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Sunday Prep 9/19 - $QCOM First Real Pullback to Attractive Price

Long
NASDAQ:QCOM   QUALCOMM Incorporated
This swing idea was posted back when the stock triggered in mid-July. This is the first real pullback to get attractive prices on the longer-term swing setup. But it also may provide a great day trade if we can flush lower emotionally this week.

Will be looking for an emotional flush down towards the 130 area for the first shot at scooping some for a day trade. Quarterly pivot is just below at 129.31. If these levels can’t hold, I have no problem cutting it and looking for re-entries down around 126.