Enter long in Qualcomm

27 Eyl

I've entered a long position in QCOM. Charts looks bullish. The factors for this decision were the following:

1. Price is above all SMAs (30, 50, 200)
   
2. In the next days we should see a bullish cross of the 30 and 50 SMA
   
3. The current low was made on the 5th of August, the next low on the 6th of September was significantly higher
   
4. We have tested the resistance cluster [red] several times - the more it's tested the less likely it's being respected.
   
5. Have you heard the rumours about the takeover of Intel? Me too, but I trade the chart not the news. ;)
   

So, let's see how this plays out.