How to Trade Three Outside Down PatternsHow to trade three outside down patterns with entries and stop levels.
QCOM trade ideas
Accumulate for long termPrice is testing at Fib 0.618 just right above the up gap.
Stoch and MACD oversold, a short term trade to fill the down gap with potential 8.19% return is possibe too.
I would nibble some for long term.
Levels to day trade QCOMQualcomm said in September last year that its automotive business "pipeline", or potential future orders, rose by more than $10 billion to $30 billion since its third-quarter results were announced in late July, as automakers increasingly equip their cars with driver-assistance systems.
The company, which has credited the jump to its Snapdragon Digital Chassis product, competes with Intel's Mobileye Global (MBLY.O) and Nvidia Corp (NVDA.O) for that slice of the market.
2000 vs 2020 Tech crashesQCOM was the hottest stock of 1999, and had a similar fall from grace as the biggest tech names of the time, if not faster. Some of the top tech stocks by market cap were: MSFT, CSCO, INTC & IBM
I believe in a 2-3 year bear market, but we are pretty close to 2000 levels in a lot of major Tech stocks already. A lot of people wanna sell it to the floor as fast as possible, but that's not what the bear market really looks like. It's the white box.
M Pattern2 touches to the 1.113 and at a support level today once again.
A Pocket Pivot (smart money footprint) noted at the 1.113. Nice to see a PP but these can fail to provide support as smart money is not always right and another firm/rich guy with bigger feet may sell a butt load of shares the same day or the next. (o:
There is an old gap not far below price (look to the far left) that could fill or provide support.
Strong stock but I am possibly overly cautious/concerned that the 1.113 may fail so I am watching this. Leg 2 terminated at the .786 or close to it which fills the bill for a butterfly pattern that would dip in to the old gap up and should terminate near the 1.272. Peak 2 is lower than peak 1 in the crooked M pattern.
Patterns have been failing as of late so I do not count on anything as of late except take a profit faster than I used to.
I will revisit this.
No recommendation
QUALCOMM Stock Chart Fibonacci Analysis 032923Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 123/61.80%
ABC/DTarget 1 has been met but I just re-evaluated this chart.
The target is D. Possible stop below C.
No recommendation.
ABC patterns are a common measured move and can be bearish or bullish.
Resistance trendline overhead.
Price is above the .618 of the trend up since the Covid low, and it appears the 50% level is causing some resistance
QCOM in a bearish trend channel🥶break of 115 will lead to more blood, break of trend resistance/120 and we may see a rally.
Boost and follow for more. thanks 💛
QCOM // Fibo 0.236 and 106.95 attention.We need to hold on the Fibo 0.236 level. Our second support point is 106.95. Those who want to buy from the resistance should look for a wedge close in the daily time frame. Pay attention to the weekly wedge resistance.
QUALCOMM Stock Chart Fibonacci Analysis 022823Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 123/61.80%
Descending TriangleCup and Handle noted that did not reach full targets.
All triangles are neutral until broken.
This one is a descending triangle as the bottom line is flat and the top line slopes down.
No recommendation/There is a window below price that can serve as support
$QCOM with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $QCOM after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 54.55%.
QCOM Setup for LongQCOM 1H Setup
1- Down trend broken and now the trend is up
2- currently price is in channel but expected to break and come down
3- next support is: 131
4- Next Resistance is at: 142
5- Entry Zones are
- Zone1: 135 (current price)
- Zone2: 132
Qualcomm stock and best entry pointsI will be intereseted to aquire this stock if it reaches 55-70 level or less.Not before that. What do you think?
Qualcomm Inc (Long)Qualcomm Inc
Long
Entry at 131.03
Take Profit at 142 (8.32% profit from entry)
Stop loss at 125
QCOMThe pressure against money markets has been declined since the actual inf. data is approximating the expected inf. data. Avg cost is 115 usd.
Not an investment reccomendation.
QCOM Week of Jan 23rdNot much of a QCOM trader but these probs were interesting and felt like sharing.
Earnings release coming up in 2 weeks, so be mindful of that.
Overall, the chart looks pretty bullish, imo.
I am long on it, 100 shares and 2 calls (was 5 calls and 150 shares but locked in some profits at market close on Friday). AVG 120.11. TP is that green box.
Save trades everyone!
In a sea of red there still some bulls standing Just talking walk down wall street AKA the HeatMap looking at a sea of red I notice a small pace of green as i zoomed in long behold it was QCOM as i started my top down analysis i seen it was breaking its down trend as i made my way to the daily chart i stumbled upon a Cup & Handle at the neckline looking ready to take off any moment with a measured move of 17 points if it fully play out so that's a very juicy target for trades to pass up !!!!
Qcom 88 gap closeIf you zoom out you'll see a H&S pattern and the wedge I've outlined is the right shoulder ..
Right now we are currently around the neckline of that H&S
I've said this before in my post that unless support is broken on thar right shoulder, it could turn into a wedge; I've learn that lesson the hard way!!.
Qcom has earnings early February. I think between now and earnings we start heading towards that gap close.
Of course there is a major squeeze going on in the market right now but as long as Qcom stays under 130 I like this play.. B+ setup
I'll be buying Feb 17th 100P.. I'll let you know Via tweet when Im in...
Qualcomm play . Hi,
Definitely risky one.
As you can see very wacky chart and price move . over all shooting for 107 area.
Playing this one short by end of the day based on news .
Martch 17 . 100 Puts .
QCOM Classic Bear Flag breakdownTextbook continuation pattern playing out. Prior break on weak earnings was quickly brought back into the channel where it has remained. Continuing this downside break sets to target 94 to fill an old gap left behind
