Resistance

<ul class="list-ic vertical">
 <li><span>1</span> <a>Qualcomm Inc. QCOM stock is trying to sustain above $110 mark as it breaks out of an interesting pattern.</a></li>
 <li><span>2</span> <a>QCOM shares are trying to sustain at 20, 50 and 100-days DMAs to reach the 200-days daily moving average.</a></li>
 <li><span>3</span> <a>Qualcomm Inc. (NASDAQ: QCOM) declined through an interesting declining pattern since August 2023.</a></li>
</ul>
<p>QCOM stock price is trying to remain above the $110 mark to surge towards the $125 mark over the daily time frame chart. QCOM shares have been falling through a descending parallel channel since August 2023 and broke out of the channel on October 17th. Now buyers need to accumulate at a high rate in order to push Qualcomm stock price upwards.</p>
<p>Meanwhile, analysts believe that QCOM share price may reach the $125 mark if it sustains above the $110 support. However, sellers are still present in the trade to pull Qualcomm stock downwards. QCOM share price must accumulate buyers in order to register its recovery phase.</p>
<p>QCOM stock price was at 111.28 and gained around 0.27% of its market capitalization during Thursday’s trading session. Trading volume was above average under the influence of sellers. Qualcomm stock needs to attract buyers during Friday’s trading session to close the week positively and sustain above the $110 support.&nbsp;</p>
<h2 class="wp-block-heading" id="strong-qcom-stock-roadmap-to-125-strong"><strong>QCOM Stock Roadmap to $125</strong>&nbsp;</h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/mu5zIU0F_gt3aPfJtgRKSG7FR0SXLsHuEvTiYaiVYnmL2IQS1bW6Al6g_w_BU8mDE2rWlZARhzUzCaS1bbEyVtJUXI7GQhomizND8401kbzZMa3cSvUdGmPMxkTH7fR7ZSS2onBWcaPij-zSMv5cKpg" alt="Qualcomm Inc. (QCOM): Will QCOM Stock Sustain Above $110 Mark?">
  <figcaption class="wp-element-caption">
   Source: NASDAQ: QCOM by <a href="https://www.tradingview.com/x/OOJpduCB/" rel="noopener noreferrer nofollow">TradingView</a>
  </figcaption>
 </figure>
</div>
<p>QCOM stock price has been trying to break out from the declining parallel channel since August but managed to register its breakout in October. Now, buyers need to accumulate at a higher rate in order to push Qualcomm share upwards. However, volume change is under the sellers’ influence which signifies the slippage of QCOM on Thursday. Meanwhile, QCOM shares are trying to sustain at 20, 50 and 100-days DMAs to reach the 200-days daily moving average.</p>
<p>Qualcomm stock price needs to break out of certain resistance levels to surge towards the $125 mark. At first, QCOM shares must break out of the $115.25 resistance to surge towards the $120 mark and continue its recovery to the $125 level.</p>
<p>QCOM stock lost 0.63% in a week and 0.82% in a month. Moreover, the Qualcomm share price slipped by 8.73% in the last three months and 5.59% in the last six months. However, Qualcomm slipped slightly by 0.06% year to date.</p>
<p>Technical indicators suggest the sustainability issues of QCOM shares. Relative strength index (RSI) shows the sustainability of QCOM above $110 mark. RSI was at 50 and is waiting to leave neutrality towards the overbought zone. Investors in Qualcomm Inc. (NASDAQ: QCOM) needs to wait for any directional change over the daily time frame chart.</p>
<h4 class="wp-block-heading"><strong>Summary</strong>&nbsp;&nbsp;&nbsp;&nbsp;</h4>
<p>QCOM stock price is trying to remain above the $110 mark to surge towards the $125 mark over the daily time frame chart. However, sellers are still present in the trade to pull <a href="https://www.thecoinrepublic.com/2023/10/09/qualcomm-inc-qcom-stock-declining-through-an-interesting-pattern/" rel="noopener noreferrer nofollow">Qualcomm stock</a> downwards. Now, buyers need to accumulate at a higher rate in order to push Qualcomm share upwards. Moreover, the Qualcomm share price slipped by 8.73% in the last three months and 5.59% in the last six months. Technical indicators highlight the sustainability issues of QCOM shares.&nbsp;</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $110.65 and $110.20</p>
<p>Resistance Levels: $115.25 and $118.30</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.&nbsp;</p>

Qualcomm Inc. (QCOM): Will QCOM Stock Sustain Above $110 Mark?

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