QCOM eyes on $164 going into earnings: Golden Genesis fib is key
QCOM pulled back sharply into a consolidation.
Currently dancing precariously on a major support.
Earnings report can launch it or trap bulls below.
$ 164.00 - 165.72 zone is Golden Genesis + Covid fibs
$ 149.25 - 152.16 zone is Golden Covid + Genesis fibs
Losing both zones would be very bad for bulls.
Road back to the top has only solo fibs for hurdles.
IMO the odds ar that it dips to lower support below.
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Currently dancing precariously on a major support.
Earnings report can launch it or trap bulls below.
$ 164.00 - 165.72 zone is Golden Genesis + Covid fibs
$ 149.25 - 152.16 zone is Golden Covid + Genesis fibs
Losing both zones would be very bad for bulls.
Road back to the top has only solo fibs for hurdles.
IMO the odds ar that it dips to lower support below.
===============================================
.
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