1.25 is still strong resistance and it will not be support until it closes above this level. 1 buck is where it's headed because that is where the next level of support is.
All roads lead down with the debt SD has and the price of oil going down. Did you see the sellers selling at 1.25? No brag just fact jack.
$1.50 is strong resistance, so watch the bottom fishing speculators who loaded at $1.25 support unload at this level.
Everything the govt. mandates whether it's lightbulbs or healthcare becomes an expensive disaster for the middle class. Govt. only transfers wealth from the poor, middle class and retiree to the rich. The $20 lightbulbs are a perfect example.
Everyone watching what happens at $1.5 support. If it breaks 1.50 it's going down. That's all you need to know. Sell resistance, buy support.
Those smart money speculative buyers who bought at support (1.25) a few days ago, unloaded at resistance (1.50) today. You could easily see the accumulation and distribution at those levels. It's headed back to support now (1.25). If it breaks, 1 buck is next level down. Sure acts like it's going there, but only S&R levels matter, not my opinion or yours.
Why? It's easily going to 36. The charts say so, not me. Look at the chart. Price, volume action and support and resistance levels say it's going to 36! No brag just fact.
By the end of this year, QCOM will tag $55.50. Just won't be any buyers now that major support has been busted. It will be all sellers all the way down to 55.50. Likely hit in 9/15.
It's going to 1.25 to test major support. If it holds, it holds, if not, it's going to 1 buck. That's where new speculative buyers will come in. Right now, it's in sell mode. Good luck speculators and always use a protective stop playing with this piece of dynamite.
Nope, it's turned red since it missed on revenue. They can cooked the books on everything else, but no cooking on revenue. Should decline for a few days at least.
2 was support, now it's resistance. The smart speculators will sell all the way down to support again. That is $1.50, 1.51 to be precise. So, place your bid no higher than 1.52. That's all you need to know people. Sell at resistance and buy support, with a tight stop to protect precious capital.