Qualcomms stock price (QCOM) fell in the intraday levels amid the dominance of the main upward trend alongside the trend line, with negative signals from the RSI after reaching oversold levels.

Therefore we expect the stock to return higher and target the pivotal resistance of $177.59 anew, provided the support of $163.63 holds on.

Expected trading range: between the support of $163.63 and the resistance of $177.59.

Trend forecast: Likely Bullish