Qualcomm Trading Analysis (21/05/2025)
The trend is downward. The upward wave structure has been truncated. There is bearish divergence on the Awesome Oscillator and an overbought condition on the Stochastic Oscillator.
Trade idea:
- Sell when the descending wave structure begins to form and wave A breaches the sloping channel of the ascending truncated structure.
- Stop-loss at 154.20.
- Price targets are 135.10 and 124.20.
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