Today’s instrument is the Qualcomm Inc. stock traded on the Nasdaq exchange under the ticker QCOM.
Looking at QCOM’s chart, we can see that it is traded at around $126.90. Today it is announcing its quarterly earnings and if the market’s anticipation is positive, then we could see its price rising towards its resistance level at around $134 otherwise we should see it falling towards its support level at around $120.
(Click on image to enlarge)
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