QCOM surged 5.3 points, funding went straight to zero, and the shorts probably got wrecked last night. This upward move is purely driven by capital; OI hasn't really changed, which indicates a short squeeze from covering.
I've seen this zero funding structure many times, usually signaling a temporary balance between bulls and bears. But the price shot up too quickly and needs to digest; if the momentum traders can't keep up, a pullback is likely.
Trump's trade policies are bullish for tech stocks, but specifics are all guesswork, and market expectations will be volatile. The 210 level is crucial; I’ll take a light long position and set a stop-loss below 208.
Trading tag: #TradFi #链上美股 #QCOM #NVDA
How should traders handling QCOM respond to this headline?
I've seen this zero funding structure many times, usually signaling a temporary balance between bulls and bears. But the price shot up too quickly and needs to digest; if the momentum traders can't keep up, a pullback is likely.
Trump's trade policies are bullish for tech stocks, but specifics are all guesswork, and market expectations will be volatile. The 210 level is crucial; I’ll take a light long position and set a stop-loss below 208.
Trading tag: #TradFi #链上美股 #QCOM #NVDA
How should traders handling QCOM respond to this headline?