QcomQUALCOMM IncorporatedBATS:QCOMContraryTraderWatching this here Possible symmetrical triangle Daily chart. Fallen channel on the 1hour breakout Double Hammer off 50ma and Fib support Also Qualcomm is suing Arm, accusing it of breaking licensing agreements, withholding important technology, and unfairly increasing fees. Qualcomm also claims Arm interfered with a major chip deal involving Meta, costing the company millions of dollars. If Qualcomm wins, it could potentially avoid paying Arm billions in licensing fees over the next five years, although that would require a separate court decision. A favorable outcome could be a major financial boost for Qualcomm, but the verdict and any financial relief remain uncertain. So you have technical analysis + Potential catalyst this week. Support or stop out Weekly 50ma and daily 200ma = 169 Upside or resistance First target weekly/daily 20ma at 185 Over that an 190 comes . Best entry 171-173 if they give it .