Qualcomm Stock Could Extend Gains

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Let us take a look at the Qualcomm (NASDAQ:) weekly chart.

We will see its gradual climb from the $131 assist stage to the $133.7, the place it had a quick retraction to the $132.6 the place it fashioned new assist, after which continued to succeed in the excessive of $135.5, consolidating alongside the way in which.

The inventory traded at $135.2 with $135.5 overhead resistance and assist ranges of $134 and $133.7.

At the moment we might anticipate a sample continuation and one other transfer above the $135.5 stage.

If, nonetheless, it would not handle to carry the present stage, then a transfer in direction of and under the $134 could possibly be potential.

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