Qualcomm Trading Analysis (05/12/2024)

The trend is down. The upward truncated wave structure finished with the breach of the sloping channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Trade idea:

• Buy on the breach of 162.36.
• Stop-loss at 164.75.
• Target prices at 159.60 and 154.50.

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