QCOM is potentially bearish due to an approaching death cross; breaking the 200 SMA and key support levels would confirm downside risk.
Jump to any passage
And finally, the third stock is Qualcomm, QCOM. All right, plan C is Qualcomm and you know I had to mix it up and throw in a death cross for you. So it's not as close as the other two were.
Literally SMCI Duolingo literally right there creating that. I'm not fully crossing though. This is a little ways away.
So should Qualcomm come down, test this 200 SMA and actually break it. And basically what that would take is a couple more down days. That would be potentially bearish. So let's say it doesn't end up doing that.
We're a couple levels of support. First off, clear level of support gap filled down here on 151 would be a move approximately 6% lower. Should it continue to flush though, I'm watching a pivot from that same exact day and an additional gap fill here all the way from April.
So you have three clear levels of support here on Qualcomm. Now the the lower you go, the more difficult it may be to, you know, ultimately end up breaking those levels. But should they break, look out below. Qualcomm potential death cross, bearish.
Watchpoints
What this channel has said about $QCOM
Verified Investing has only this one call on this stock.