Qualcomm (QCOM) recently broke out of its downtrend line and into a potential bullish flag pattern. This may offer a short term trading opportunity (or swing trade if the market can firm and defined risk – stops – hold). See charts below.
Qualcomm (QCOM) stock charts with price support and resistance levels and technical analysis as of July 24, 2012. QCOM breakout and flag pattern. Qualcomm stock chart showing price levels and possible targets.
No positions in mentioned securities but looking to take a position in next 24 hours.
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