Jul 19, 2012

Qualcomm approaching reversal point (updated)



In post published three months ago named Qualcomm in seasonal share price pattern I have pointed out the repeating seasonal pattern in this stock. Since then the share fell from $62 at the end of April to the bottom of $52.9 in mid July. Probably the correction has not finished yet however there are signs that we are approaching the end of summer bear market for the stock as second half of the year
 
Qualcomm close to turning point
Qualcomm close to turning point
More on seasonal trading: Google Seasonal Trading
Follow CapitalHubs real time QCOM chart at TradingView


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