BUY! QUALCOMM INC (QCOM) Nasdaq

  Report No. 1003    Analysis by: Harry Aloof     MARCH 24, 2000

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

Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study

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Price Objective:
$215.00 Risk/Reward:
$3.00 VS. $70 1/4 Risk/Reward Ratio:
23:1
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