Ranging BullHi guys. I'm seeing a ranging bull in this high volume stock. Expanding with range. Plus had some unusual options activity lately (you can look it up :) and have a nice day.
QCOM trade ideas
QCOM - Long term swing trade?Big double bottom on the monthly chart and looks like a really nice long term bullish swing trade here.
The current position of the symbolThe current position of the symbol (support and resistance ahead)
Without forecast
Is there a light at the end of the tunnel?Qualcomm is an American multinational company that designs wireless telecommunications products and services. The company designs chips, which are widely used in the production of smartphones.
Mission Statement: “Qualcomm defines sustainability as a strategy that drives long-term growth and profitability by including environmental, social and corporate governance issues in their business decisions as they relate to the key spheres of influence: workplace, supply chain, local communities, industry and the public policy realm.”
News flow: In January 2017 Apple Inc. sued Qualcomm Inc. and filed a $1 billion lawsuit in an American court. A court document cites a claim on patents and registered designs. After this Qualcomm’s stock has fallen for 19%.
Qualcomm has published a report for the third quarter of fiscal year 2017, which ended on June 25. According to the company’s CEO, Steve Mollenkopf, the results appeared to be better than expected.
Total revenue grew from 5.01 billion US-dollar in second quarter to 5.37 billion US-dollar in third quarter. That represents an increase of 7%. However, total revenue is 11% less than in third quarter of 2016.
Based on 15 analysts offering 12 month price targets for QCOM in the last 3 months:
The average price target of 61.96 US-Dollar
The maximum price target of 70.00 US-Dollar
The lowest price target of 55.00 US-Dollar
Today Qualcomm’s stock price is about $52.50 a share, which means it is recently below the lowest price target.
Fundamental Data:
P/E: 13,76 / Dividends: 2.02/3.82% / Revenue Growth Rate: -6.83% / Net Income Growth Rate: 8.23% (Source: teletrader).
Chart Tools:
What say the technical analysis methods I use?
The risk management tool used here is the own-developed “Traffic Signals System” (TSS) and it will be implemented in my future analyses.
The black line in the chart: the starting price of the idea is 52,5 US-Dollar.
The red line in the chart: the stop loss is lying at 50,5 US-Dollar.
The green line in the chart: here for me the first further turning point in the idea = first goal at about 54,5 US-Dollar.
Oscillator: The RSI of Qualcomm values of approx. 65 and forwarding to overbought territory.
Preis indicator: The stock price is below the SMA200, which could suggest another barrier at approx. 55,4 US-Dollar.
Trend indicator: MACD (Moving Average Convergence/Divergence) is still in the positive zone, the trend is rather neutral and therefore for me the MACD is neutral.
Conclusion:
Fundamentally, despite the conflict with Apple, Qualcomm was able to increase their quarterly revenue. News-based data provided by observed analysts the lowest recent price target is still above the actual price. Chart-based data shows a broken downward trend (trend channel in the chart), which could be reversed to a new upward trend (green arrow in the chart).
Main parameters of the idea:
Parameters of the idea Start price: $52.50
Current price: $52.50 (0.00% off the start price)
Stop Loss Actual: $50 (-5% off the start price)
Take Profit: $70 (new highest price target)
This idea has been running since today.
Both Wikifolio's, UMBRELLA (www.wikifolio.com) and FuTureUS (www.wikifolio.com ) can be invested in Qualcomm.
“Disclosure: The trading ideas published here are neither to be understood as a recommendation nor as an offer or an invitation to buy or sell financial instruments and should not be understood as such.
You must also assume that the author holds the recommended position in his portfolio and benefits from the implementation of his trading ideas.”
Qualcomm Inc. $800 Million FineQualcomm (NASDAQ: QCOM) was recently hit with a NT $23.4 billion ($774 million) fine by the Taiwanese Fair Trade Commission (FTC), which claims that the chip maker unfairly manipulated prices and intentionally hampered its competition. This represents the commission's highest ever fine since its inception in 1992, and marks a big setback for the company in Taiwan, its third largest market after China and South Korea.
Analysts expect the ongoing pressure on its licensing business to cause its earnings to fall 6% this year and another 18% next year. If more governments fine Qualcomm and OEMs follow Apple's lead and suspend their royalty payments, those bleak estimates could still be too optimistic. That bottom decline could eventually cripple its dividend, since its payout ratio soared as its earnings fell:
Leo Sun, The Motley Fool
Motley FoolOctober 14, 2017
For rest of 2017, will be selling either stocks and/or options, per above information. Please do further research, if you are buying/selling Qualcomm.
*At this time, I expect $45.00 will be next resistance, per higher time frames of weekly charts. Good luck
QCOM Sort OpportunityAn intraday (4 hour time frame) hight potential, BackTested SORT Analysis.
A BUTTERFLY SORT PATTERN
NOTE: ENTRY RANGE AREA ABOVE THE ENTRY POINT, IS CALCULATED UPON 80% OF THE RECORDED PULLBACK BACK TESTED PAST PERFORMANCES
DETAILS ON THE CHART
DISCLAIMER: THIS IS A TECHNICAL ANALYSIS STUDY, NOT AN ADVICE OR RECOMMENDATION TO INVEST MONEY ON.
QCOM shares will rise...QCOM shares will rise. The share price movement has completed its correction. The current 51 usd level is suitable for a long entry. I note that analysis is a month. The share is not exciting, but a year, 40% of profits are available. The first part of the upward wave that is emerging can last approximately 70 usd. Then I expect a correction of about 10-12%. Then another rising wave, the size of which is almost the same as the previous rise. The second target price will be close to 90 usd. But this is a 3-year perspective.
