3 best Daily Charts: $QCOM, $META and $GOOG
Earnings catalysts, oversold conditions, and key moving averages are setting up three different technical scenarios.
Here's what I'm watching on each chart.
🔹 $Qualcomm(QCOM)$
$QCOM is building a base between $170 and $180 ahead of its Nov. 4 earnings report. Reclaiming the rising 50DMA would strengthen the case for a breakout.
🔹 $Meta Platforms, Inc.(META)$
A relief bounce looks increasingly likely. The recent break below the lower Bollinger Band has set up similar rebounds in the past, making a technical recovery worth watching.
🔹 $Alphabet(GOOG)$
Down 21% from its peak, $GOOG is looking oversold. Its P/E ratio has returned to 2022 lows, while revenue and EBITDA continue to grow.
The big question: Will rising capital expenditures per share keep weighing on the stock, even as the underlying business expands?
Markets are always moving - and sometimes, the best move is knowing what works for you.
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- AuntieAaA·36 minutes agoGood ⭐⭐⭐LikeReport