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Pastimes : ASK Vendit Off Topic Questions

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To: Uncle Frank who wrote (555)6/5/1999 11:54:00 AM
From: Venditâ„¢  Read Replies (1) of 19374
 
Frank,

I'm glad things are turning out as the TA suggested that they would. It still looks as though $119 to $120 is highly possible. You can see in the bollinger chart that QCOM has now made it's old upper resistance of $100 now it's lower support level.

209.67.221.61

You can now keep the $119 to $120 target in view as long as $100 is not breached to the downside.

The stochastics indicator says QCOM has enough room technically to make that move to $120:

askresearch.com

My favorite momentum buy signal indicator was also triggered on Friday which is a very bullish sign.

askresearch.com

Williams R which I have not shown here is showing a nearing temporary top but I tend to put more faith in the momentum indicators at this point which are all sitting on GO.

As long as the market stays some what stable QCOM should have continued smooth sailing into this next few days at least. The possible trading range now between $101 to $120. The large open candle formed on Friday suggests a open to the upside on Monday.

Vendit
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