$QCOMTwo plays here:
1) Wait for breakout and retest of 72 level (200 MA) and aim for top of triangle
2) Short the Golden ratio / top of triangle. Trim at every dollar.
QCOM
Meeting with tech executives on Huawei ban at White House - NewsReported by Reuters
White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd , two sources briefed on the meeting said on Friday (July 20th).
Treasury Secretary Steven Mnuchin will also attend the White House event, to which chipmakers Intel Corp and Qualcomm Inc have been invited, the people said.
The subject of Huawei was expected "to come up but that it is not the reason why they are convening the meeting," said the official, who spoke on condition of anonymity.
The future of U.S. companies' ties to Huawei, the world's no. 1 maker of telecommunications equipment, remains uncertain after the Trump administration put the company on a blacklist in May, citing national security concerns.
One of the people briefed on Monday's meeting said Broadcom Inc was also invited to the White House event. Microsoft Corp was also expected to receive an invitation, the person said.
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*We could possibly see some volatility this week with this meeting.
Daily QCOM price trend prediction by Supply-Demand strength.26-Jun NASDAQ:QCOM
Price Forecast timing analysis by pretiming algorithm of Supply-Demand strength
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 2.4% (HIGH) ~ 0.0% (LOW), 1.6% (CLOSE)
%AVG in case of rising: 3.7% (HIGH) ~ -0.1% (LOW), 2.7% (CLOSE)
%AVG in case of falling: 0.7% (HIGH) ~ -1.9% (LOW), -1.0% (CLOSE)
Price Forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
QCOM stock price forecast timing analysis.14-JunStock investing strategies
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: Strong buy as Rising section of high profit & low risk
Supply-Demand(S&D) strength linkage Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's Supply-Demand(S&D) strength Flow: Supply-Demand strength has changed to a strengthening selling flow when stock market opening.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 3.2% (HIGH) ~ 0.2% (LOW), 2.3% (CLOSE)
%AVG in case of rising: 3.5% (HIGH) ~ -0.2%((LOW), 2.5% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -2.0%(LOW), -1.1%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
$QCOMPossible break out coming for $QCOM. Looking at this stock there are three resistance lines. If it breaks through the first at $71.67 (+2.5%) we can see a nice run to around $79.12 (+13%) and best case scenario up to $86.45 (+23.5%). Look to buy now and sell when it bounces off one of these resistances. MACD indicating that there’s momentum going into the stock and RSI is showing that the stock isn’t over bought. Definitely has some room to run.
QCOM - Long for mid BB testMorning traders,
QCOM has taken a beating, and looks like alot is flowing back into semi's today, if SPX can re-take 2766 we're looking at a potential full bottom reversal with alot of upside potential on this one.
Currently long june 7-21st calls targetting 71-75 zone
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Qualcomm to drop by 15% ? Possibly even 25-30% within the year?Qualcomm overall is a solid company and usually performs bullish in the longer holding time frame..
BUT....
I have seem to come across some shorter to mid time frame bearishness.
First I' noticed QCOM forming a Head & Shoulders with weak looking shoulders that decline from the L.shoulder over to the R.shoulder. A gap also occurred from the L.shoulder over to the R.Shoulder within the same price region showing weakness here.
On Balance Volume shows that there are low exchanges of hands and could be signaling weak buying power and a sell off to come.
OBV to price also shows a Bearish Divergence.
Last but not least, we seem to be in the process of forming a descending triangle (iHVF) with flat bottoms and that is low slung.
Only sign of slight bullishness would be in the weekly time frame in which QCMON is bouncing within a channel that we seem to be within the bottom region of. QCOM has exited this channel before but usually tends to be extremely volatile when done so. Could this be a sign of another series of hyper volatility and a hint of the temporary health of the overall market?
QCMON to see around $48 soon and possibly even mid $30's within the year
QCOM - Great RR setup, 20% zipper in coming monthMorning traders,
On mondays open I plan on opening a middle June to end of June put spread on this asset. Let's dive in.
1) Weekly shows signs of clear exhaustion and indecision, we have a doji print.
2) RSI is exhausted and printing downwards
3) Slowstoch is at the peak and is bearishly crossing
4) VFI has flattened out, likely the high of this move with downside coming next week.
5) MACD is bullish, but expecting the first negative tick next week.
6) Stoch RSI shows it's about to correct.
With a RR of 3.76 and a 19.53% potential return, this is a juicy short. Last week QCOM had the highest amount of shorts opened, and I expect that to continue once it gets going.
I'm targeting the major support zone which also coincides with the 0.618 @ 69.03
China news can propel this thing at any moment, so it should be an interesting, and profitable week.
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APPL - still bearishThe market was rescued this morning following "There's still hope!" tweet from our President.
Looking at the 15 min timeframe, you can see the stock gained some bullish movement but it's still quite bearish.
Note the price is below both the green and red lines.
$195 target for 5/10.
QCOM - ShortAfter a very impressive 50% plus price gain following QCOM/AAPL dropping their beef, the price now looks primed to short.
Sub 80 by end of this week or next?
Odds look good!
MOONSHOT - attacking the most violent stock on earth!Qualcomm is probably the most violent stock on the planet. The resent trip to the moon was a result of the signing of a truce with Apple (APPL). Apple - the giant - had sued Qualcomm for $30 billion in an overcharging dispute. Qualcomm had fired back with a paltry $7 Billion counter-suit for lost payments. They settled their dispute and investors went into a frenzy.
But have a look at this chart on any time frame. It's not just about the recent lawsuit. I've never seen such volatility before, in all my years.
So - how does one exploit this. Volatility is supposed to be essential to making money in markets - right? Errrh.. so why is this one gonna scare a lot of people?
The problem is in finding entry and exit positions! Those with keen eyes, have a look at the amber ATR indicator. Nearly every time there is a Grade A trend switch, $$ should flash in your eyes! It then becomes simple. The trend could decide your entry and exit points! No predictions!
Now the challenge is to find a suitable trend switch on the recent moonshot! Note the folly of shorting on ridiculously high or low RSIs. On this chart the RSI peaked most recently at 95.
QCOM: Pro traders' end of day reaction to AAPL newsThe huge candlestick yesterday was NOT HFT activity. A run occurred toward the end of the day, driven by pro traders who received early news regarding the settlement of a 3-year lawsuit with AAPL. Pro traders initiated the end-of-day run and smaller funds’ VWAPs triggered to continue the end-of-day run on high volume.
QCOM - LongTRADE IDEA
Long Entry = 53.59 (if it hits before breaking out)
Target 1 = 54.40
Target 2 = 54.71
Target 3 = 54.98
Stop loss = Daily close below 53.59
Trade is invalid if it drops to support based on bad news.
QCOM...Critical level approachingQCOM is a company I respect dearly, but as traders we must be able to emotionally detach ourselves if necessary.
Tomorrow is an earnings announcement for the chip producer and will provide a clearer picture of where the current price level may go. The $50 zone is critical and a brake below $48 dollars can spell trouble for bulls. The $45 zone is the last hope before complete capitulation.
Should we see an upswing, I suspect resistance @ the $54 zone.
Personally, I see an upswing very unlikely from a technical perspective.
QCOM has been battered on the fundamental front, including a contested buyout by Broadcom, which was ultimately denied by Trump, an FTC lawsuit challenging its patent based business model, and a bitter dispute with Apple, which left Apple seeking Intel as a chip supplier. The FTC lawsuit wrapped up earlier today, and the final result will be the driving force behind future price action.
In summary, the future doesn't look bright technically or fundamentally for the company.
QCOM BUY - STRONG SUPPORT AT 50.00 AND RSI OVERSOLD (DAILY)QCOM has shown strong support at the 50.00 level and are now looking to bounce back up. RSI oversold and parabolic SAR has moved below = BUY!
Will QCOM go tits up? TARGETS $42, $31, $25This company is a trainwreck. If the ABC plays out on major indexes (see my ES1! chart), we could break the $50 support here around end of March. Puts under $50 are gonna make millionares by 2020.
Qcom -Qualcomm LONG signalBullish divergence on 2 day tf and lower, 12h and 4h even 5 min, the buy zone represent a strong historical support, buying price and target 1 at the chart
Taiwan Semiconductor (Reversal)TSM is moving towards a key resistance level which could in-turn create a reversal. That level is just under $39.00. Big tech companies are anticipating the release of 5G, so most if not all mobile devices will have capabilities and Qualcomm which is a customer of TSM will be producing a lot of chips.
QCOM Earnings: Test of 2-year ResistanceQCOM looks like it wants to test it's 2 year support at the $50 mark. Secondary support is somewhere around $43. QCOM is coming off of a finished head and shoulders pattern, making its D leg downward. Typically a D leg is finished by a sharp reversal. In case of negative earnings, QCOM will likely drop well below the $50 support and have a sharp reversal upward. If earnings are positive, QCOM will likely bounce off the $50 support and make a less drastic reversal upward. Fisher transform also indicates the potential for an upward reversal. With QCOM's extreme debt levels, the FED put will serve them well going forward.
