QCOM
Bullish on Qualcomm. QCOMBetting on in the position of the B Wave in this pretty epic zigzag. Taking retrace of ?B of B for targets of C. C's within triangle tend to be the largest of the lot, so a chance we may come back to this idea and extend the goals to hyperextension incase of an epic C at a later stage.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
8/17/22 QCOMQUALCOMM Incorporated ( NASDAQ:QCOM )
Sector: Electric Technology (Telecommunications Equipment)
Market Capitalization: $166.799B
Current Price: $148.53
Breakout price trigger: $151.35
Buy Zone (Top/Bottom Range): $146.80-$141.25
Price Target: $164.20-$165.30
Estimated Duration to Target: 32-35d
Contract of Interest: $QCOM 9/16/22 150c
Trade price as of publish date: $4.75/contract
Qualcomm: Things are looking bullish!Qualcomm
Short Term
We look to Buy at 143.04 (stop at 138.51)
Preferred trade is to buy on dips. Buying continued from the 38.2% pullback level of 141.98. 20 1day EMA is at 143.50. Posted a Bullish Hammer Bottom on the Daily chart. We look for gains to be extended today.
Our profit targets will be 156.56 and 159.40
Resistance: 156.60 / 160.00 / 190.00
Support: 141.00 / 120.00 / 100.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
QCOM SELLQCOM is an established downward trend with several overbought or reversing indicators from Stochastic, CCI, bollinger bands, long term support, Fibonacci, williams percentage, at cloud resistance, top of downward channel. We are nearing a wedge formation to break out or break down, I'm guessing the latter will occur. No position yet
piling up bad news on semi conductor industryAMD is on a really important zone here. if this breaks, its going to be a disaster for it. we can see 59-60. most of the semi conductor names like AMAT, NVDA or just semi etf SMH are pretty close to 200 weekly moving range. we might see it next week.
MU reported ok numbers for this quarter but their guidance is awful.
• They slashed EPS by 40% and REV by 20% in guidance.
• Operating margins of this quarter are inline but they guided way lower operating margins for next quarter which shows the pressure on their raw materials
and inventory side.
• Operating cash flows for this and next quarter are also a miss but thats not surprising considering their margins going down.
• Also, CEO on call said the demand is weaker for semi’s right now which probably is why semi’s have been getting hit in the last week or so.
The biggest issue i see on MU’s ER is declining mobile sales. They have had y/y declining sales and this might spill over to big names like APPL, QCOM, QRVO and also ad spend companies like APPS, TTD.
If a new leg down starts in the market, chip manufacturers and mobile makers, ad spend and 5G network companies should be on watch.
Also, the demand weakening comment should put a lot of pressure on NVDA and AMD as there will be doubts about them being able to fulfill their guidance with weakening demand. Especially AMD guided way higher last quarter.
TSM put out news friday that majority of their big suppliers are scaling down their chip orders for rest of 2022. this consists of AMD NVDA AAPL cutting from 5-12% of their chips.
please note that this post is not for monday trading, it is intended in general for the next 3-4 months.
QCOM - Above Previous ATH LineQCOM has formed a strong trend line in green and broken out from this line
Right now a horizontal line drawn against this can be placed at the prior ATH and it places the price nicely right above the Trend Line (white)
I have also drawn some weaker up trend lines in the dotted white lines
QCOM - Loudest before the ImplosionQCOM Apes were caned again. Good New, buy it then Sell it.
QCOM remains a bloated, overvalued, overpriced comedy.
Apple ain't using your modems, Google... never.
Yer another Dino.
Wilma and Fred left the building.
____________________________________________________
QCOM Sub 100 will bring out the Baar for this Fanboi Cult.
QCOM-Has Two Bullish Patterns!Patterns Identified -Falling Wedge & Bullish Engulfing patterns weekly chart!
QCOM filled a gap from November 4, 2021. I can clearly see that QCOM is going through price correction (ranging). If you take a closer look it has popped out of the upper trend line slightly. Take a look at the yellow box to verify. I've identified a bullish engulfing that leads me to believe that the stock has potential to break the channel and move to the upside. However, if it breaks the bottom of our channel, then we should expect to see price go down. However, a falling wedge pattern was identified with confluences (rising volume and momentum).
Therefore, I am bullish on QCOM.
My entry will be based on these findings to include the patterns identified. A break of the recent candle and channel will be my signal to enter a swing position.
*This is not financial advice.
Freedom & peace is prosperity,
MrALtrades00
Gap up from November 4,2021
Falling Wedge
Bullish Engulfing inside Falling Wedge pattern!
QCOM strong supportIf you haven`t shorted QCOM on the exposure to China article here:
Then you should know that is QCOM is sitting on a strong support line, trading at a 38% forward P/E ratio discount versus the 5 year average!
Wells Fargo has an $150 price target for QCOM!
Looking forward to read your opinion about it.
QCOM at key support? Qualcomm
Short Term - We look to Buy at 124.23 (stop at 118.34)
We look to buy dips. Previous support located at 125.00. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look for a temporary move higher. Trading has been mixed and volatile.
Our profit targets will be 141.29 and 149.10
Resistance: 145.00 / 160.00 / 190.00
Support: 125.00 / 110.00 / 100.00
Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
QCOM is at the Edge of a CliffQCOM appears to be ready to pull a Wile E. Coyote and run off a cliff.
Not a good look.
The featured content is intended to be used for informational purposes only. Everything shared here is my own opinion. It is very important to do your own analysis before making any investment based on your own personal circumstances. Please subscribe to our channel if you like what you are seeing!
$AAPL to the up side?$AAPL surged up today with the help of $TWTR after the news about elon bought almost 10% stake of TWTR. boosting most of the tech stock this morning. there's no exciting news yet about apple or new products.
Now in technical perspective. AAPL just exited the squeeze and setting up for some momentum play with plenty of strong buy volume.
here's the price target I'm looking for bullish and bearish play.
Some of the honorable mentions to watch for tomorrow: RBLX, AAPL, MSFT, QCOM, SQ
AAPL: Day trade or scalp target play: 04/05 /22
Buy call above 179.81 sell at 181.17 or above.
Buy puts below 177.45 sell at 175.81 or below.
option open interest: ideal expiration date: 4/14/22 , 5/20/22 or 6/17/22
Hello everyone,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities
for day trades or scalp play.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
Qualcomm | QCOM | Short to Gap FillQualcomm ( NASDAQ:QCOM ). While I believe semiconductors will be the hot tickers again in the near future, Qualcomm needs to close the gap between $138.55 and $147.88. The upcoming Federal Reserve meeting and OpEx may serve as catalysts for this move. While it could rise to test resistance in the low- to mid-$160s to trap the bulls, I expect it to show more weakness ahead. Closing the gap below will be great for the bulls (like myself) in the long-run.
If it breaks resistance, thesis is broken.
QCOM exposure to ChinaThe U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
67% of QCOM Qualcomm revenue comes from China.
My price targets from QCOM are $126 and $92.
Looking forward to read your opinion about this.
Qualcomm recovering. QCOMGoals 1.41, 1.16. Invalidation at 2.54 .
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe