QUALCOMM INC
(QCOM-Nasdaq):
Technical Viewpoint: From a low
of $30.23 on May 15, 2003 prices
rallied, reaching a
high of $35.63
on Jun 6, 2003. A
decline saw prices pull back, reaching a
low of
$32.55 on Jun 11, 2003.
Another rally saw prices penetrate
resistance, closing 6/18/03
at $35.69. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jun 3, 2003 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.25. Resistance: Is at $36.25.
Point & Figure: Reversed to the upside on Jun 18, 2003. A P&F upside
reversal takes place at $34.00. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC
(QCOM-Nasdaq) @ $36.13 Stop: Use a protective stop of $34.13.
QUALCOMM INC is currently trading @ $35.69 plus $1.92 on Jun 18, 2003. Price Objective:
$45.00. Risk/Reward: $2.00 VS. $8.88. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$45.00
Risk/Reward:
$2.00 VS. $8.88
Risk/Reward Ratio:
4:1
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