$QCOM Breakout and PullbackI liked how $QCOM broke out from it's down trend line over a week ago. I was waiting for it to hold and pullback then resume it's up trend. It did that today. I've opened a 1/2 position today at $91.42 with a tight stop loss of $89. I'll be looking to add to the position if it continues it's up trend. I my exit this trade prior to earnings depending on how much cushion I have. Earnings on Jan 29. Ideas, not investing / trading advice.
QCOM
QUALCOMM INC (QCOM), How Support/Resistance Zones works...Just check how the Support/Resistance Zones works and how many times the price bounced from it.
We can make our predictions using such strong zones and trade it properly and safely.
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QCOM 5GWith 5G release imminent, Qualcomm aims to be one of the biggest exporters of this service, behind Huawei. This bullish fundamental analysis is also based on present chart patterns including a bull flag on the daily chart, a clear parabolic uptrend, a LARGE bump and run, a bullish MACD, and a possible break above the mirror top level that was provided by the previous massive bull run. Will QCOM soar?
QCOM - DAILY CHARTHi, today we are going to talk about QCOM and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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QCOM - DAY TRADE Hi, today we are going to talk about QCOM and in a Day Trade opportunity.
We observe a 15m chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above.
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Meeting with tech executives on Huawei ban at White House - NewsReported by Reuters
White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd , two sources briefed on the meeting said on Friday (July 20th).
Treasury Secretary Steven Mnuchin will also attend the White House event, to which chipmakers Intel Corp and Qualcomm Inc have been invited, the people said.
The subject of Huawei was expected "to come up but that it is not the reason why they are convening the meeting," said the official, who spoke on condition of anonymity.
The future of U.S. companies' ties to Huawei, the world's no. 1 maker of telecommunications equipment, remains uncertain after the Trump administration put the company on a blacklist in May, citing national security concerns.
One of the people briefed on Monday's meeting said Broadcom Inc was also invited to the White House event. Microsoft Corp was also expected to receive an invitation, the person said.
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*We could possibly see some volatility this week with this meeting.
Daily QCOM price trend prediction by Supply-Demand strength.26-Jun NASDAQ:QCOM
Price Forecast timing analysis by pretiming algorithm of Supply-Demand strength
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 2.4% (HIGH) ~ 0.0% (LOW), 1.6% (CLOSE)
%AVG in case of rising: 3.7% (HIGH) ~ -0.1% (LOW), 2.7% (CLOSE)
%AVG in case of falling: 0.7% (HIGH) ~ -1.9% (LOW), -1.0% (CLOSE)
Price Forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
QCOM stock price forecast timing analysis.14-JunStock investing strategies
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: Strong buy as Rising section of high profit & low risk
Supply-Demand(S&D) strength linkage Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's Supply-Demand(S&D) strength Flow: Supply-Demand strength has changed to a strengthening selling flow when stock market opening.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 3.2% (HIGH) ~ 0.2% (LOW), 2.3% (CLOSE)
%AVG in case of rising: 3.5% (HIGH) ~ -0.2%((LOW), 2.5% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -2.0%(LOW), -1.1%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
$QCOMPossible break out coming for $QCOM. Looking at this stock there are three resistance lines. If it breaks through the first at $71.67 (+2.5%) we can see a nice run to around $79.12 (+13%) and best case scenario up to $86.45 (+23.5%). Look to buy now and sell when it bounces off one of these resistances. MACD indicating that there’s momentum going into the stock and RSI is showing that the stock isn’t over bought. Definitely has some room to run.
QCOM - Long for mid BB testMorning traders,
QCOM has taken a beating, and looks like alot is flowing back into semi's today, if SPX can re-take 2766 we're looking at a potential full bottom reversal with alot of upside potential on this one.
Currently long june 7-21st calls targetting 71-75 zone
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Qualcomm to drop by 15% ? Possibly even 25-30% within the year?Qualcomm overall is a solid company and usually performs bullish in the longer holding time frame..
BUT....
I have seem to come across some shorter to mid time frame bearishness.
First I' noticed QCOM forming a Head & Shoulders with weak looking shoulders that decline from the L.shoulder over to the R.shoulder. A gap also occurred from the L.shoulder over to the R.Shoulder within the same price region showing weakness here.
On Balance Volume shows that there are low exchanges of hands and could be signaling weak buying power and a sell off to come.
OBV to price also shows a Bearish Divergence.
Last but not least, we seem to be in the process of forming a descending triangle (iHVF) with flat bottoms and that is low slung.
Only sign of slight bullishness would be in the weekly time frame in which QCMON is bouncing within a channel that we seem to be within the bottom region of. QCOM has exited this channel before but usually tends to be extremely volatile when done so. Could this be a sign of another series of hyper volatility and a hint of the temporary health of the overall market?
QCMON to see around $48 soon and possibly even mid $30's within the year
QCOM - Great RR setup, 20% zipper in coming monthMorning traders,
On mondays open I plan on opening a middle June to end of June put spread on this asset. Let's dive in.
1) Weekly shows signs of clear exhaustion and indecision, we have a doji print.
2) RSI is exhausted and printing downwards
3) Slowstoch is at the peak and is bearishly crossing
4) VFI has flattened out, likely the high of this move with downside coming next week.
5) MACD is bullish, but expecting the first negative tick next week.
6) Stoch RSI shows it's about to correct.
With a RR of 3.76 and a 19.53% potential return, this is a juicy short. Last week QCOM had the highest amount of shorts opened, and I expect that to continue once it gets going.
I'm targeting the major support zone which also coincides with the 0.618 @ 69.03
China news can propel this thing at any moment, so it should be an interesting, and profitable week.
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APPL - still bearishThe 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.
MOONSHOT - attacking the most violent stock on earth!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 frenzy.
But have a look at this chart on any time frame. It's not just about the recent lawsuit. I've never seen such volatility before, in all my years.
So - how does one exploit this. Volatility is supposed to be essential to making money in markets - right? Errrh.. so why is this one gonna scare a lot of people?
The problem is in finding entry and exit positions! Those with keen eyes, have a look at the amber ATR indicator. Nearly every time there is a Grade A trend switch, $$ should flash in your eyes! It then becomes simple. The trend could decide your entry and exit points! No predictions!
Now the challenge is to find a suitable trend switch on the recent moonshot! Note the folly of shorting on ridiculously high or low RSIs. On this chart the RSI peaked most recently at 95.






















