The tech sector continues to get hammered and it brings down the good with the bad. Qualcomm' is still undervalued here in my opinion, and as we closed out our recent options contract for a profit we are looking for another re-entry.
Initially the bullish swing looked promising, but the recent bars are showing we likely retest the lows, between 54.0-56.0. What...
Need some snack food stocks. 5G chip manuf. QCOM at full retrace from recent rise. Buying some and setting 20% lower standing offer good til May.
Make you own decisions. Robotics, AI and other uses. Awaiting CCI pushing over 0 on weekly chart for strong wave up.
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...
Qualcomm is building a nice bullish reversal structure off the key 54.0 level and is poised to move higher. Initial resistance is 62.0 but if broken shouldn't take long to test the 68.0 in the next month. With the introduction of the first 5G phone next year, they are way ahead of the others. Beaten up, left for dead, time to look to add this quality dividend...
NASDAQ:QCOM found support from an almost decade long trend after being in free-fall since since September. This might be an intresting stock to hold onto this years since we will see 5G start to rollout.
This new 5G technology is going to be very present in our lives going forward. Not only in cell phones, but in self-driving cars, house appliances, ect... As the...
This company is a trainwreck. If the ABC plays out on major indexes (see my ES1! chart), we could break the $50 support here around end of March. Puts under $50 are gonna make millionares by 2020.
QCOM is a company I respect dearly, but as traders we must be able to emotionally detach ourselves if necessary.
Tomorrow is an earnings announcement for the chip producer and will provide a clearer picture of where the current price level may go. The $50 zone is critical and a brake below $48 dollars can spell trouble for bulls. The $45 zone is the last hope...
Bullish divergence on 2 day tf and lower, 12h and 4h even 5 min, the buy zone represent a strong historical support, buying price and target 1 at the chart
QCOM looks like it wants to test it's 2 year support at the $50 mark. Secondary support is somewhere around $43. QCOM is coming off of a finished head and shoulders pattern, making its D leg downward. Typically a D leg is finished by a sharp reversal. In case of negative earnings, QCOM will likely drop well below the $50 support and have a sharp reversal upward....
Want to get this out quick before my lunch break.
Hopefully all you bears are making out today like bandits.
Shorting this lower - however still worried about the RSI
Moving AVG is very bearish
The wireless standard for the next phone's generation 5G is one of the top interesting product that will be on every devices. We think that the first reveue of the new service will start to rump up in the first quarter of 2020.
Total debt: 16.4 Bilions
Net profit: 5.43 Bilions (2018)
For the fiscal year 2019 we estimate a total EPS of 3.95 $ (4.70 Bilions)
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NASDAQ:QCOM
