Price is pinned inside a narrow 4.5-point band defined by the 200-SMA floor at 167.92 and the 50-SMA ceiling at 172.40, making this a classic mean-reversion decision zone. The MACD bullish cross beneath the zero line, paired with RSI reclaiming the mid-50s, points to improving momentum but not yet a confirmed trend. The fact that the 50-SMA remains above the 200-SMA preserves the broader uptrend structure, while the shallow 1.53% cushion to the 200-SMA leaves little room for error on the downside. A decisive close through 172.40 would flip the near-term posture from range-bound to breakout.
Monday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 4 long, 0 short. Trade your plan and manage risk first. Also screened: $GLW, $SOXL, $GOOGL, $VRT, $COST, $FIG.
5 of 5 plays
QCOM is coiling between its 50-SMA (172.40) resistance and 200-SMA (167.92) support, with price at 170.48 sitting just 1.53% above the long-term trend line. The setup qualifies as an inflection because MACD (-1.71 vs signal -3.46) has crossed higher while RSI at 55.78 shows momentum rebuilding without being overbought.
EntryPreferred accumulation zone 168.50-170.50 on a pullback that holds the 200-SMA; alternatively, a breakout trigger on a close above 172.40 (the 50-SMA) to confirm momentum takeover.
TargetsFirst target 175.50, reclaiming prior swing area above the 50-SMA → Second target 180.00, a round-number extension roughly 7% above the 200-SMA
StopInvalidation on a daily close below 166.50, which would break the 200-SMA support at 167.92 and negate the long thesis by signaling a trend regime shift.
Educational only. Not financial advice.