Simple price action patterns on the hourly 
QCOM chart are showing bearish indicators. First, a simple consolidation-breakout pattern on the downside, followed by a 65/200 EMA death cross. The cross backed a severe downtrend, covering the large gap from the 17th. These signs are highly indicative of further bearish QCOM movement; and extremely reduced chance of a major reversal.
QCOM chart are showing bearish indicators. First, a simple consolidation-breakout pattern on the downside, followed by a 65/200 EMA death cross. The cross backed a severe downtrend, covering the large gap from the 17th. These signs are highly indicative of further bearish QCOM movement; and extremely reduced chance of a major reversal. 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.