$QCOM - RC -
Added 2024-04-03 15:28:06 +0000 UTCI have added in the amber fib levels for its ABC correction when we see confirmed signs that Wave 5 is now complete.
From our chart, it is showing that there is one more leg up to $182 but can go as high as the blue line if it goes extended, so I can not confirm right now that Wave 5 is complete.
We can see that the price is significantly higher than the 50 and 200 Day MA so a pull back to these levels will be expected over the next 3-6 months.
It all rests on the sector, whether it is time to pull back....I suspect earnings season will play a part in this decision.
Comments
Yes, I believe so
Gareth Neary
2024-04-03 16:54:49 +0000 UTCIs this part of primary wave 1 @Gar?
Jesse Gaffey
2024-04-03 15:31:53 +0000 UTC
