We 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...
Despite the price is above 30MM and the slope is positive, the price is going down. The share can be in phase 4 or phase 1. I recommend buying only if the price breaks the resistant.
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...
Prices are ranging heavily between 48.00 and 68.00. A lot of range trading can be done. There are strong supply zones from above and strong demand zones from below as well. Just stay patient and I advise to restrain trading from the middle of the supply and demand curve.
$QCOM has strong fundamentals support as 4g/5g patents. For now stock trades for last year price, look good for me for hodl portfolio. Unfort trade wars can easily make pain for this stock, so be careful in you trades and dont forget to hedge.
Watch for H&S to play out and confirm on the 1 hour before taking a short position.
$QCOM looking like a buy oversold at $50 support with earnings expected tomorrow (04/25) post-close. Expectations seem to already be fairly low heading into tomorrow. If QCOM reports a beat this could bounce 10%+ in the next week, with a couple overhead gaps to be filled. Risk/reward for going long here feels worth it. Note: This is an opinion and is not...
This is a long-term weekly chart on QCOM which completed an extended ABCD at the $81 level on Jul'2014. Currently trading near the top of a pennant formation with a clearly defined stop-loss level (ie. upper bound of pennant) with a huge potential if QCOM does break down and start a continuation CD leg to $32. This is a company fighting with its major customer...
Hi guys. I'm seeing a ranging bull in this high volume stock. Expanding with range. Plus had some unusual options activity lately (you can look it up :) and have a nice day.
Appears that HIMAX is setting up for a breakout. Approaching 1st leg of resistance at around $11.60 ( trading today around $11.20). Looks like there is a nice gap up to about $14.60( 2nd leg of resistance) I think now would be the time to buy in for a short term trade w/ potential to pick up about $3.00 on the stock. For those looking for a long term play, it...
$QCOM established weekly high at resistance, now pulling back within potential inverse H&S pattern. If an entry presents itself with a low/right shoulder my target will be near the weekly 200ma and monthly .618 fib level
Once the correction is over, the Elliott Wave Principle suggests the trend should resume in the direction of the impulsive sequence.
We've been making a good habit. Trading Calls on the way up as we fill the gap. Nice cup and handle formation pattern. Currently trading in the gap. will add more eow -TheTradingNinja
Qualcomm has been potentially forming a well-known technical trading indicator called a head and shoulders (HnS) pattern. This pattern is basically made up of three peaks or triangles with the middle triangle have a higher top than the ones flanked on each side. A HnS pattern with the peaks on top is bearish as the stock drops upon the final triangle (or shoulder)...
I see this movement potentially setting up. I plan to write on this in a few more days after the stock moves up a little further. The initial play will be to the downside. The stochastic is overbought and RSI is nearing that area. A drop is coming, but I am anticipating the stock to rise long-term. Bearish over next month. Bullish after that