Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 170.90

-1.3%

Nov 7 9:30 AM EST

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To: marginmike who wrote (61679)	1/12/2000 8:23:00 AM
From: HairBall	Read Replies (4) of 152472

To All: Below is a QChart of QCOM. It shows support/resistance levels to track. Strong support from a price action area and a rising support line came in to play at the end of Tuesday. If it is negated not just penetrated, QCOM is going much lower. However, Stochastic, Momentum and MACD indicators are showing support for this support range. However, the overall market can and often does effect stocks especially those in flux. The over all market direction today in particular the COMPX will be influential. The COMPX looks to be firming and has held at the lower boundary of it recent gap up, so far! Keep an eye on this support level as well as the ones on my QCOM chart below? MY QChart - QCOM 30-Minute Semi-Log Chart marketdirectionanalysis.homestead.com ------------------------------------------------- My QChart Trend Lines Green lines are resistance trend lines or resistance horizontal price action areas. Red lines are supportive trend lines or supportive horizontal price action areas. Gray lines are either resistance trend lines, resistance price action areas, supportive trend lines or supportive price action areas that have been broken. They can now act as either support or resistance depending on price action. Dark blue lines are formation lines. Light blue lines are previous formations. ------------------------------------------------- Regards, LG

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