Well, it's finally happening...
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, we offer our services to develop your own custom Strategies and Indicators.
Additionally we provide access to a wide selection of proprietary trading tools we have developed as a subscription service, and we continue to innovate.
Additionally we provide access to a wide selection of proprietary trading tools we have developed as a subscription service, and we continue to innovate.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.