#QCOM #short #stock

QCOM has formed a small double top on the daily chart. Throwback has already completed. Play this as a short term play. Maybe play the the march thru may options. That being said, do not stay short in this stock for a long time. There is a large W formation on the weekly chart. On the monthly chart there is a strong rising trend line with recent declining trend line creating a wedge formation. QCOM's price action is compressing. Price compression can generate strong swings in either direction.

Daily


Weekly


Monthly