I have no way of telling which way the Qualcomm (QCOM) earnings will eventually go.
But if I was long on this stock right now, I would be shedding every share that I owned. This stock has a huge, and by huge I actually mean ginormous distribution pattern, followed by a perfect overhead price resistance level that is causing all sorts of problems for this stock before it reports after the bell today.
So get out of this stock and rest peacefully after the market closes.
Here’s the QCOM trade setup:
Welcome to Swing Trading the Stock Market Podcast!
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Commit these three rules to memory and to your trading:
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In this podcast episode, Ryan Mallory talks about one of the biggest struggles for traders is finding consistency in swing-trading.
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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