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QCOM

QCOM...Critical level approachingQCOM is a company I respect dearly, but as traders we must be able to emotionally detach ourselves if necessary. Tomorrow is an earnings announcement for the chip producer and will provide a clearer picture of where the current price level may go. The $50 zone is critical and a brake below $48 dollars can spell trouble for bulls. The $45 zone is the last hope before complete capitulation. Should we see an upswing, I suspect resistance @ the $54 zone. Personally, I see an upswing very unlikely from a technical perspective. QCOM has been battered on the fundamental front, including a contested buyout by Broadcom, which was ultimately denied by Trump, an FTC lawsuit challenging its patent based business model, and a bitter dispute with Apple, which left Apple seeking Intel as a chip supplier. The FTC lawsuit wrapped up earlier today, and the final result will be the driving force behind future price action. In summary, the future doesn't look bright technically or fundamentally for the company.
NASDAQ:QCOMShort
by en1gm9t-c
QCOM Earnings: Test of 2-year ResistanceQCOM looks like it wants to test it's 2 year support at the $50 mark. Secondary support is somewhere around $43. QCOM is coming off of a finished head and shoulders pattern, making its D leg downward. Typically a D leg is finished by a sharp reversal. In case of negative earnings, QCOM will likely drop well below the $50 support and have a sharp reversal upward. If earnings are positive, QCOM will likely bounce off the $50 support and make a less drastic reversal upward. Fisher transform also indicates the potential for an upward reversal. With QCOM's extreme debt levels, the FED put will serve them well going forward.
NASDAQ:QCOM
by Derivati_Capital
1
QCOM - Bullish-neutral Iron CondorYear-long cyclical pattern, within a wide parallel ascending channel (not shown to prevent clutter) is the current predominant price action, showing clear supply and demand zones. Expecting price to finish upswing or remain neutral at least until close to or at the next earnings season. 50/52.5/65/67.5 JAN19 IRON CONDOR @ 0.66 CREDIT General plan: Roll if necessary & if possible mainly to reduce risk. Target maximum profit, unless significant profit appears early. Comment or direct message for discussion, or on other interesting ideas! Follow for updates.
NASDAQ:QCOMLong
by themdtrader
ADDED 1,000,000 SHARES - POSSIBLE BUYOUTWe heard a rumor that at least two to three large chip companies approached Micron about a takeover. Is the rumor true, we are trying to find out. We can say this, after looking at the stocks / P/E's of lesser public companies, in the computer / technology industries and other industries, and then looking at the price of Micron, if the company is not purchased by Intel (INTC), Qualcomm (QCOM), Taiwan Semiconductor (TSM), Qorvo (QRVO), Microchip Technology (MCHP), Western Digital (WDC), Broadcom (AVGO) or someone else, it will be a miracle. Look at Cracker Barrel (CBRL), trading at 19 x trailing 12 months, with a P/E of $9.00...STOCK PRICE = $172.00 (yes, we understand it's a restaurant - that doesn't change earnings for earnings or P/E for P/E) So, even if Micron sales drop, and E.P.S drops to between $8.00 and $9.00, the stock should be trading upwards of $175..? No..? E.P.S is E.P.S right...? Cracker Barrel has a market cap of only $4.2 Billion while Micron has a market cap of $41 Billion... Look at MCHP, trading at $73.00 with a market cap of only $17 Billion... P/E....? 32 x trailing 12 months...? OMG! Look at QRVO, trading at $63.50 with a market cap of only $7.7 Billion... P/E...? 460.33 x trailing 12 months...? OMG! MICRON is one of a handful, if not the only UNDERVALUED STOCK ON THE STOCK EXCHANGE Corrupt Analysts calling for more of a drop in the price of Micron could soon be kicking themselves in the teeth! We will continue to keep adding Micron to our portfolio at these FIRE SALE PRICES! IT'S REALLY DISGUSTING WHAT IS HAPPENING TO MICRON! WALL STREET HAS MICRON ALL WRONG AND SOON, THEY WILL ALL BE JUMPING OFF BUILDINGS! HAPPY THANKSGIVING TO ALL OUR FOLLOWERS!
NASDAQ:MULong
by UnknownUnicorn3159981
6
NXPI: ABCD completion looking for +25% I forgot how many times NXPI has changed owners, everybody loves NXPI silicon. After getting jilted on the alter by QCOM, NXPI is $2bn richer and running a $5bn buyback program. Stock is basing after an ABCD completion and exhibits signs of a positive divergence between the price action and MACD. Will look to take a small flyer at current prices with the recent trough providing reference for a stop and see if we get confirmation of a trend change to scale up. Expectation is for the stock to retest the 200-DMA which happens to be the 78.6% retracement level from the last peak.
NASDAQ:NXPILong
by WellTrainedMonkey
2