of my trades on Insert-tag-hereVerifiedInvesting.com where they are confirmed for legitamacy by their independent verification system. I've been trading since the 90s.
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