A clean Rounding Bottom often precedes a big move. Validate your entry.
Gradual reversal from bearish to bullish.
Market participants tracking Qualcomm should note the latest formation. The stock is trading at $211.8, up 4.59% on the day. The primary technical feature is a Rounding Bottom formation. The trend indicator is reading 23.4/100, suggesting moderate momentum. A potential breakout level is identified at $247.9, targeting $373.81 with support near $184.94 (R:R 2.0).
What is your outlook on QCOM?