QCOM34 trade ideas
QualcommTuesday, 15 December 2020
5:23 AM (WIB)
Billions, maybe trillions of times a day…
That’s how often people around the world touch something made better by Qualcomm. It could be the smartphone in your pocket, the tablet on your coffee table, that wireless modem in your briefcase… it could even be that navigation system in your car or that action camera strapped to your chest. Who is Qualcomm, and what do we do? We are engineers, scientists, and business strategists. We are from many different countries and speak many different languages. We come from diverse cultures and have unique perspectives. Together, we focus on a single goal—we invent breakthrough technologies that transform how the world connects, computes, and communicates.
We often do what many thoughts were impossible.
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Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
QCOM - Gap Fill?Looks like we should fill the previous gap up. Maybe we will crash through EMA for quick win. Probably thought things will recover slightly and be flat. Sold -4 QCOM 1/15/21 155/165c for 1.45
LONG QCOM Good R:R = 4.24Expecting continuation of a trend after pullback. Good risk reward 4.24.
This is a pending order, or you can sell $145 PUT options and collect premium regardless of whether it fills or not.
$QCOM8 MA catching up and likely setting up for another run. Potential to move to 165 if closes above 158.
QCOM - Swing Trade opportunity - Follow the trendQCOM - Wait for price to come back to Support(50-SMA) before going LONG and follow the trend
QCOM Long $170Entry trigger $150. Stop loss $145. PT $160 by mid December 2020, and $170 by End of December 2020. Picked up 12/24/2020 $160C. (Republished since last post was set on private)
$QCOM - wedge + consolidation + news = winWith baited breath I wait for QCOM to finish consolidation and for the volume on their news to pay off in a short rally.
Other than being slightly over bought, there is nothing hurting this stock - folks are taking profits and it patiently waits for its turn with the volume.
QCOM 1D RANGE LONG TRADERanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Long QCOM into 153.20Looking at QCOM to test 153.20 again
Following sold old support and resistance lines we've got a projection into my target.
Solid double bounce on the lower trend line, projecting into the purple paralell channel.
Likely resistance at the upper long term trend and the top of the paralell channel.
Looking for a squeeze with volume at 153.20 or a reversal to a lower trend.
$QCOM with a slight bullish outlook following earningsQCOM released its earnings with a positive over reaction, The PEAD projected a slight bullish outlook for the stock placing it in Drift B
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Technical Basics: QCOM Possible Upside Move?Those looking for a simple technical analysis (TA) could revisit the use of trendline. Its one of the most basic tools. As depicted in the QCOM chart, one could find the potential move of QCOM. Trendline 1 could tell the reader its a confirmed uptrend with at least 3 point of touches by the trendline. Trendline 2 is also a confirmed uptrend with the same 3 point of touches. Trendline 3 is a unconfirmed uptrend and could be a weak one as it only have the minimum 2 point of touches by the trendline. The angle of ascend of each trendline may also tell us the sustainability of the trendline. A more upsloping (near vertical formation) would not sustained the upward move. The ideal upsloping or upward trendline angle would be around the 40 degree angle.
The use of trendline not just restrictive to price action, but it also can be used to determine Volume trend. As depicted on QCOM chart, the volume is drying up by the down sloping of the trendline. A break of the down sloping trendline could potentially pushing up the price of QCOM further high.
Beside using trendline to determine the next up or down trend move of a particular instruments, trendline could also be used as a dynamic support and resistance line. As an example depicted by QCOM chart, Trendline 3 currently supporting the upward move of QCOM price action, but if it fails the next dynamic support could be Trendline 2 and Trendline 1. A price action falls below Trendline 1 could signal a change in trend from Bullish to Bearish.
One need to update his/her trendline from time to time in order to accounts for the latest price action move.
Happy trading guys.
QCOM w48 2020. Ready to short from 145 to 132Daily
I do not see reasons and power to go next.
Price should have a rest = corrected
Better to go out to see clear trend.
Open only from levels of SR
Going short
Open 145
SL 150
TP 132
RR 3.35
