So Far my Tech Analysis is working out
as long as no negative news, we should see ATH by end of dec. The Long wick on Wed 21st Nov shows that there is a lot of sellig pressure there. Price will gradually work its way up to take out the liquidity there.
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I ain’t any guru… i follow technicals and trend line of the market
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Sam Vandersey : comments on $Qualcomm (QCOM.US)$ ?
OceansWave OP : Need time to do the analysis.. will try to do something for QCOM..
Coach Donnie : Let’s GOOO
OceansWave OP Sam Vandersey : Price for QCOM has broken through the daily bearish FVG. However it needs to breaks past the 166.41 level and close at the daily level with a body candle close. That level is the bearish Order Block where many sellers like MM are placing their stop losses there.
The EMA 13 is gradully trying to cross above 20, and that will form a bullish movement upwards. Give it some time.. if this week can close above 166.41 with body candle close, we should see bullish movement for QCOM upwards.
Sam Vandersey OceansWave OP : great. thank you!