Qualcomm Inc (NASDAQ) Analysis, Chart, and Trading Idea

#QCOM
 

The trend is ascending overall. The stock is traded in the range between 365 and 135 ЕМА. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.  The resistance level of 122.80 curbs the buyers.

Trading idea:

Buy at the formation of the uptrend wave structure, when the (A) wave breaches the sloping channel of the downtrend truncated structure;

Stop-loss: 122.80;

Target price levels: 32.00, 139.00.