Analysts converge on Hold for QCOM given negative magnitude asymmetry (5-7% upside vs 12-27% downside) despite positive probability tilt from macro supports, $11B annual buyback, and elite quality metrics (ROE 33.75%, PEG 0.67, PE 16.3x). The volume-confirmed 200 SMA reclaim at $167.86 on 8.66M shares was unconvincing—below the 13-24M prior range—and the close being just $0.03 above the line lacks margin of safety. Disciplined framework requires holding existing position without adding into unconfirmed pivot, not exiting on ambiguous tape, and executing defined triggers for entry, exit, trim, and hard floor at $160/$146.