Stock Market Viewpoint

Stock Market Viewpoint
Reading the Tea Leaves...

Wednesday, December 30, 2015

QCOM Just Missed the Boat?

Up until last month, QCOM's year and a half descent appeared to possibly be done if it could just hold the center line of its long term blue channel.

click on image to enlarge

Unfortunately, last month it slipped down thru that blue center line.  Looking at the weekly chart above,however, we can see that QCOM gets a little sloppy at that center blue line so it could turn back up and recover it quite easily.

Trade well my friends


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