Stocks in our radar - QCOM, TSLA and more

Daily Chart -[BULLISH ↗ **] QCOM bounced above major swing low support at 155.70. As long as 164.95 is support, a further push higher towards resistance at 180.95 then next resistance at 199.85 is expected. Price is holding above short term 13 period EMA and MACD is showing a build up of bullish momentum.

Daily Chart -[BULLISH ↗ **] TSLA has formed a series of higher lows. As long as price is holding above 200.75, we stay bullish, expecting a further push up towards 1st resistance at 232.10 then 2nd resistance at 251.50. Price is holding above both long and short term EMAs.

Daily Chart -[BULLISH ↗ **] 4519 JP shaped a bullish breakout and is now above recent swing high at 6609. As long as price is holding above support, a further push higher towards 7400 resistance is expected. Technical indicators are advocating for a bullish scenario as well.

4 Hour Chart -[BULLISH ↗ **] 5406 JP made a sharp rebound and is holding above near term support at 1670.50. Level above which we stay bullish, expecting price to push higher towards 1886 resistance. Price is now above short term 13 period EMA and MACD is showing a build up of bullish momentum.

Daily Chart -[BULLISH ↗ **] S68 SP has shaped a strong bullish exit of an ascending wedge. As long as the price is holding above 9.90 support, a further push up towards 10.93 resistance is expected. Technical indicators are advocating for a bullish scenario as well.

Prepared by:

Isaac Lim CMT, CFTe
Chief Market Strategist

This report is provided for informational and general circulation purposes only and should not be construed as an offer, solicitation, or recommendation for the purchase or sale of securities, futures, or other investment products. It does not take into consideration any particular needs of any person. This advertisement has not been reviewed by the Monetary Authority of Singapore.