In a remarkable turn of events, Qualcomm ( NASDAQ:QCOM ), the global leader in smartphone chip manufacturing, has defied expectations with a bullish forecast for the fiscal third quarter, driven by a resurgence in the smartphone market fueled by artificial intelligence innovations.
Riding the AI Wave:
Qualcomm's optimistic outlook stems from the accelerated...
If you haven`t bought QCOM on this support:
Then analyzing the options chain and the chart patterns of QCOM QUALCOMM Incorporated prior to the earnings report this week,
I would consider purchasing the 170usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $6.50.
If these options prove to be profitable prior to the...
Reasons for bullish bias:
- Entry is at breakout of HH
- DOW theory, SL at last HL
- Divergence is there, but entry is at breakout so let's see
Entry Level(Buy stop): 158.62
Stop Loss Level: 134.44
I mean you keep seeing this chart pattern over and over again. I'm just going through different stocks and this has been the pattern that keeps coming up. And shoutout to JC AND ALL-STAR CHARTS, I learned this pattern from him and his crew. These big bases for the most part have all been residing to the upside.
At the close of March 22, 24, NASDAQ:QCOM has been moving 2 weeks in the high tight flag pattern.
A breakout of this flag with high volume confirmation would be a valid buy point.
Qualcomm (QCOM): NASDAQ:QCOM
For Qualcomm Inc. on the weekly chart, we now assume that after the significant rise during the Dotcom Bubble for Wave (1), and having observed Waves (4) at $101.47, we are approaching the completion of Wave (5) / the first 5-wave cycle towards Wave I. We expect this Wave (5) to be in the range of 50 to 61.8%. This places us at a...
Hoping to get a shot on these buy-zones.
Around 120 is my first fib retracement zone and will be my first entry when it gets there.
When it hits the second fib retracement zone at around 105 I will buy some more.
Will be a longterm hold, just want to get it at a good price.
To make this trade, you will need an offshore account. With earnings having been reported, traders have little to no short term single stock 'event risk' on the horizon. The share is in a gradual upward trend with the structure and signal forming part of the re-emerging momentum category. Considering the analyst ratings since it's recent earnings, a number of...
Qualcomm Inc., (NASDAQ: NASDAQ:QCOM ) the global leader in smartphone processors, is charting its course for growth despite facing challenges in the form of a chip glut and sluggish demand for internet-connected appliances. As the company reveals its expectations for a modest recovery in 2024, a closer look at its recent fiscal first-quarter earnings report...
There is a Bearish Hammer at weekly Resistance on QCOM with the RSI pushing back down from its second test of the overbought level. This seems like Bearish RSI BAMM that could lead to QCOM coming back into the support range around $120. As a result I'v decided to open Bear Call Spread spreads on QCOM to offset my Bullish AMD Call Spread.
