The tape is neutral-to-constructive: RSI at 53.08 shows balanced momentum with room to expand upward, while MACD at -0.17 versus signal -1.76 marks a decisive bullish crossover from oversold conditions. The 200-SMA (167.83) is now acting as reclaimed support, and the 50-SMA (169.31) is the immediate ceiling that must flip to green-light continuation. With technical-inflection at 67.3 and trade-quality at 84.6, the risk/reward geometry is tight and favorable, but confirmation is still required above the 50-SMA.
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: $IBIT, $GLD, $AMZN, $META, $SPY, $SOXL.
5 of 5 plays
QCOM is coiling directly at the intersection of its 50-SMA (169.31) and 200-SMA (167.83), with price at 168.74 sitting just 0.54% above long-term trend — a classic decision zone where a small break resolves a large range.
EntryTrigger long on a reclaim and hold above the 50-SMA at 169.31; preferred accumulation zone 168.00–169.30, with add-on above 170.00 on momentum confirmation.
TargetsFirst target 174.50 (prior swing supply and measured move from the SMA compression) → Second target 179.00–180.00 (extended objective on momentum expansion)
StopInvalidation on a daily close below 167.00 — this would forfeit the 200-SMA (167.83) and negate the MACD-driven bullish inflection, flipping structure back to distribution.
Educational only. Not financial advice.