Federman19

QCOM Bullish Swing?

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NASDAQ:QCOM   QUALCOMM Incorporated
** I won't be taking this trade ** It's coming down to a very strong longer term support. This is a super aggressive setup. With earnings very near, it's one I would look to exit before. The distance from the EMA's suggests sideways movement if it doesn't in fact bounce off the support. The stop is too tight to take the risk. Honestly, this could possibly be a day trade setup in the next day or two.
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