Qualcomm Incorporateds stock price (QCOM) rose in the intraday levels after attempting to gather positive momentum in recent trading, amid the dominance of the main upward trend in the short term, with positive support from the 50-day SMA, coupled with positive signals from the RSI after reaching oversold levels.

Therefore we expect more gains for the stock, targeting the resistance of $233.45, provided the resistance of $211.25 is reliably breached.

Trend Forecast: bullish