Happy 2022 to everyone...
Chip and 5G tech stocks are bound for explosive uptrend in the coming years, however, price action currently shows
we have a medium term top in place.
This top might reset the base for the coming bull trend.
The cycle node for the current market structure is on 8th February 2016, a low in March 2023 will complete the first 7-year...
I think QCOM can get a big correction if it fails to hold the red demand line. A parabolic step could indicate the 4th and final step being taken. This is followed by a minimum 50% correction. The chart seems to have followed wave lengths so far, which would mean it could do the same and make a round top. As long as good ER and news comes out, macro bullish trend...
QCOM Bull flag is setting up for a breakout. Support form the 50sma coming in and repeated testing of resistance makes me think this one is getting close.
QCOM continue to hold strong compared to rest of tech and its back attempting to stage a breakout. Tomorrow should be telling for the stock so keeping a close tab on it.
$QCOM upon its Q3 earnings gap up, it remains relatively resilient to market weaknesses since december. also flagging in weekly chart.
yesterday's closed have $QCOM trading beyond all significant VWAP, above 10/10/50 MA.
$188.15 is the ideal level for a tight entry to size up
* Excellent earnings
* Very strong up trend
* High 3-month relative strength of 4.43 in the Tech sector
* Broke out of a 1 year base with tonnes of volume on earnings
* Started to consolidate after the breakout in a tight 7-8 week range
* Has a U/D ratio of 2.11, indicating that it's under accumulation
Trade Idea:
* You can enter on the closing price today as...
Hi everyone,
Today we will talk about NASDAQ:QCOM , a semicunductor manufacturing company.
As we saw almost all tech stocks selling off from late November through to 2022, NASDAQ:QCOM managed to stay up there quite nicely.
The question to ask now: Is it lagging?
Will [ symbol="NASDAQ:QCOM"]NASDAQ:QCOM follow broad tech market and proceed to a major...
QCOM , after waiting 2 weeks. Qcom finally gave a direction on the weekly.Bounce off the previous resistance.
looking for sell trades this week on this.
$QCOM is close to its ATH around 192 area (from December). Really liking its value relative to other names in the semiconductor space and with the rotation that's going on right now could see it breaking through this level soon. Very bullish options flow...
Earlier this month, I posited the idea that QCOM was trading in a consolidation pattern. The idea was simple, go long on a breakout and short on a break down. The trade triggered to the long side and since then, the stock has retraced. However, I noticed a pattern that I call the "Fake-out-break-out." If there is an actual name for this pattern, please let me...
Bought position into break of pivot from the previous earnings-gap run. This is the fourth attempt to breakout from this pivot. Stop loss below the low of the day.
Bigger picture, the stock is breaking out from a large base to new all-time highs and remains one of the leaders in the market. It has big growth numbers and is in one of the strongest areas of the market.
$QCOM setup on both daily and weekly displays a pretty HTF with 50DMA / 10WMA catching up to its current consolidation.
this is one of the few semicon setup that have not rallied beyond its ATH this week
QCOM has been diligently staying within the shown ascending channel. Due to the reliability in Fibonacci levels, I have a short term price target of 195-196 before any correction.
QCOM is currently consolidation in a triangle pattern. It has shown the 3 lower peaks pattern which consists of 3 lower highs and 2 lower lows. The pattern eventually breaks down much lower. This pattern can be seen at the top of an uptrend. Conversely, this pattern could set up to break higher. The current trend is up and we are bouncing off of the 20ma. On the...
