Possible stop below C.
Target is D. As a rule, price will reverse at D.
There is a wide Channel Down top trendline that may get in the way of this pattern reaching full targets.
If it were to break this trendline by some chance, further targets would be 129.2 and 136.25.
Hard to even predict what will happen on Monday much less if or when this could reach that trendline )o:
Short interest is around 2.37%
No Recommendation.
The Auto-Fib tool on here helps to pinpoint this pattern. C will be at 0 or at the bottom of the fib table.
QCOM is also in an ABC Bullish pattern and C is 106.82. If I looked I imagine most semiconductor stocks are in this pattern right now.
Target is D. As a rule, price will reverse at D.
There is a wide Channel Down top trendline that may get in the way of this pattern reaching full targets.
If it were to break this trendline by some chance, further targets would be 129.2 and 136.25.
Hard to even predict what will happen on Monday much less if or when this could reach that trendline )o:
Short interest is around 2.37%
No Recommendation.
The Auto-Fib tool on here helps to pinpoint this pattern. C will be at 0 or at the bottom of the fib table.
QCOM is also in an ABC Bullish pattern and C is 106.82. If I looked I imagine most semiconductor stocks are in this pattern right now.
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Trendlines are in the way for many securities at this point.
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