Rise Retraced

10 сент.

The rise from about 151 has been retraced by 78 %. And as the rise to 230 has been corrected at the end of July as well a continuation of the uptrend may be realistic.

16 сент.

Сделка закрыта: достигнута тейк-профит цена

It is not my initial target that has been reached but the week opening today indicates that there may be no immediate rise ahead. Thus I am taking the profit here and will analyse the stock again.

17 сент.

Сделка активна

As long as the stock does not build lower lows but higher highs I prefer to stay long.

19 сент.

Сделка закрыта: достигнута тейк-профит цена

I am taking another profit from this fine stock now.

19 сент.

Сделка активна

There is a minor resistance, i.e. the mid August high. The position can be reduced here a bit. But I am still long Qualcomm.

19 сент.

Сделка закрыта: достигнута тейк-профит цена

I am taking all the fine profit now. This resistance is proving stronger than I had expected.
Ahead of the weekend I am taking some risk out of my portfolio.
I still consider Qualcomm a buy and will revert to this next week.