$QCOM - At critical support

I posted on August 27 that Qualcomm might be forming a head and shoulders pattern. Look at it now. The right shoulder looks complete. It is currently sitting on critical neckline support.

Remember, a head and shoulders pattern only validates if the price breaks below the neckline with multiple trading sessions closing below it.

So, the pattern's validity still remains to be seen.

As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.

PaperBozz

I am not a licensed professional. None of the posts that I published are investment advice. Do your own research.

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