A clean Ascending Triangle often precedes a big move. Validate your entry.
Bullish continuation pattern.
Technical analysis of Qualcomm (QCOM) reveals a significant setup. Currently at $226.11, the asset is showing upward momentum (6.17%). The primary technical feature is a Ascending Triangle formation. The trend indicator is reading 15.5/100, suggesting moderate momentum. A potential breakout level is identified at $258.96, targeting $330.98 with support near $190.1 (R:R 1.05).
What is your outlook on QCOM?