QCOM, TIME FOR A REVERSAL
Hello fellow traders and investors, here's another trade idea.
QCOM has recently pulled back to the support area, if QCOM makes a full recovery it offers a 24% ROI.
Technicals:
The Macd indicates that it's oversold and in an uptrend
The EMA's have just crossed over and are in an uptrend
When To Buy:
Now is a good time to buy.
When To Sell:
I recommend selling in the take profit area offering around a 24% ROI.
Fundamentals: QUALCOMM, Inc. engages in the development, design, and provision of digital telecommunications products and services. QCOM is sitting at a P/E of 22, a debt/equity of 2 which isn't great however they have a sales growth of 62% Q/Q, an Earnings Per Share growth of 166% Q/Q, and an ROI of 25%.
Rating: 90/100 since I like the technical setup a lot in this scenario and the only reason why they didn't get a 100/100 rating is because of their debt/equity which isn't great.
NOTE: I don't think I will be buying for a few days now since the overall market especially tech will most likely be pulling back.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
QCOM has recently pulled back to the support area, if QCOM makes a full recovery it offers a 24% ROI.
Technicals:
The Macd indicates that it's oversold and in an uptrend
The EMA's have just crossed over and are in an uptrend
When To Buy:
Now is a good time to buy.
When To Sell:
I recommend selling in the take profit area offering around a 24% ROI.
Fundamentals: QUALCOMM, Inc. engages in the development, design, and provision of digital telecommunications products and services. QCOM is sitting at a P/E of 22, a debt/equity of 2 which isn't great however they have a sales growth of 62% Q/Q, an Earnings Per Share growth of 166% Q/Q, and an ROI of 25%.
Rating: 90/100 since I like the technical setup a lot in this scenario and the only reason why they didn't get a 100/100 rating is because of their debt/equity which isn't great.
NOTE: I don't think I will be buying for a few days now since the overall market especially tech will most likely be pulling back.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
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