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Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?


To: Jorj X Mckie who wrote (66965)2/16/2000 10:23:00 AM
From: HairBall  Read Replies (3) | Respond to of 152472
 
JXM: My last contribution to this thread for a while...

My QChart QCOM 15-Minute Semi-Log Scale Chart
Note the falling resistance line (dark green) and the "in play" rising support line (red) are presently bounding the trading. Keep an eye for a break (not just a penetration) of either line as that should be a clue to direction. As the lines are converging on a apex that occurs on Friday, most likely a decision will be made by or before that apex is reached.
marketdirectionanalysis.homestead.com

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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.
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Good trading...

Regards,
LG