Qualcomm receives positive support - Analysis - 01-12-2022

Economies.com
2022-12-01 12:52PM UTC

Qualcomm Incorporated's stock (QCOM) surged in the last session after leaning on the support of the 50-day SMA, amid the dominance of the upward correctional short-term wave, while countered by trading alongside the main downward short-term trend line, with negative signals from the RSI. 

 

Therefore we expect more gains for the stock, targeting the resistance of 134.22, provided the support of 118.23 holds on.

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Expected trend for today: Bullish

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