QCOM (Qualcomm Inc) has rallied today & is currently challenging the top of this blue bullish falling wedge pattern / downtrend line. Note that the positive divergences that were highlighted as potential when the long entry was posted have now been confirmed via a bullish crossover on the PPO (thereby putting a higher low in place), as was discussed in the last update when the suggested stop was clipped on April 28th. As mentioned in that post, QCOM was posted as both a pure-play long swing trade as well as a hedge to a short position on the semiconductor sector. I mentioned extending my stops at the time & believe that some other members are still long QCOM & as such, I will continue to post any significant technical developments on the stock. The next buy signal will come on an impulsive breakout above the wedge pattern. Previous & updated daily charts above.