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....
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.
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)
idea on chart, but in short... Looking for two distinct direction on break. Until then, nothing but will keep eye with distinct entry/exit. Just my thoughts.
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...
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...
May open gap down and buy-back, or continue down to 50$. Fundamentally company cant be under 50$. But Huawei use Snapdragon CPU, and last news can make negative effect on future sale of new Snapdragon 855.
Year-long cyclical pattern, within a wide parallel ascending channel (not shown to prevent clutter) is the current predominant price action, showing clear supply and demand zones. Expecting price to finish upswing or remain neutral at least until close to or at the next earnings season.
50/52.5/65/67.5 JAN19 IRON CONDOR @ 0.66 CREDIT
General plan:
Roll if...
I'm long $QCOM and $INTC, as my 5G related plays here since 2 days ago. Looks like the stock is ready to trend up from here. Great to add on dips from here.
Cheers,
Ivan Labrie.
After a long war about rights. Apple and Qualcomm want to work together the CEO of Qualcomm told in an interview that Apple inc. and Qualcomm will work on 5g.
Despite the price is above 30MM and the slope is positive, the price is going down.
The share can be in phase 4 or phase 1. I recommend buying only if the price breaks the resistant.
![QCOM: [QCOM] phase 4](https://s3.tradingview.com/j/JFo5t3hE_mid.png "[QCOM] phase 4")
