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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 181.30-0.5%3:59 PM EST
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To: Craig Schilling who wrote ()2/15/2000 10:05:00 AM
From: CAtechTrader  Read Replies (2) of 152472
 
A little TA (very little TA)

The Q is in an interesting position here. We call this a potential "draw-play", meaning it looks to go one way and then quickly goes the other. Right now, the Q acts weak, looks weak, however, there is a tight trendline above with points at 160, 142 and 140 that approximately define it. Any quick move above this line and bingo, all the sudden the chart looks great. We'll see, we are out right now with an itchy trigger to get back in should the "draw-play" start to evolve.
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