Price at 169.96 sits sandwiched between the 50-SMA (170.61) resistance and 200-SMA (167.85) support, with distance to the 200-day at only 1.26% — a tight compression zone. RSI at 54.63 is constructively above the midline without being extended, and MACD at -0.79 versus signal -2.59 shows a decisive bullish crossover with momentum improving from a negative base. The trade-quality score of 84.2 and profit-probability of 83.0 reinforce that the risk-reward geometry is favorable on a break higher, though the 50-SMA overhead remains the immediate gate.
Thursday Playbook — Top 5 Setups
The day's five highest-conviction setups, ranked by technical inflection, profit-probability, and trade quality — 5 long, 0 short. Trade your plan and manage risk first. Also screened: $VRT, $GLW, $HIMS, $AMZN, $AVGO, $CRCL.
5 of 5 plays
QCOM is coiling right at its 50-SMA (170.61) while holding just above the rising 200-SMA (167.85), setting up a classic inflection where a reclaim of the 50-day would confirm a trend handoff back to bulls.
EntryLook for a reclaim and 1H close above 170.61 (50-SMA) for trigger entry, or a pullback buy into the 168.00–167.85 (200-SMA) shelf for a lower-risk fill.
TargetsFirst target 174.50, prior swing area and measured move from the 50/200-SMA compression → Second target 178.00, extension objective if momentum expands with RSI pushing toward 65
StopDaily close below 166.50 invalidates the setup — it would break the 200-SMA support, negate the MACD improvement, and flip the structure back to distribution.
Educational only. Not financial advice.