QCOM Struggles Below Key Moving Averages at $161.39
Qualcomm Inc (QCOM) closed down 1.92% at $161.39 on January 16.
The technical setup looks bearish:
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $163.04.
Traders are watching $163.04 on the downside and $184.01 on the upside.