Qualcomm Inc., (NASDAQ: NASDAQ:QCOM ) the global leader in smartphone processors, is charting its course for growth despite facing challenges in the form of a chip glut and sluggish demand for internet-connected appliances. As the company reveals its expectations for a modest recovery in 2024, a closer look at its recent fiscal first-quarter earnings report...
There is a Bearish Hammer at weekly Resistance on QCOM with the RSI pushing back down from its second test of the overbought level. This seems like Bearish RSI BAMM that could lead to QCOM coming back into the support range around $120. As a result I'v decided to open Bear Call Spread spreads on QCOM to offset my Bullish AMD Call Spread.
It will pull back and go higher from there per the usual behavior on breakouts like these. use a stoploss please. thanks!
Price struggling to stay inside the trend line, very much possible to see downside correction for a bit. Target 164 USD.
Support : 106.25 Resistance : 130.01 142.97 Time : 06-04-2023 10-05-2023
Looking at QCOM is very important because it has just been straight up. Semi's such as NVDA, AMD and QCOM are what is propping tech. While SPY had a bearish day on Friday, the continued upside pressure from QCOM, AMD and NVDA salvaged QQQ and its important to pay attention to the strong performers right now if you are an NQ1! or QQQ trader (just generally a...
A nice breakout. The chip industry is about to have a blow up. Get ready
Qualcomm is showing some incredible resilience off the lows and I'm curious to see if it could lead the semi sector on a potential move up. Were going to look to see if bulls can bid up this area.
Yesterday I entered the NASDAQ:QCOM trade as the price closed above the long term diagonal resistance zone. I have several short term and medium term timeframe positions on $QCOM. In the short term the price will likely encounter resistance at the $133 level, if we break that we can see $140. The price is overbought as the oscillators show, so I will likely...
Here are some specific examples of companies that use Qualcomm products: 1. Samsung uses Qualcomm's Snapdragon processors in its Galaxy line of smartphones, including the Galaxy S22, Galaxy Z Flip 4, and Galaxy Z Fold 4. 2. Apple uses Qualcomm's Snapdragon X50 modem in its iPhone 14 lineup. 3. Google uses Qualcomm's Snapdragon 8 Gen 1 processor in its Pixel 6 and...
our most kind printing machine that hates seeing us broke. will be adding to my sells monday open buddies.
New support at 100 plus. Accumulation gr8 idea. 100 to 110 consolidation before breakout possible.
NASDAQ:QCOM Looks like it is breaking out of the triangle and hit the 200-Day Moving Average. I broke above POC resistance with Big volume. Upside targets: $120 $124 $128 $140 Downside risk: $110 It should be noted that the lower gap could fill full or partially before the stock can move up.
NASDAQ:QCOM is trying to beak the triangle with a break in afterhours after earnings release. Could start a new bullish trend here.
Qualcomm (QCOM) rolled out a number of key AI announcements today, as the company seeks to cement itself as a major player in mobile chips. Those announcements include a new compute platform, called Snapdragon X Elite; a new central processing unit chip, called the Qualcomm Oryon CPU; and a new smartphone chip, named the Snapdragon 8 Gen 3. Though Qualcomm makes...
Earnings estimated to be on 11-1. Symmetrical Triangles are neutral until broken. Support level below triangle with 3 touches. The more touches a support or resistance level has, the stronger the level becomes. No recommendation
Qualcomm flat and forming base. Accumulation good idea . Stop loss must
Pennant that could take us back to 122 gap resistance. I like calls above 111$ 110.00$ stop loss 1st target 116 2nd target 122