BREAKOUT
- Breaking out of 3-year base (purple box)
- It may or may not retest the breakout level (red arrow) similar to late 2011
- This is long-term bullish signal
- 3 to 5 years primary-term bullish run is expected
Monthly chart 2000 – present
OVERBOUGHT
- This is a short to mid term bearish signal
- Indicator insinuating (see red arrows) potential pullback
- IF it pulls back to 67 – 70 level, it might be a good level to buy that dip
Weekly chart 2009 – present
DISCLOSURE: I’ve been accumulating QCOM shares since the mid-2017 at 55-57ish
*Below chart was screened on 5/11/2018 while I was buying the dip when QCOM was trading at 55.46
Weekly chart 2009 – May 11, 2018
