Qualcomm Inc (QCOM): Caution adviced.

Qualcomm's chart is an intersting one. Shown above is a 3yr chart. While considering a shorter time frame (say 1yr chart), it appears attractive. It seems to have cleared the 50 and 200 DMA with increasing volume. There was a follow through day as well on strong volume. While making investing decision, I always check at a longer term view as well. Expanding the view to a 3yr timeframe, it appears to be forming a Head and Shoulder pattern. The shorter term consolidation has not broken out either way...it is still continuing to consolidate.

I am totally not impressed with the OBV. Caution adviced.