I’ve entered a second LONG position in 
QCOM after the first one was stopped out. See the chart for details. The price retraced back to the entry level yesterday, but now it seems like the bullish move could begin.
After breaking through the resistance area (marked by the red rectangle), I expect bullish momentum to increase. By then, the SMAs should be perfectly aligned.
I plan to hold this position for about two weeks, as the upcoming US election could cause market spikes in either direction.
Good trade!
QCOM after the first one was stopped out. See the chart for details. The price retraced back to the entry level yesterday, but now it seems like the bullish move could begin.After breaking through the resistance area (marked by the red rectangle), I expect bullish momentum to increase. By then, the SMAs should be perfectly aligned.
I plan to hold this position for about two weeks, as the upcoming US election could cause market spikes in either direction.
Good trade!
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