QCOM is an active short trade that was originally posted with one of two possibilities: a bounce off the re-test of the recent break-out to new highs OR a swing short entry if prices broke back below that key support level.  prices did clear break below that level and quickly hit the first target.  QCOM now looks to me like a text-book short entry as prices have bounced back to that former support, now resistance level (daily chart).  plus, looking at the weekly chart, we have a re-test of that recently broken bullish rising wedge that broke down with solid negative divergences in place.  original daily chart, updated daily, original weekly, updated weekly chart.