Short-Sale Set Up - Qualcomm (QCOM) Follow-Up 2/7/22
| Published: | 7 Feb 2022 15:54 ET |
Qualcomm (QCOM) has been up and down slightly all day with the market, but has remained below the 50-day line. It is now trading below the 20-day exponential moving average (green) as we enter the final minutes of the trading day. This would constitute a secondary short-sale entry trigger point using the 20-dema as a covering guide for that portion of a position assuming one is already short on the initial break below the 50-day line earlier. We are targeting the prior low as one potential downside profit objective, but one can set their own percentage gain requirement if they choose to do so while using the 20-dema or 50-dma as maximum trailing stops.
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