QUALCOMM ST : the upside prevails as long as 157.41 is support

Our pivot point is at 157.41.

Our preference: the upside prevails as long as 157.41 is support

Alternative scenario: below 157.41, expect 152.22 and 149.12.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 159.14 and 156.52). Finally, the QUALCOMM is trading above its upper Bollinger band (standing at 163.95).

Supports and resistances:

180.81 **

177.65 *

174.49 **

171.32

164.14 USD - last

159.46

157.41 **