QUALCOMM INC
(QCOM-Nasdaq):
Technical Viewpoint: From a low
of $105 5/8 on Jan 28, 2000 prices
rallied, reaching a
high of $148.00
on Feb 3, 2000. A
decline saw prices pull back, reaching a
low of
$120.06 on Feb 15, 2000.
Another rally saw prices penetrate
resistance, closing 3/23/00
at $144 1/8. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 23, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $125 3/4. Resistance: Is at $148.00.
Point & Figure: Reversed to the upside on Mar 23, 2000. A P&F upside
reversal takes place at $125.00. Summary: Technical indicators have turned bullish. BUY! QUALCOMM INC
(QCOM-Nasdaq) @ $144 3/4 Stop: Use a protective stop of $141 3/4.
QUALCOMM INC is currently trading @ $144 1/8 plus $9 1/4 on Mar 23, 2000. Price Objective:
$215.00. Risk/Reward: $3.00 VS. $70 1/4. Today's Risk Reward Ratio: 23:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$215.00
Risk/Reward:
$3.00 VS. $70 1/4
Risk/Reward Ratio:
23:1
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