QUALCOMM (QCOM) consolidates within the yellow gap. Should it break down the bottom of the gap, the next stop is likely to be the orange horizontal line at around $121. On the other hand, it needs to recover MA50 and MA200 to confirm the end of the correction.
Also, less than 100 stocks failed MA200, including F, KLAC and NSC. Click the link below to view them:
360miq.com/screener?market=NYSE%20%2B%20NASDAQ&ma200=Close%20cross-under%20MA200
360miq.com/stockinfo?code=QCOM
