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QUALCOMM Incorporated
Long
Updated

QCOM May 2, 2024: A New High

129
A new 52-week high after earnings, while the overall market is still in correction, and the main indices NDX, SPX are all still below their own MA-20, MA-50

This is a classical buy point for trend-following traders.

With the stop loss below the low of the current session.
Trade closed manually
I decided to close the trade here at $202 to reduce my exposure to chip into NVDA earnings
longsonvn
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Chart PatternsTrend Analysis

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Chart PatternsTrend Analysis
longsonvn
Also on:

Related publications

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.