QCOM has reached a crucial support zone level and seeing it rebounded with a green candle and RSI turning backup to 50, giving more reasons that it might filled the gap up from $142 to $145 easily with nice volume push. Friday closing was beautiful in conjunction with a good volume, seeing more upside if Nasdaq rallies up this week to $152 a strong resistance....
15th Aug 2021 Resistance turn support. Worth to enter. TP remain: $160
QCOM gapped up from recent earnings and then had an inside day setting up for a big move either up or down. There is an enormous gap above from 152-162 as well as a smaller gap below from 146.50-143. Considering the volume on the earnings breakout from the ascending triangle, QCOM is leaning more bullish but can be played either direction. Calls above 152 Puts...
The global chip shortage is still nowhere near over, making semiconductor companies very attractive here. QCOM is my top pick of the sector as they dont only benefit from the chip shortage they also benefit greatly from the roll out of 5G. The roll out of 5G will be sped up by US investment via the infrastructure bill which allocates $65b to broadband...
Looks like QCOM is providing good financial results while this triangle has been built. Let's see if the current resistance could be broken and the bullish trend can continue
QCOM displayed a time of consolidation on the weekly time frame which was the first indication of a major move. A confirmation towards this idea was given by the MACD as seen by it crossing the Signal line(increase in bullish momentum). The Daily time frame is also resting at its Fibonacci support allowing for a great entry. My price target for this stock is 160...
25th July Break above 145 may see 160 next level. Possible to cover the gap.
Looks as if Qual comm has formed a bullish cup and handle. Trade long for the 153 price level resistance denoted by the orange line. Safe bet is to trade the break out. If you are risk tolerant, the handle may still yet have formed be careful (tight stop loss).
QCOM Long. Going into earning it looks like QCOM has found a bottom. It broke out of its wedge after a correction to fill a large gap created months prior. Now that the gap has been filled, QCOM will resume to the upside as long as it maintains the trendline. Earnings will be crucial in determining next large move but I believe a pre earnings run up is in the works.
QCOM - Formed double bottom with trend line breakout, retested, if it can break 145 we can see 150 & gap fill soon, my target prices shown in chart
QCOM confirming breakout into ascending triangle pattern. pt $165
As I previously mentioned on my SQ analysis, Semis have been hit hard regardless of great earnings. With semis currently oversold, I see semis run up for the next two weeks along with the likes of AMAT, TSM, QCOM, NVDA, ON, and IIVI. AMD beat earnings and has been taking INTC customers for the past 2 years. INTC is in panic mode trying to regain back their...
QCOM looks pretty bearish according the TA. Stochastic bearish cross + super high overbought. Fractals seem bearish, MACD is about to bearish cross (2H MACD have already crossed) I would wait a bit more to the MACD to cross for more probabilities. So if everything will play correctly I believe that we’re going down to $133.14
$QCOM and the other semi names have taken a dip from their ATH but held up relatively well vs $QQQ recently. If the semis get a pop, they can see a continued move back to ATH. We like $QCOM here at the 200DMA support and previous resistance level of $130 for a long.
Qualcomm Inc. For those unfamiliar with Qualcomm: leading company in the production of chipsets for the best Android smartphones in circulation. Also active in the development of 5G, artificial intelligence, modems, and wifi antennas. I entered long on this company with undoubted growth potential, after the rather violent pullback in February, where the price...
QUALCOMM (QCOM),D1: Mirror level + Bollinger bands + Harami/Inside bar + Oversold + Discount