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Trading Idea - Qualcomm, 20-11-2023
Trading Signal: #S-QCOM
| Order | Sell |
| Direction | Range Bound |
| Pattern | Trading in a rectangle pattern |
| Interval | Daily |
| Length (Candles) | 3 |
Idea Summary
The medium term Qualcomm stock price forecast is bearish. The #S-QCOM price has beached above the resistance of a rectangle chart pattern. Most likely the price will return below the resistance and decline to test the 200-period moving average MA(200) while there is a likelihood it may continue rising.
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