QUALCOMM climbs 9% to reach multi-month high
Qualcomm rose 9%, recording its highest level in multiple months.
With the current price of $194.23 breaking upward through the 20-day high resistance line of $192.12 to record a multi-month high, we considered entering a buy position, given the high trading volume reaching 4.64x and a strong bullish alignment with an RSI of 63.2.
Based on the current price of $194.23, as it has broken upward through the 20-day high resistance line of $192.12, showing bullish strength, take profit at the $192.12 profit-taking target and cut losses if the support line at $155.38 is broken.
At the entry point, the technical indicators show an RSI (14) of 63.2, placing it in a bullish zone. The moving averages are in a bullish alignment (short-term above long-term), volume is 4.64 times the 20-day average, and the 7-day volatility (rate of change) stands at +0.7%.
In past historical records, it showed price reactions of +0.4% on 2026-09-29, -7.2% on 2026-09-27, -7.2% on 2026-09-26, +4.0% on 2026-09-24, and +2.4% on 2026-09-23.
At the time of entry, the stock price of $194.23 had broken upward above the 20-day high resistance level of $192.12, reaching multiple multi-month highs, while forming a strong bullish alignment with high trading volume reaching 4.64 times the 20-day average and an RSI of 63.2. Based on these technical indicators and the positive news headline "QUALCOMM climbs 9% to reach multi-month high," we set a take-profit target of $192.12 and a stop-loss at $155.38, expecting a projected return of 3.5%; however, the actual result ended in a -10.2% FAILED trade (reaching the stop-loss level). We expected the upward momentum to continue in the breakout phase accompanied by strong volume, but we failed to recognize that the price would ultimately fail to defend against downward pressure following the upward breakout and hit the stop-loss level.
I will take away the lesson from this trade where, despite strong bullish signals such as breaking above the 20-day high resistance line and a high trading volume of 4.64 times the average, it actually reversed into a decline. In future similar high-breakout phases, even in the event of a volume surge and a strong RSI zone, I will keep in mind the increased volatility due to short-term overheating, and strictly apply stop-loss management and phased-response principles to control risk.