Hubert Senters here.
I had a question from a viewer what I think about Qualcomm. Qualcomm looks pretty good. It’s one of the biggest net gainers I believe on the S&P today so it looks good. You did clear this overhead resistance here but if you go back into the weekly chart you can see a little bit more of overhead resistance that’s kind of got clear.
It’s got to kind of clear all of this stuff right here. So it’s almost there. Hasn’t done it quite yet but if it can clear this area of $71-ish and then it could open up the floodgates and it could potentially try to go to $80 even and test this most recent high over here.
Overall, it looks pretty good but I don’t know that I would buy it right here. I would let it break out how I do this usually is this I would let this let me grab my pen. I would let it do all these bad boys right here. Let it break out through that. Pull back down to this. And then I would buy it in the resumption of that.
I just like those because I’ve just had a bad experience and you may have to any time you buy something instead of a one, two, three or four, double or triple or quadruple, top. It takes a while for him to get through it so I’m usually more risk averse which means I don’t like to take a lot of risk unless it’s calculating. I would let it make sure it’s definitely through that resistance area. And then I would buy it on a pullback that’s what I would do. Hope that helps.
Good luck. Hope it helps. And I’ll see you on the next video.
Hubert.
