Qualcomm could breakout from an ascending triangle

QCOM hit resistance at 150 after an earnings gap up and is now forming an ascending triangle that should end soon as the rising lows force a new high. Buy point would be the top of the triangle or just past 150 to break that resistance. The 10d ATR (x2.7) asks for 11.24% stop and a position size of R8.9. An alternative is to use the low of the triangle as a stop loss.

Buy Point: 149.85
Stop Loss: 11.24% (133.01)
Position Size: R8.9

Alternative
Stop Loss: 7.55% (138.53)
Position Size: R13.24