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

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.

Expected trend for today: Bullish