$QCOM Qualcomm at 181.32, down 3.7% over 24h, with a high of 192.77 and a low of 180.49; trading volume was 25.3M.
This stock's price action is no surprise. The smartphone chip cycle has peaked and is turning down, while news of Apple's in-house modem is weighing on it—and its valuation isn't cheap. Since TradFi tokenization, $QCOM has been tracking U.S. stock market sentiment around the clock, seven days a week: during the day, it takes its cues from the Nasdaq; at night, from crypto market flows. It's quite a split personality.
Here are the key levels: 192.77 is resistance overhead—it hasn't managed to hold above that level over the past two days, and selling pressure kicks in around 190 on a rebound. 180.49 is today's low. If it breaks below that, the next level to watch is 175.
I'm personally leaning bearish. If it breaks below 180.49, I'd go short with the trend and place a stop above 185. The logic is clear. If you're looking to buy the dip, don't rush in—the MACD is still heading down, and catching a falling knife isn't worth it. With this setup in $QCOM , let's wait until it gets back above 190 before making a move.
#Semiconductors
This stock's price action is no surprise. The smartphone chip cycle has peaked and is turning down, while news of Apple's in-house modem is weighing on it—and its valuation isn't cheap. Since TradFi tokenization, $QCOM has been tracking U.S. stock market sentiment around the clock, seven days a week: during the day, it takes its cues from the Nasdaq; at night, from crypto market flows. It's quite a split personality.
Here are the key levels: 192.77 is resistance overhead—it hasn't managed to hold above that level over the past two days, and selling pressure kicks in around 190 on a rebound. 180.49 is today's low. If it breaks below that, the next level to watch is 175.
I'm personally leaning bearish. If it breaks below 180.49, I'd go short with the trend and place a stop above 185. The logic is clear. If you're looking to buy the dip, don't rush in—the MACD is still heading down, and catching a falling knife isn't worth it. With this setup in $QCOM , let's wait until it gets back above 190 before making a move.
#Semiconductors
