eb8

QCOM is coming back to reality

Short
eb8 Updated   
NASDAQ:QCOM   QUALCOMM Incorporated
I was looking at this on much shorter time frames, and thought I would zoom out to see if longer term agreed. Here comes gravity.
Comment:
www.tradingview.com/chart/k33zTg47/

This is counter trend, as 71% of options are currently on calls, but if you look at it, it's ridiculous. It's so overbought, it's not even funny.
Comment:
@ Tomorrow, hello gravity, here comes reality.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.