Home > Apprentice Trader Journals > $Debbie: Where is the opportunity in QCOM?

$Debbie: Where is the opportunity in QCOM?

After breaking down through 44.00 QCOM has been in a bit of a funk. It has tested the 200 sma on the daily several times and still is unable to break it. (200 sma daily is 41.58 for now).

In order for a real move to the downside the 200 sma would have to be taken out and in order for a run to the upside I would need to see some strong momentum and a turn on the daily toward the 20 and 50 sma (above).

So right now I sit on the sidelines until QCOM gets out of its funk!!

 

Profitable Trading All!

Debbie

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