The market was rescued this morning following "There's still hope!" tweet from our President. Looking at the 15 min timeframe, you can see the stock gained some bullish movement but it's still quite bearish. Note the price is below both the green and red lines. $195 target for 5/10.
After a very impressive 50% plus price gain following QCOM/AAPL dropping their beef, the price now looks primed to short. Sub 80 by end of this week or next? Odds look good!
Qualcomm is probably the most violent stock on the planet. The resent trip to the moon was a result of the signing of a truce with Apple (APPL). Apple - the giant - had sued Qualcomm for $30 billion in an overcharging dispute. Qualcomm had fired back with a paltry $7 Billion counter-suit for lost payments. They settled their dispute and investors went into a...
The huge candlestick yesterday was NOT HFT activity. A run occurred toward the end of the day, driven by pro traders who received early news regarding the settlement of a 3-year lawsuit with AAPL. Pro traders initiated the end-of-day run and smaller funds’ VWAPs triggered to continue the end-of-day run on high volume.
QCOM Reversal Turtle Soup Plus 1
TRADE IDEA Long Entry = 53.59 (if it hits before breaking out) Target 1 = 54.40 Target 2 = 54.71 Target 3 = 54.98 Stop loss = Daily close below 53.59 Trade is invalid if it drops to support based on bad news.
QCOM 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...
QCOM has shown strong support at the 50.00 level and are now looking to bounce back up. RSI oversold and parabolic SAR has moved below = BUY!
This company is a trainwreck. If the ABC plays out on major indexes (see my ES1! chart), we could break the $50 support here around end of March. Puts under $50 are gonna make millionares by 2020.
Bullish divergence on 2 day tf and lower, 12h and 4h even 5 min, the buy zone represent a strong historical support, buying price and target 1 at the chart
TSM is moving towards a key resistance level which could in-turn create a reversal. That level is just under $39.00. Big tech companies are anticipating the release of 5G, so most if not all mobile devices will have capabilities and Qualcomm which is a customer of TSM will be producing a lot of chips.
QCOM 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 $50 support and have a sharp reversal upward....
May open gap down and buy-back, or continue down to 50$. Fundamentally company cant be under 50$. But Huawei use Snapdragon CPU, and last news can make negative effect on future sale of new Snapdragon 855.
Year-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...
I'm long $QCOM and $INTC, as my 5G related plays here since 2 days ago. Looks like the stock is ready to trend up from here. Great to add on dips from here. Cheers, Ivan Labrie.
just saw a sell signal for QCOM. I think its still a hold for further upside.