QUALCOMM ST : the downside prevails as long as 163.40 is resistance
The configuration is negative.
Our pivot point is at 163.40.
Our preference: the downside prevails as long as 163.40 is resistance
Alternative scenario: above 163.40, look for 171.30 and 176.00.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 166.81 and 164.05).
Supports and resistances:
176.00 **
171.30 *
163.40 **
160.30
154.46 USD - last
142.30
137.77 **
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