Trading idea for QUALCOMM Incorporated (NASDAQ)

#QCOM

The overall trend is upward. The stock is trading in the 365 moving average range. The inclined channel of the descending pattern is broken. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions. The breakout of 133.40 will result in the formation of an ascending wave pattern.

Trading Idea:

Buy above 133.40.

Stop Loss: 123.00.

Target levels: 143.20; 166.00.