On March 31, 2017 the Qualcomm Incorporated ( QCOM ) 100 day moving average (MA) crossed below its 200 day MA. Historically this has occurred 19 times and the stock drops at least 0.235%, with a median loss of 3.023% and maximum loss of 16.621 % over the next 10 trading days. When we take a look at other technical indicators, the relative strength index (RSI) is...
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.
These are just my thoughts. With earnings around the corner, I'm pretty excited to see what this stock does. Many are anticipating either a gap down (and then the stock fades; meaning it trades higher) or a gap up and then anyone who didn’t bail in the last 2-3 weeks, will be given that opportunity and the stock will roll over a bit more. To get my FREE E-Book...
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;
On earnings "It's all about that gap, about that gap, bout dat gap, no candle" Should be interesting to see where Qcom opens. If it opens in the green zone, should be bullish. If it opens in the red zone, should be bearish. Anywhere else, probably yawn ville.
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.
Seeing a lot of this across the entire tech sector. Definitely a nice downtrend in play but bounces off this trend line have done fairly well. also seeing some bullish divergence on the RSI and stochastic indicators
Nice retest gap and we had the amazing swing trade analysis.
QCOM expected to open at 74.06 for a Retest Gap. To learn to trade this strategy for free,go to www.RealLifeTrading.com
Pictographs and note on chart. Obey your rules. Credit: EverytimeICash on Stocktwits
MACD bullish trigger good news today volume comes in
A) I was bearish yesterday (on 2/9/15) I wanted a close below the 2/815 candle. Then today, great gap and go. Opened above the high, trapping people on all time frames.
Bearish retest gap. Hitting strong resistance, could roll over.