Articles tagged with QCOM
When Eight Is Enough
In most instances, price support is only as good as the number of times it's been tested. If a company pulls back and prints a low, then retests that low a couple weeks later, we consider it price support, but many times I'll look for other corroborating technical evidence before placing a buy order. I feel much better, however, about price support if it's been tested multiple times. With that in mind, let's look at the 2-year daily chart of QUALCOMM Inc. (QCOM):...keep reading