Ski, thanks for the chart. I am beginning to agree, I think Qcom has some huge up potential here. All it is doing is completing an ABC correction. I mentioned on this thread on Friday that I could see Qcom moving down impulsively. Well, that would be the C wave. This is playing out perfectly. I can see bearishness all over the place on this stock, another good ingredient for a big move up.
I was not thinking about going long this stock, but after studying it this morning, I may think about some calls. I will consult with Allan and see if we are on the same page.
stockcharts.com[w,a]dhclyyay[dc][pf][vc60][ilb14!la12,26,9!ld20!lp14,3,3!lk14!lah12,26,9!ll14][J9621332,Y]&listNum=1 |
