QUALCOMM Incorporated
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Struggling at a Critical Support Level.

116
I turned the support level blue versus green as it has been compromised a few times.
There is a weaker support level forming below it.

There is also what appears to be a descending triangle as the top trendline slopes down and the bottom one is flat. This pattern is neutral until a trendline is broken with a Confirmed trend in that direction.

I like this stock, but I have to admit, it is looking a bit iffy right now.

No recommendation.
Neutral until a trend is in place.
Nota
This support level is at the 50% retracement level of the trend up.

Penafian

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