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


To: SGJ who wrote (96227)3/27/2001 7:44:23 PM
From: waverider  Read Replies (1) | Respond to of 152472
 
qcoman and thread...

If you look at the QCOM chart there is a definite bullish ascending triangle forming (for the TA unwashed it means we are unable to break through a resistance point after repeated attempts...61-62 for us...and a pattern of higher lows saying buyers are showing up everytime there is a dip, but with enough interest to keep it from dropping lower than the last time). See linked chart:

askresearch.com

Now then, what does this mean? In an uptrending stock it is quite bullish. Now? I dunno, but the pattern is encouraging nonetheless.

Now if some of you guys will stop pissing on anyone who suggests QCOM is not a love stock...and instead focus on reality (economic numbers, CDMA rollouts, etc.)...you could enjoy life a bit more.

<H>