QCOM May 2, 2024: A New High

A new 52-week high after earnings, while the overall market is still in correction, and the main indices NDX , SPX are all still below their own MA-20, MA-50

This is a classical buy point for trend-following traders.

With the stop loss below the low of the current session.

İşlem elle kapatılmış:

I decided to close the trade here at $202 to reduce my exposure to chip into NVDA earnings