Qualcomm is showing some incredible resilience off the lows and I'm curious to see if it could lead the semi sector on a potential move up. Were going to look to see if bulls can bid up this area.
Yesterday I entered the NASDAQ:QCOM trade as the price closed above the long term diagonal resistance zone.
I have several short term and medium term timeframe positions on $QCOM.
In the short term the price will likely encounter resistance at the $133 level, if we break that we can see $140.
The price is overbought as the oscillators show, so I will likely...
Here are some specific examples of companies that use Qualcomm products:
1. Samsung uses Qualcomm's Snapdragon processors in its Galaxy line of smartphones, including the Galaxy S22, Galaxy Z Flip 4, and Galaxy Z Fold 4.
2. Apple uses Qualcomm's Snapdragon X50 modem in its iPhone 14 lineup.
3. Google uses Qualcomm's Snapdragon 8 Gen 1 processor in its Pixel 6 and...
NASDAQ:QCOM Looks like it is breaking out of the triangle and hit the 200-Day Moving Average.
I broke above POC resistance with Big volume.
Upside targets:
$120
$124
$128
$140
Downside risk:
$110
It should be noted that the lower gap could fill full or partially before the stock can move up.
Qualcomm (QCOM) rolled out a number of key AI announcements today, as the company seeks to cement itself as a major player in mobile chips.
Those announcements include a new compute platform, called Snapdragon X Elite; a new central processing unit chip, called the Qualcomm Oryon CPU; and a new smartphone chip, named the Snapdragon 8 Gen 3.
Though Qualcomm makes...
Earnings estimated to be on 11-1.
Symmetrical Triangles are neutral until broken.
Support level below triangle with 3 touches. The more touches a support or resistance level has, the stronger the level becomes.
No recommendation
Just posting to look at later. Macro trend is bearish. Looking to see if price will continue this short minor pullback as depicted by the arrow. I think we will if we stay within the green range.
Here is a strong down trend proceeding a channel break to the downside. An Inside Bar/3 Bar Play has formed on the 4h at close giving an opportunity for entry below the low of the inside candle. Can expect (but not guarantee) another leg down to follow up the current consolidation to possible test and or fill the gap below.
NASDAQ:QCOM Price may potentially undergo a significant reversal, particularly upon reaching the key demand area that has witnessed multiple retests in the past. It's a straightforward interplay of demand and supply dynamics.
Just bought some calls:
Exp 09/01
Strike 111
Price is accumulation just above a strong pivot point. If history repeats, it could make a nice bounce up.
QCOMM chips will be highly implemented into the newest iPhone 15, they are the largest US chip company with exposure to china, and earnings/revenue are forecasted for continued growth into Q3 2024, so whats the problem?
Since March of 2022, Qualcomm's weekly 50 simple moving average had turned from support, to resistance. When the 50SMA of QCOMM had become...
![QCOM: QCOM Continuation Play [PUTS]](https://s3.tradingview.com/g/Gt5MxLoe_mid.png "QCOM Continuation Play [PUTS]")
