QCOM has had quite a run, but this has been overdue for quite some time. It took longer than I expected, but it's finally flipping on multiple short term time frames. Qualcomm, from my observations moves in multiples of four time increments on this chart. Anything less than eight minutes is basically meaningless, unless you are day trading a run.
Essentially from top to bottom, green (the 20 MA), red (the 50 MA), and black (the 90 MA) is bullish. And the opposite for bearish. As you can see, QCOM hasn't broken the 90 this entire run, and only flirted with breaking the 50. Until today. It is fully flipped to bear (first time since the run began) on the eight minute, and the 12 minute. It's about to flip on the 16, and is also close on the 32.
The 12 seems to be most reliable for predicting multi day trends. But when it flips on higher time frames as well... I certainly would not invest against it.
Essentially from top to bottom, green (the 20 MA), red (the 50 MA), and black (the 90 MA) is bullish. And the opposite for bearish. As you can see, QCOM hasn't broken the 90 this entire run, and only flirted with breaking the 50. Until today. It is fully flipped to bear (first time since the run began) on the eight minute, and the 12 minute. It's about to flip on the 16, and is also close on the 32.
The 12 seems to be most reliable for predicting multi day trends. But when it flips on higher time frames as well... I certainly would not invest against it.
At emcs.store, we offer our services in custom Pinescript development for Tradingview.
We also provide access to a wide selection of proprietary trading tools we have developed as a subscription service, and we continue to innovate.
We also provide access to a wide selection of proprietary trading tools we have developed as a subscription service, and we continue to innovate.
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At emcs.store, we offer our services in custom Pinescript development for Tradingview.
We also provide access to a wide selection of proprietary trading tools we have developed as a subscription service, and we continue to innovate.
We also provide access to a wide selection of proprietary trading tools we have developed as a subscription service, and we continue to innovate.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.