Price sits only 1.16% above the 200-SMA, but a wide gap remains to the 50-SMA at 203.90, confirming an intermediate downtrend now probing longer-term support. RSI at 39.07 is sub-50 but not oversold, leaving room for upside without signaling capitulation. MACD at -8.34 versus signal -7.84 shows momentum still rolling slightly negative, so any long thesis hinges on the 200-SMA holding and MACD curling back toward its signal line.
Thursday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 3 long, 2 short. Trade your plan and manage risk first. Also screened: $ALGN, $META, $ETOR, $HPQ, $AVGO, $RDDT.
5 of 5 plays
QCOM is coiling just above its 200-SMA (169.15) with price at 171.11, marking a classic mean-reversion inflection where a Semiconductor long can be tested against a well-defined line in the sand. With trade-quality scoring 89.8 and technical-inflection at 65.8, the setup earns attention despite mixed momentum.
EntryStagger entries in the 169.50-172.00 zone on a hold of the 200-SMA (169.15); add-on trigger on a reclaim above 175 with MACD crossing its signal.
TargetsFirst target 185.00 — reversion toward the mid-gap area between current price and the 50-SMA → Second target 203.00 — retest of the 50-SMA (203.90) and prior supply
StopDaily close below 165.50 invalidates the setup, signaling the 200-SMA has failed as support and opening a trend continuation lower toward prior demand.
Educational only. Not financial advice.