QUALCOMM Incorporated
Long

QCOM pull back offers another entry point

125
QCOM broke out after earnings but pulled back in as the market also pulled back. Could be an opportunity to enter as it makes a new high. The buy point would be 149.51 for a new high with a 11.63% stop loss based on a 10d ATR (x2.7). Position size would be R8.6.

Buy Point: 149.51
Stop Loss: 132.11
Position Size: R8.6

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