We hold QCOM Calls, and here is the feedback for QCOM.

This morning, QCOM experienced a pullback, a temporary decline in its price after a recent upward movement. Such pullbacks are ordinary in the market and often occur when traders take profits or during minor corrections.

Now, QCOM is showing signs of a potential reversal to the upside, meaning its price is starting to rise again after the dip. This upward movement suggests that QCOM might be resuming its previous upward trend.

A critical level to watch in this scenario is $200.85. This price point serves as a resistance level for QCOM. If the stock can break above $200.85, it would provide more substantial evidence that the reversal is genuine and that QCOM is likely to continue its upward trajectory.

In summary, after QCOM's temporary dip this morning, it is now rising. Monitoring whether QCOM can surpass the $200.85 mark will be crucial in confirming the strength and continuation of this upward reversal.

Trade Genie is not an investment advisor or broker. Trading involves substantial risk, and past performance does not guarantee future results. All communications and trades are provided for educational purposes only.

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