In two amazing trading days this week Qualcom (QCOM) rose 45%, incredible for a large cap stock.
Also incredible is that QCOM appears to have completed a nineteen year Elliott Wave - Horizontal Triangle probably one of the largest examples ever.
Usually after a Horizontal Triangle there is a powerful thrust which can be measured by the widest part of triangle. The widest part of the QCOM triangle (100.00 - 11.61 = 88.39).
88.39 x .618 = 54.62 added to the termination point of the triangle at 49.10 targets QCOM 103.72 very close to the all-time high of 100.00.
Mark
Also incredible is that QCOM appears to have completed a nineteen year Elliott Wave - Horizontal Triangle probably one of the largest examples ever.
Usually after a Horizontal Triangle there is a powerful thrust which can be measured by the widest part of triangle. The widest part of the QCOM triangle (100.00 - 11.61 = 88.39).
88.39 x .618 = 54.62 added to the termination point of the triangle at 49.10 targets QCOM 103.72 very close to the all-time high of 100.00.
Mark
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.