QCOM - Can This Support Keep the Bulls in Control?QUALCOMM IncorporatedBATS:QCOMRayannsrQCOM (Qualcomm Incorporated) is a leading semiconductor company known for its wireless communication and mobile technologies. The company develops chips and connectivity solutions used across smartphones, automotive, IoT, and other connected devices. From a technical perspective, QCOM remains bullish and continues to trade inside the red ascending channel. After the recent pullback, price is now approaching the blue support and demand area, which also lines up with the lower boundary of the channel, creating an interesting confluence zone to monitor. ⭕As the price approaches this area it could provide an opportunity for trend-following buy setups on lower timeframes if buyers manage to defend the support. ⭕If the support fails to hold and price breaks below the lower boundary of the channel, it would provide an important indication that the current bullish structure is weakening and that sellers are gaining strength. The reaction around this support could determine whether the current pullback turns into another buying opportunity or develops into a deeper move lower. ⚠️Disclaimer: This analysis reflects my personal market view and is not financial advice. Rayan Nasser #QCOM #Qualcomm #Stocks #TechnicalAnalysis #PriceAction #Trading #MarketStructure #SupportAndResistance