QCOM trade ideas
the b[AI]te's weekly insights -- QCOM 2021-02-08center stage attention
stock
our system found that QCOM received most attention over the course of last week.
comment image
we see a strong negative correlation with our image indicator. We therefore assume that prices are driven emotionally and might not reflect an accurate picture of the companies current state of affairs.
new free tool
we launched our new free analysis tool. Check our website and test it out!
new free and powerful data API
you can now access our data via our free API . Check our website and test it out!
FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
Short before LongGood financials, recent earnings was solid. Recent sell off due to profit taking and some media drama.
www.cnbc.com
www.themarketsdaily.com
Seeing this hit the bottom of the channel and anticipating a nice bounce back to the top.
**I really hope that this doesn't go sideways like AMD ....
Qcom dipped 10% down after earnings but beatGreat company and they beat this Quarter and the 3 prior Quarters. Nice Revenues, low PE ration, and a nice EPS. They only dipped because of some further looking difficulties.
$QCOM with a bearish outlook following its earnings #BeststocksThe PEAD projected a bearish outlook for $QCOM after a negative under reaction following its earnings release placing the stock in drift D
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.
Qcom gap fill maybe? channel respectedQCOM dropped heavily today after investors being disappointed with Qualcomm's 5G expectations. Even after a heavy correction of 10% from two days The price action with in QCOMs channel is still being respected. This might be a great opportunity to buy the dip, But I will wait because the price might want to fill the following gaps the stock made a few months back. While I highly doubt we might see QCOM drop to 100 in order to fill the gap, anything can be possible since we might see a correction on the overall market pretty soon. two things that I am looking for.
1. I want to see if qualcomm stays with in the channel tomorrow or if it will open down below it showing a bearish signal.
2. even if it does bounce up from here I would be cautious of a possible bull trap.
$QCOM 143 is keyThe company just broke a very long term channel and is about to test a very strong support @143.20 that coincides with the golden reversal ratio .618. If the company reaches this level expect a jump back to 160
Next supportTanked on earnings and fell out of its channel. if 143 doesn't hold , 129. gap close is next strongest support
QCOM Long Opportunity, see chart for Trade SetupThe stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.03% during the next 3 months and, with a 90% probability hold a price between $167.74 and $192.40 at the end of this 3-month period.
QCOM short strategy supply zone$QCOM trading inside a weekly supply area. Due to earnings allow it room to move. If price moves above weekly supply area then exit strategy.
Traditional|QCOM|LongLong QCOM
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to work out the resistance level of the local consolidation zone.
* Possible closing of a trade before reaching the take/stop zone.
+ Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
The red zone - the stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Orange arrow - the direction of take.
Blue arrow - neutral scenario without activating the trade.
The red arrow - the direction of the stop.
ULTIMATE STOCK INDICATOR combined with PITCH FORK $QCOMBUY SIGNAL flashed with 7 confirmations (not 8, which is max)
- staying within upward trend.
- pithfork brings the price at lower end and holding support.
- earnings runup should bring it past ATH.
- keep your stop-loss narrow since any negative market will break down trend.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
Channel tradeQualcomm just bought out Nuvia and they must've got me cheap cause they are roaring premarket.. Qcom has been trading at the lower end 9f the channel since apple announce they would be ditching Qcom chips in the near future. This buy out of Nuvia might just get it back over that divider.
Targets/green lines
156.54
161.04
QCOM BullishJust getting my idea out here - QCOM looks like it is picking up some steam and could be a good bullish pick. Based off of price action and technical indicators. Tradingview rates QCOM as a buy.
