$QCOM looking like a buy oversold at $50 support with earnings expected tomorrow (04/25) post-close. Expectations seem to already be fairly low heading into tomorrow. If QCOM reports a beat this could bounce 10%+ in the next week, with a couple overhead gaps to be filled. Risk/reward for going long here feels worth it.
Note: This is an opinion and is not...
Hi fellow traders,
We keep waiting for NY open to go long with QCOM, if it heads up and finds support at our depicted level. Take your look at the depicted chart for more info.
We will monitored when the trade is active.
Trade well!
makkaba team
This is a long-term weekly chart on QCOM which completed an extended ABCD at the $81 level on Jul'2014. Currently trading near the top of a pennant formation with a clearly defined stop-loss level (ie. upper bound of pennant) with a huge potential if QCOM does break down and start a continuation CD leg to $32. This is a company fighting with its major customer...
I think current price discounts all the negative information related to QCOM (Apple moving to Intel, Regulatory fines etc...).
If AVGO acquires QCOM then you'll have 25% return. If AVGO doesn't acquire QCOM and QCOM acquires NXP then that will be a huge plus for QCOM. NXP acquisition increases QCOM's margins down the line.
5G launch (Pilot phase in 2018 in USA...
QCOM has formed a small double top on the daily chart. Throwback has already completed. Play this as a short term play. Maybe play the the march thru may options. That being said, do not stay short in this stock for a long time. There is a large W formation on the weekly chart. On the monthly chart there is a strong rising trend line with recent declining trend...
Hi guys. I'm seeing a ranging bull in this high volume stock. Expanding with range. Plus had some unusual options activity lately (you can look it up :) and have a nice day.
