What you guys think about Qualcomm? Fundamentally ok but going through some issues right now. Trading at most of its MAs. You guys think a possible long swing could be a good play??
Well the whole market gave us a discount today on companies that have very little issues so im looking at some leaps in AVGO, NVDA, META, or AMZN more now but im waiting for a bottom on QCOM
From what im seeing with a fib chart set up over the last year, it broke the 157 resistance and almost tested the 184. MACD is dropping and by the looks of it will catch the MA20,50, and maybe 100 around 162 where ill probably set up a nice long swing or leaps on it. Fundamentally just had a good earnings and has room to grow. Could be wrong but thats what im thinking