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QUALCOMM Incorporated Shs Canadian Depository Receipt Hedged Reg SQUALCOMM Incorporated Shs Canadian Depository Receipt Hedged Reg SQUALCOMM Incorporated Shs Canadian Depository Receipt Hedged Reg S

QUALCOMM Incorporated Shs Canadian Depository Receipt Hedged Reg S

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QCOM trade ideas

($QCOM) Qualcomm: Hanging Cliffside...QCOMM chips will be highly implemented into the newest iPhone 15, they are the largest US chip company with exposure to china, and earnings/revenue are forecasted for continued growth into Q3 2024, so whats the problem? Since March of 2022, Qualcomm's weekly 50 simple moving average had turned from support, to resistance. When the 50SMA of QCOMM had become resistance, it had been retested 3 times with most recently this past July. Each time, we had seen continuing lower highs, and a final base low in late October 2022 creating a demand zone between $101.50 - $107. After the most recent rejection of the weekly 50SMA back in January 2023, our demand zone cemented itself as of May 2023. With the demand zone of $101.50 - $107 now having been tested twice as our weekly demand zone, there was an expectancy of yet another retest of the 50SMA... That time has just recently passed this past July. Now that the 50SMA had been rejected yet again, followed by current price sitting at the volume point of control (dotted white line), there looks to be an imminent retest back to our demand zone. In addition to these technical indicators, there are a few fundamental and economical challenges ahead. China is on the borderline of deflation, there is a massive global credit bubble, and the Biden administration is currently in an unofficial trade war with China on chips by limiting exports of chips to china constraining global sales. Not to mention the fact that NVDA is at a 40x price-sales ratio, Qualcomm may get caught in the crossfire of these looming factors.
NASDAQ:QCOMShort
by LightningTrading23
4
Qualcomm $QCOM | Bullish Falling Wedge BreakoutNASDAQ:QCOM continues pushing to the upside since breaking out of a bullish falling wedge pattern (RSI divergence confirmation). The current bullish wave has developed within a flag structure setting higher highs and higher lows. Pay attention to how price reacts at the upper resistance of the flag. 1) If price manages to breakout above the upper resistance of the flag I expect it to continue to ~$132. 2) If, however, price cannot manage to break above the flag resistance we may see price test the ~$105-$110 area which will provide an alternative buying opportunity. I will update as price action develops further.
NASDAQ:QCOMLong
by AidanMDang
1
QCOM - Falling Trend Channel🔹Breakout resistance at 123 in inverse head and shoulders formation. 🔹Tests resistance at 126, potential NEGATIVE reaction; upward breakthrough signals POSITIVE. 🔹Technically NEUTRAL for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:QCOM
by wavepoint99
QCOM Prediction using Fixed Range Vol w/ S&RSo - I've been playing a new tool (to me it is), the 'Fixed Range Vol' I only recently realized is available in TradingView's arsenal. I'm not exactly sure if I am using the correct way that it's intended to be used but so far, it's been a pretty reliable tool for my chart analysis attempts. 1.) I start by selecting the HH's and LL's on a higher time chart, let's say for example either the D or 4H and then again on a smaller time frame, let's say 4H or 1H and then again on the same or similar time frame as the last except this time I'd select points that are relevant to the symbols last noticeable trend movement. 2.) Then I would correlate the outcomes from those Fixed Range results withthe Supply & Demand areas generated from the indicator 'FluedTrades-SMC Lite' . More times than not - there is a fairly clear pattern or indication as to what the chart's next movements might be. So far - I've actually been quite surprised with the number of times this unusual method I somehow started using has been correct. Or is this a commonly used strategy that I just don't/didn't know of?
CAPITALCOM:QCOM
by Kev_Bourn