Don't Ignore This Chart!

Qualcomm - A 5G Entrant Starts To Move


There were a few 5G names pushing higher today, including one of the expected big winners in the 5G space. Qualcomm (QCOM) looks all set up to run higher here with a nice breakout to new 5-month highs. The stock has been outperforming the S&P 500, shown on the purple area chart.

These new-tech stocks can make big moves over time. I have set up a chartlist of 5G names so I can keep checking in on what is working. QCOM and QRVO both look great. Don't forget to catch the ChartWatchers articles this weekend; there is always a nice sample of stories there from a wide variety of technical views.

Good trading,
Greg Schnell, CMT, MFTA
Senior Technical Analyst,
Author, Stock Charts For Dummies

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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at specializing in intermarket and commodities analysis. He is also the co-author of Stock Charts For Dummies (Wiley, 2018). Based in Calgary, Greg is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the CMT Association and the International Federation of Technical Analysts (IFTA). Learn More
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