Qualcomm Shares Rise on Amazon Deal
📊 AMZN — Piyasa Yorumu
▲ up · 60%The news of the agreement with Qualcomm could be perceived as a positive development for Amazon and may provide short-term support to the stock. However, technical indicators paint a mixed picture: RSI is neutral at 48, MACD is negative but close to its signal line, and the price is slightly below the 20- and 50-day moving averages. This suggests that any upside may be limited. A small positive move can be expected on the back of the news, but a strong rally is unlikely given the current technical weakness. Overall, I foresee a short-term upward bias, but caution is advised.
📊 QCOM — Piyasa Yorumu
▲ up · 65%Qualcomm shares gained 6.2% on news of the Amazon deal, and this strong momentum could persist in the short term. Although the RSI at 69.6 is approaching overbought territory, the MACD is above its signal line and showing a positive outlook. The price is trading above the 20-day and 50-day moving averages, supporting the uptrend. However, due to overbought conditions, some profit-taking may occur in the near term, so caution is advised. Overall, the news flow and technical indicators support an upward expectation in the short term.