QCOM suffered a large sell-off due the lawsuit with AAPL. As we could see, even the sell-off is filling the gap of previous jump-up. Strong support around 51.17. With the upcoming earning, I would say its rewards would be great if considering the relative risk.
Visual representation where $NVDA holds against same sector stocks $INTC, $AMD, $QCOM & against $AAPL, $MSFT
MoneyHour$-Breather signals a Buy for QCOM - always use a Stop Loss with 8% and wait for Sell signal of my Breather My Market Breadth calculation shows a positive (green) environment
NASDAQ:QCOM Safe Trades;
QCOM could not break the downtrend at 53.59 and started moving down . It tried to pull from 50.78 but again was a lower high and fell below 50.66 on 3/24. This is an indication that the downtrend is here to stay for a while and can be short. The weekly chart shows confims downtrend and also in overbought zone for now. If it closes below 50.18, it is likely to...
I really like Qualcomm short here. It's at the 61.8 on the weekly. It's also at trend line resistance as well as previous structure support. While the market was up around 1.5% today, Qualcomm barely moved only going up 0.38%. It has a history of rallying up resistance levels and then crashing down hard. For all these reasons I'm short QCOM going into next week.
Bearish retest gap. Hitting strong resistance, could roll over.
Qualcomm (QCOM) has reported their calendar Q4 2014 quarter earnings on Jan 28, 2015. The key was a loss of a large mobile customer and 2015 guidance reduction which sent the stock down ~ 11%. This is a significant drop for a staid, blue chip tech stock like QCOM. Thus creating a high probability, tradeable pullback. optionsforum.net