QCOM - QUALCOMM INC / Price Target $103.75 / $90 Entry

0. Notes to follow;

Note

1. So we have Qualcomm in consolidation from May 02 2019 until Nov 15 2019, then we have a Cup & Handle Formation, taking us to Dec 16, 2019;

2. Qualcomm takes off after this consolidation and heads to $95+;

3. Qualcomm heads back into correction / consolidation / crash, during the Feb 21 to March 20 Crash;

4. Qualcomm consolidates back to the pre Covid-19 level by June 9 2020;

Note

5. Then we have continued consolidation, and another Cup & Handle Formation taking us to July 1st 2020. The Market is consolidating during this time as well;

6. We are now above the trend line, and possible support at $90;

7. Stock is just at the Bottom of the Current Channel, that is was Pre-Covid;

8. Qualcomm has room to easily run in the channel to $100+;

Note

9. Current price target on Qualcomm is $103.75, based on the Channel height of $12.50 and momentum players will take this through the channel;

0. More in the days to come.

drchelsea1

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drchelsea1