Qualcomm $QCOM has been falling sharply in 2018 after finding resistance around $69. The market looks sideways in the daily chart, which means, we should anticipate support as price pushes towards the previous support around $50. QCOM Daily Chart(click to enlarge)Support:- As we said, the support around $50 should be heeded because the market is sideways (and not bearish). - Furthermore, it looks like there is a bullish divergence forming, which tells us the bearish momentum since February has subsided, which will build confidence for bulls to buy.- I wouldn't be surprised if price found support around $52.- The weekly chart shows that price will see a triangle support around $52. - But if general market sentiment is bearish, we can see $50 or even a little lower within the context of a sideways market, which would be due for a rally within the triangle seen on the weekly chart.Bearish Scenario:- However, if price stays to hold under $50, we will have to anticipate further downside towards the $42.50 low from 2016. QCOM Weekly Chart(click to enlarge)