QUALCOMM Incorporated (QCOM) stock continued to climb in its latest intraday trading, benefiting from dynamic support provided by trading above its previous 50-day SMA. The move was fueled by positive signals from RSI indicators, all within the context of a short-term corrective uptrend and trading along an upward sloping line supporting this path.

Therefore, we expect the stock to rise in its upcoming trading, targeting the key and near resistance level of 163.60 in preparation to test it.

Todays price forecast: Bullish