QCOM Massive Fractal Breakout5G architecture / devices rolling out to the end of the year. Tech as a whole heading to its second bubble. It would only make sense QCOM is one of the leaders of the rally.
QCOM
QUALCOMM INCThe market. Continues its upward trend. there is a probability that we are going to the level of 105 if ever we break with power the resistance of 92
QCOM: Ready, Steady, Go!beautiful pattern and a breakout at the end of the day today.. Seems the move up hit some buy stops that were waiting the breakout
first target hit, and looks like there's room to move higher. let's keep watching (and holding)
Purchasing QCOM calls in June.May's monthly candle closed above April's high.
If price returns to April's high, then I will begin purchasing call options at the 80.00 strike with a July 2 expiration.
QCOM - Changing direction?QCOM created a nice bottoming pattern inv. H&S
the only thing is price hasn't broke above neckline resistance at 81.8
posting for tracking for the next few days
QCOM - strong company, heavy buying volume today, good supportEntered a long position here today - feel like this one will reverse pretty good along with overall QQQ
QCOM: Key levels and test-driving a new indicatortest-driving my new "VolumeViewer" using QCOM - to find key supply / demand balance levels.
the key balance levels are found either as the VV crosses 0, or when it changes direction and they usually correspond to S&R levels for the underlying.
note: i'm long QCOM and looking for opportunities to add to position.
QCOM trade and the (Fisherman) setupTook a long position today on QCOM , and it worked well. entry point was $75, and the first target is $83.6, with a possibility that i just hold it for a long term (I like QCOM for the 5G motion)
i wanted to share this trade cause it's a classic example of a setup that i call "the fisherman" - and while it's very easy to learn and use, it can provide high probability trades.
here's how the fisherman works...
- first we need to look at a Renko chart - you can see from the dual view here how super easy it is to see the signals on a Renko vs a regular bar or candle chart - Renko is a real secret weapon -- maybe we talk more about that in future posts
- on the price chart, i have the MagicWave - ignore the Wave (aqua/orange) line, the other lines are a 10sma (purple) and a 30ema (blue) -- easy to add to the chart individually. the main one we need is the 30ema
- on the lower panel there's my own version of the Balance Of Power - but you can use the Dual RSI indicator that i published before. why we need this? cause it shows momentum for 2 periods, a fast and a slow - and that's important for the signal we want to see. use a fast length of 5 (yes we want this to be really fast) and a slow length of at least 6 to 8 times the fast - we don't want the slow length to be "too sensitive".
how does the fisherman setup work? what signals do we look for:
1- the price will cross the 30ema going up (the yellow circle), at the same time, both the fast and the slow momentum (RSI) will go positive (as in the yellow box)
2 - the price will retrace back towards the 30ema then will bounce off the 30ema (the green circle), and at the same time, the 30ema will start moving up creating a bottom - the shape in our green circle looks like a "hook" - that's the fisherman's hook :)
3 - super important, while the price is doing "the hook", the fast momentum moves down, maybe even into the negative zone, *but* the slow momentum remains green - the setup fails if the slow momentum also goes negative - we need to have a positive "backdrop" that shows there's a prevailing commitment to the upside
4 - The Entry: you're the fisherman, you have the hook, and now you need to "catch" an entry as low as possible for maximum profit - yes, we will be "bottom fishing" here :). in today's trade, i got lucky and caught the $75.
5 - The Position: once in the trade, we set the target and exit loss .. and back to our regular programming :)
i hope some find this useful - practice the fisherman setup and add it to your arsenal of possible setups or even as a way to validate your good trades and entries
(the fisherman can also be used in catching a good entry for a short, the hook will be the other way around. see if you can identify the 2 other fisherman setups on QCOM since the beginning of March - zoom our the Renko as needed)
good luck!..
QUALCOMM IS A STRONG BUY NASDAQ:QCOM price action has defined a ascending triangle, a strong breakout and bounce after the retest confirms the market structure is in play.
The trade opportunity is to bet long entries from $87- $90 , the measure profit target is at $150 with a stop loss at $80.
this trade idea is validated if price trade below the ascending (green) trendline. it also important to note that this structure is formed on a HTF which will mean a start of a bullish run for this stock
Qcom - Above ResistanceQcom is closing in on all time highs
nice momentum and volume last few weeks
long over 93.35 to 100 area
could go up to 120 long term
QCOM Breaks to New HighQCOM is running up ahead of earnings with a rebound off of a sell down during last earnings season. The recovery is a fast short-term V bottom.
$QCOM Breakout and PullbackI liked how $QCOM broke out from it's down trend line over a week ago. I was waiting for it to hold and pullback then resume it's up trend. It did that today. I've opened a 1/2 position today at $91.42 with a tight stop loss of $89. I'll be looking to add to the position if it continues it's up trend. I my exit this trade prior to earnings depending on how much cushion I have. Earnings on Jan 29. Ideas, not investing / trading advice.
Possible Long Entry QUALCOMM (QCOM) Update 09/01/2020Entry: 87.76
Stop Loss: 85.52
Target: 94.48 or hold
Risk/reward ratio: 1:3
Move stop loss = entry when rr2 is reached
QUALCOMM INC (QCOM), How Support/Resistance Zones works...Just check how the Support/Resistance Zones works and how many times the price bounced from it.
We can make our predictions using such strong zones and trade it properly and safely.
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QCOM 5GWith 5G release imminent, Qualcomm aims to be one of the biggest exporters of this service, behind Huawei. This bullish fundamental analysis is also based on present chart patterns including a bull flag on the daily chart, a clear parabolic uptrend, a LARGE bump and run, a bullish MACD, and a possible break above the mirror top level that was provided by the previous massive bull run. Will QCOM soar?
$QCOM 9ema dailyNeed QCOm above 9ema on the daily before I enter a bullish position. Watch for it here.
QCOM - DAILY CHARTHi, today we are going to talk about QCOM and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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QCOM Asymmetrical TriangleQCOM is developing an Asymmetrical Triangle on the intermediate-term trend. The stock still faces previous yearly high‘s resistance.
QCOM - DAY TRADE Hi, today we are going to talk about QCOM and in a Day Trade opportunity.
We observe a 15m chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above.
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