QcomThis range is exciting for me, 139.70-141$ is big support. As long as we hold on this cloud we should see a bullish push. Qcom has held in the ichumochi cloud throughout the whole trend. It’s hard to say it would break now so I would Ramon bullish here by Erictaylor1
$QCOM now one of my short term favsQCOM looking to breakout of a symmetric triangle for a intermediate wave 3 of a primary 1. PT will be ~160. Support: AVWAP and 30 week MA curling support below Resistance: between 149-150 is last major resistance holding back the launch to 160 How to trade this: Right now we could still consolidate until early October. Create trendline break alerts and >150 alert. On QCOM breakout wait for slight backtest (strong breakouts dont have to fully backtest, so on breakout all dips a buy). At that point 155c several weeks away could be an effective position to take for the ride to 160. Stop loss would be set under the 149 resistance turned supportLongby btwice531903
QCOM / Flag pattern on a great technical context Today we will speak about QCOM on a range situation that we like the context. What can we see here? - The price is inside a range since January 2021 - Currently, the price is supported on an ascending trendline + relevant support/resistance zone level. - Another important aspect of the chart is that we can see a fully formed ABC flag pattern with great proportions. - If we consider the current ascending channel (which is like an expanding one), we can see the price in the lower range of it. That means that if the bullish movement appears as we expect, we can think of targets on the next resistance level or in the other extreme of the expanding channel. - We have defined an activation level above "B." In general, terms that are the safer place to execute setups (we avoid A LOT of fakeouts) - If the price reaches the activation level and then everything goes as Sh@&t. It's important to know where we will say, "hey is time to leave this idea." That place is below "C." - If the price never reaches the activation level and keeps falling, we will cancel our view if we see a new low - The expected time of resolution for this idea if everything goes as expected is between 30 and 45 days. - What about the risk?: ALWAYS BETWEEN 1% TO 2% (Why are you shouting...?) Because this is the most relevant aspect of trading. You MUST protect your capital, and the only way of doing that is having great risk management because bad times will come, always come, and you need to be ready to absorb those stops like a champion. Thanks for reading, guys! We wish you a great trading week.by ThinkingAntsOk558
QCOM in Ascending Triangle $180 PT If you are looking for a 5G play QCOM is a stock you should consider.This fairly valued company trading at just under 20 PE and a 2% dividend is set to grow its business exponentially due to the roll out of 5G. QCOM is well positioned for the roll out of 5G as they manufacture the leading 5G chip called the snapdragon. Also, the infrastructure bill is a looming catalyst as it would allocate over 7b to the roll out of 5G. Given QCOM is trading in an ascending triangle I believe we will break to the upside as 72% of the time in this pattern there is a break to the upside. My price target is $180 for QCOM.Longby Value-Invest2
Qualcomm: Golden Cross and Inside WeekAfter nine months of sideways movement, Qualcomm may be coming back to life. The main feature on the semiconductor maker’s chart is the “golden cross” of the 50-day simple moving average (SMA) above the 200-day SMA. The pattern occurred last Tuesday, August 24. Next is the price zone around $145. It was the close following a strong quarterly report on November 5 and support through late February. It next served resistance until July 29, when QCOM gapped above on another set of bullish numbers. Since then, it has turned back into support. This level also is also near the confluence of the 50- and 200-day SMAs. Third, consider the descending trendline since the end of July. This creates the potential for a bull-flag breakout if QCOM manages to close above it. Finally, the stock just completed a bullish inside week. That may suggest it’s nearing the end of a consolidation phase and getting ready to move again. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.Longby TradeStation13
Symmetrical Triangle - Watching closelyPersonally am bullish on QCOM here- Approaching the end of a large symmetrical triangle while also sitting right on its 50-day EMA as well as its 200-day SMA (not pictured). Will be looking for a breakout from this triangle (broader market conditions permitting)- Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on PT1- $145.15 PT2- $146.81 PT3- $147.90+Longby jacobosiason7Updated 333
$QCOM | TRADE IDEAI believe QCOM is very under-rated and not seeing much talk about it. This is a beautiful descending broadening wedge forming to conclude wave 4. Please note the increasing volume throughout consolidation as well. A break and hold above this wedge will confirm bullish continuation into a wave 5. Target in the $160 region.Longby StonksSociety6
QCOM.NAS_Range Breakout and Retracement Trade_LongENTRY: 147.34 SL: 140 TP: 161 - ADX<20. Would like to be higher. - RSI<50,RSI<70 - Daily RS -ve - Daily FFI +ve - Daily MACD -ve - Weekly RS +ve - Weekly FFI +ve - Weekly MACD +ve - Breakout of down trendline and gap up with volume on 29 Jul 2021. - Retraced under lower volume until resistance-turned-support level and rebounded with slightly increasing volume.Longby TRADER-WANNA-BEUpdated 2
QCOM: TWO WAYS, GAP UP OR GAP DOWN?QCOM has reached a crucial support zone level and seeing it rebounded with a green candle and RSI turning backup to 50, giving more reasons that it might filled the gap up from $142 to $145 easily with nice volume push. Friday closing was beautiful in conjunction with a good volume, seeing more upside if Nasdaq rallies up this week to $152 a strong resistance. Price/Earnings have been clamped down recently and it will be a good growth stock to lookout. by yflaw10184
QCOMsomething to keep on watch here. QCOM got a positive reaction after earnings which sent it flying on a gap up. Friday was an inside day and has a good shot to fill the gap above to $160. Be cautious, as the las two times prior to reaching this level, it sold off hard. Watch the week ahead and an invalidation would be a daily close below $145.by DabneyUpdated 4
Resistance turn support, bias upside15th Aug 2021 Resistance turn support. Worth to enter. TP remain: $160Longby probabilityta3
$QCOM - Sideway trend or Rectangle breakout. Target $165The stock recently broke out from its rectangle. Target - $165 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice. Longby PaperBozz2
QCOM made a double bottom and is now looking to break!QCOM has been doing well fundamentally with its sales growth more than 30% quarter-over-quarter. Technically it's on a clear up-trend and just recently had a nice pull-back. Looking at the price-action on the weekly, we can see that it just made a double bottom and is now looking to break. What makes this more interesting is that the pull-back used the 10-EMA on the monthly time-frame as support and volume is kicking in. Thoughts: * QCOM made a double bottom and is now looking to break * The double bottom will be confirmed if the price breaks and closes above 144.10. * The measured objective of the pattern would be close to its all-time-highs. Trade idea: * Wait for a confirmation of the pattern i.e. wait for a close above $144.10Longby HaseebKhan_90Updated 2
$QCOM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $QCOM after a Positive Under reaction following its earnings release placing the stock in drift A If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.Longby EPSMomentum114
$QCOM filled gap and made a hammerbullish breakout and retest. semis have also been breaking out and holding the retest $SMH $SOXLLongby kidze3
strategy for QCOM WEDNESDAY 08/04/2021(QCOM buy price 148.00 above) (QCOM sell price 146.00 below) NOTE: in case of bullish opening we will have a gap and go, our trade exit should be in the double top 152.00 to ensure profit, if it breaks the double top our next entry carefully should be 153.00 always wait for confirmation. reminding you there is a divergence between the 5mn bearish and 15mn bullish chartsby RobertoTraderWithoutStress112
QCOM gap fill playQCOM gapped up from recent earnings and then had an inside day setting up for a big move either up or down. There is an enormous gap above from 152-162 as well as a smaller gap below from 146.50-143. Considering the volume on the earnings breakout from the ascending triangle, QCOM is leaning more bullish but can be played either direction. Calls above 152 Puts below 146.50 Longby UnknownUnicorn254774155
Ascending parallel Channel On QCOMAscending Parallel Channel on 3 Support and Fibs Retracement on 0.618.then its conform upwardLongby ThamizheniyanUpdated 1
Potential Dip in QCOM(bullish longterm)QCOM has had a significant gap up in price recently which led it to reach the outer Bollinger Band on the 4h chart. This area on the Bollinger Band usually signifies an overbought area. If it passes through Fib Support to the temporary downwards then that is a great indication of a dip buy. Personally if Fibonacci support doesn't hold, I am looking for the 144 for a buy. I see this potential dip as an amazing buy opportunity to look out for. Bearish Signals -Over Upper Bollinger Band Buy Zone -144by ddcakez0
$QCOM in Ascending Triangle $165 PT The global chip shortage is still nowhere near over, making semiconductor companies very attractive here. QCOM is my top pick of the sector as they dont only benefit from the chip shortage they also benefit greatly from the roll out of 5G. The roll out of 5G will be sped up by US investment via the infrastructure bill which allocates $65b to broadband infrastructure. QCOM’s Snapdragon 5G chip is the most cost efficient chip on the market, which should continue to be in high demand as chinese firm Huawei is still banned in the US and UK which creates market share for QCOM given Huawei used to be one of the largest 5G chip manufactures before they were banned in multiple countries. QCOM has been trading in a clear ascending triangle pattern which historically implying further upside (72.7% of the time), QCOM should be able to breakout of this pattern and move higher. Trading at 20x (FWD) PE and a 2% dividend QCOM is trading at a very fair value, with great growth prospects making it a very strong BUY for me. Longby Value-Invest2
Descending Triangles do not always break to the downsideDescending Triangles do not always break to the downside, especially in a bull market, but this last week has left a chill in the air. Folks are questioning our future economy, inflation and our current leadership's capabilities to help us out of this hole they appeared to enjoy digging. Well now the hole is there, nice and deep. Are they busy grabbing shovels to fill in this hole? Much of the media has helped dig this deep crater I suppose. So now we are like earthworms ..just dunno. QCOM seems to follow the Bollinger Bands on the 20 DMA and one may suppose it is not so volatile as to set the bands on an 80 Daily moving average. QCOM seems to play the 20 daily moving average bands which can suggest a lack of extreme volatility. When QCOM has tipped over the top band/DMA 20/ it promptly goes back within the bands. When it breaks the bottom band, QCOM seems to go back inside the bands. QCOM has pulled back after tipping over the top band, but the bands are contracting. Contraction can mean a break either way, up or down. And it does appear to be a descending triangle. Tough one. Double bottom with almost a triple bottom so it appears the bulls will not let price go lower than this, for now anyway. I see support above the bottoms but we all know support levels can be broken. I own this so I hope not. I do not think Mr. Market cares what I hope though )o: There is just no way to know for sure, but I put the targets up anyway...lol..I may be sorry. Use your own judgement on this one, and a conservative trader may wait for a break closer to the bottoms. A short trader may be banking on this to go below the bottoms or to the prior bottom. Short interest is very low. Negative volume is very high. I am positive on QCOM even though what I wrote sounds a bit dismal. I just have the feeling everything may be a struggle for a while, so I am digging in on stocks I believe in with decent dividends. Monday may be a sunny Monday (o: A break of the top trendline can be a bullish signal. QCOM has struggled there for a few days. It is amazing how support and resistance really do exist, almost like concrete sometimes. I have learned not to ignore S&R levels from many years ago, as they can come back to haunt you. If this does break the top trendline of the triangle, there needs to be a confirmed uptrend. No recommendationby lauraleaUpdated 556
Pre earnings trade QCOMLooks like QCOM is providing good financial results while this triangle has been built. Let's see if the current resistance could be broken and the bullish trend can continueLongby masiaroa0