$QCOM just broke above a consolidation area it's been digesting for about 2 weeks. I started a 1/2 position at $82.05. My stop is going to be very tight at $79 since these types of breakouts are prone to failure. However, I like QCOM's story so I'm willing to take a chance here. This is a swing trade for me so I'll look to add on a push and 5% gain to a full position. After that I'll look to take 1/4 - 1/3 off at 10% gain, another at 20% and let the remainder run until there is a reason to sell. Ideas, not investing advice.
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5/12/2020 - Closed this trade on Friday due to it dropping below it's gap down open. Closing price $85.10 for a small gain. Will look for this to set-up again in the near future.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.