By Licia Leslie
October 23, 2024
Hi Shoppers,
Qualcomm (Ticker: QCOM) has had a bit of a pullback and looks ready to rally:
It has formed a hammer right on the pitchfork support with confirmation yesterday.
I have resistance just above here which lines up with the 200 day moving average at $174.
Above there the stock can rally to $178 and possibly $180.
Use a close below the 200 day moving average as your stop loss.
Trade Review
Those Oct30 252 calls in SPDR Gold Trust (Ticker: GLD) were up a buck yesterday!.
Thank You for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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