QCOM
QCOM Bull Run to 160QCOM displayed a time of consolidation on the weekly time frame which was the first indication of a major move. A confirmation towards this idea was given by the MACD as seen by it crossing the Signal line(increase in bullish momentum). The Daily time frame is also resting at its Fibonacci support allowing for a great entry. My price target for this stock is 160 due to the Fibonacci resistance resting there.
Although I am bullish on QCOM remember that Jerome Powell will be speaking this week, which may result in a more volatile market.
QCOM LongQCOM Long. Going into earning it looks like QCOM has found a bottom. It broke out of its wedge after a correction to fill a large gap created months prior. Now that the gap has been filled, QCOM will resume to the upside as long as it maintains the trendline. Earnings will be crucial in determining next large move but I believe a pre earnings run up is in the works.
AMD will not disappoint, 93.75 TGTAs I previously mentioned on my SQ analysis, Semis have been hit hard regardless of great earnings. With semis currently oversold, I see semis run up for the next two weeks along with the likes of AMAT, TSM, QCOM, NVDA, ON, and IIVI. AMD beat earnings and has been taking INTC customers for the past 2 years. INTC is in panic mode trying to regain back their market share. AMD server/pc chips are faster and much reliable and cheaper. Semi shortages is an issue but with current earnings handily beat expectations, I don't see this as an issue moving forward as demand outweighs shortages. See EBAY, StockX, and FB markets for GPUs and CPUs. People still buy them at over 200% retail. China, Taiwan, US coming out of Covid pandemic, ramps up chip production in Q2. A bullish Doji on Friday with good volume. Shorts will get squeezed out at 83.52.
Qualcomm TAQCOM looks pretty bearish according the TA. Stochastic bearish cross + super high overbought. Fractals seem bearish, MACD is about to bearish cross (2H MACD have already crossed) I would wait a bit more to the MACD to cross for more probabilities. So if everything will play correctly I believe that we’re going down to $133.14
Qualcomm (QCOM)Qualcomm Inc.
For those unfamiliar with Qualcomm: leading company in the production of chipsets for the best Android smartphones in circulation. Also active in the development of 5G, artificial intelligence, modems, and wifi antennas.
I entered long on this company with undoubted growth potential, after the rather violent pullback in February, where the price has discounted well 25.89%!
Technical Analysis: With Thursday's close above the 137.27 level, QCOM nearly closed its November GAP. Very important strength index.
The uptrend is accompanied by good volumes, considering that the stock is unlikely to trade more than 20 million shares per day.
Also considering the volumetric analysis, here are my targets:
1st target: 147 $
2nd target: 152 $
3rd target: 160 $
Lazy Bull
$GSAT Follow Up Breakdown 3/2$GSAT Video breakdown on todays choppy action and what to watch for tomorrow!
Looks Primed To Break Through 52wk high GSAT made recent news with a major partnership with QCOMM. We all know the importance QCOMM is for the modems in Apple's phones and with most likely the launch of the 5G phone this looks primed for huge gains this year.