Qualcomm inc. (QCOM) is balanced and testing the upper extreme on the daily perspective. The market trades above the major HTF EMAs. Looking for bullish activity at the lower balance extreme and swing low for now
Macro perspective is trending higher on the Quarterly and Monthly periodicity. However, the previous week closed as an inside week. The market testing the higher area for sellers. Could establish an inside week break higher to have a bullish sign. Second scenario would be absorption around the current highs to close with an inside week failure. In this case we would wait for a retest of the mentioned daily lower balance extreme for bullish activity and patterns.
Here we go with the current visual Quarterly balance sheet chart for QCOM:
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