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$QCOM Update
$NVDA CEO Jensen Huang just dropped a massive fundamental catalyst, openly praising $QCOM's dominance in mobile hardware.
Despite the bullish sentiment, the daily chart took a heavy -7.85% hit, coming down to directly test the immediate previous HH support at 193.58.
I like the drop into this 193.58 defense line, and the flush perfectly reset the daily RSI down to a neutral 46.
However, that red daily candle has serious momentum.
If this immediate support cracks under pressure, the ultimate macro defense line is the heavy structural demand box between 165 and 180.
I am watching the reaction here at 193 closely before confirming the next move.