$QCOM & $ON - The Next Leg Up May Start With a Pullback
$Qualcomm(QCOM)$ and $ON Semiconductor(ON)$ are at different points in the same setup:
Strong momentum → short-term pullback → higher low → next leg higher
$QCOM is already up 40%+ since we posted the setup less than 60 days ago.
Now price is approaching $200, where I expect some short-term rejection.
That doesn't necessarily change the bigger trend. A pause around resistance could simply give the stock room to reset before another move higher.
⚡ Then there’s $ON.
It’s up 17% since my last upgrade, but I’m expecting a pullback into next week.
The key level to watch is the reaction after that pullback.
📈 If $ON forms a higher low, the next upside objective comes into focus:
🎯 $100 within the next 90 days
Different charts. Same playbook.
$QCOM → resistance → reset
$ON → pullback → higher low
The real opportunity may come after the pullback, not during the chase. 👀
Markets are always moving - and sometimes, the best move is knowing what works for you.
With Treasury yields, oil prices and rate expectations keeping markets on edge this week, investors are once again thinking carefully about where to position next. There’s no one-size-fits-all choice in investing — and the same goes for Tiger Merch. This month’s hot picks are in, featuring the Tiger Toiletry Bag, Universal Travel Adapter, Tiger Umbrella and more favourites chosen by fellow Tigers.
Explore the Monthly Hot Picks in Tiger Coin Mall, now 12% OFF for a limited time.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
