Hello dear Traders,
Here is my idea for #QCOM
Price finds support at monthly pivot S1 line.
As long as the price is above support zone, we will wait for a close above the yellow trigger line in the 4h chart to enter the trade.
Please feel free to ask any question in comments. I will try to answer all! Thank you.
Mixed signals for now.
There are some recent positive moving average crossovers but the top trendline of an apparent broadening megaphone like pattern, appears to be giving QCOM some issues.
The moving averages are still out of order with the 200 on top versus the bottom of the group. It is not sloping down and is the longest term moving average on the...
The PEAD projected a Bearish outlook for $QCOM after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 55.56%.
Qualcomm
Short Term
We look to Buy at 143.04 (stop at 138.51)
Preferred trade is to buy on dips. Buying continued from the 38.2% pullback level of 141.98. 20 1day EMA is at 143.50. Posted a Bullish Hammer Bottom on the Daily chart. We look for gains to be extended today.
Our profit targets will be 156.56 and 159.40
Resistance: 156.60 / 160.00 /...
Qcom just broke above a zone and as of now is retesting and holding the zone. First pt is the dashed line final pt is the next zone proceeding the first pt
QCOM is an established downward trend with several overbought or reversing indicators from Stochastic, CCI, bollinger bands, long term support, Fibonacci, williams percentage, at cloud resistance, top of downward channel. We are nearing a wedge formation to break out or break down, I'm guessing the latter will occur. No position yet
QCOM has been on my watch list and recently posted a chart but was not ready to initiate a position. QCOM is overbought on several chart times frames and various indicators on a bear market rally which lifted all stocks. I believe the rally will fade and ultimately print new lows. QCOM needs to break past the cloud and hold which I don't believe it will, this...
Summary
3 years into Covid and the risk of recession starts to outplay the chip shortage story of semiconductor industry. With its unmovable monopoly status in its own specialties, we think there is alpha for Qualcomm against its semiconductor peers . Dominance in modem chips and smartphone processors, the company recently declared another victory as Samsung ...
QCOM has formed a strong trend line in green and broken out from this line
Right now a horizontal line drawn against this can be placed at the prior ATH and it places the price nicely right above the Trend Line (white)
I have also drawn some weaker up trend lines in the dotted white lines
Good morning Traders,
Today I am analyzing QCOM and far this will fall...The entire semiconductor sector has undergone MASSIVE compression over the last quarter with some names being down 40%+...I have been extremely bearish since Jan 22 on QCOM as well as others in the sector and have packed on some nice percentages the first half of the year...QCOM has had a...
QCOM Apes were caned again. Good New, buy it then Sell it.
QCOM remains a bloated, overvalued, overpriced comedy.
Apple ain't using your modems, Google... never.
Yer another Dino.
Wilma and Fred left the building.
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QCOM Sub 100 will bring out the Baar for this Fanboi Cult.
I turned the support level blue versus green as it has been compromised a few times.
There is a weaker support level forming below it.
There is also what appears to be a descending triangle as the top trendline slopes down and the bottom one is flat. This pattern is neutral until a trendline is broken with a Confirmed trend in that direction.
I like this stock,...
