QCOM34 trade ideas
QCOM BUY OR LONG , TARGET UP TO $122QCOM surpassed the established set (Gap big) and the volume was very large, showing a strong determination to raise
prices, I conducted "OPEN LONG", the model took a target equal to 80% of the V-shaped height .
Normally this pattern I will measure Target as SHS Pattern or Cup and Handle Pattern.
QCOM buy : $105
QCOM target : $120 +-2
Stop loss : 10%
Wish you good deals!
just like we did with SQpretty similar breakouts to SQ/FB., very high probability of profit on calls. im in heavy :)
Qualcomm Surpasses Consensus Estimate; Posts 8% YoY EPS Growth IQualcomm Surpasses Consensus Estimate; Posts 8% YoY EPS Growth In Q3
themarketsignal.com
The parabolic SAR of Qualcomm, Inc. (NASDAQ:QCOM) is $91.46 and QCOM is trading above this point. The stock appears bullish. Qualcomm has seen an upward trend throughout the week. This can be attributed to its Q3-2020 earnings, which surpassed expectations. Another key factor is its long-term agreement regarding a patent with Huawei.
Qualcomm’s Q3-2020 non-GAAP earnings per share came in at $0.86, beating consensus estimate of $0.71. The EPS went up 8% on YoY basis. In the third quarter, the company generated $4.89 billion revenue versus $4.8 billion estimated. Revenues remained flat when compared with previous year.
Qualcomm is eyeing benefits from 5G network in the months to come. It has also additionally issued stronger forecast for its next quarter.
Qualcomm Elliott Wave Theory Perspective UpdateDo not ever Forget the content on all of our analysis are subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Nothing on this video constitutes a personal recommendation. Seek independent financial advice from licensed professionals If you need it.
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AVOID TILL CLOSE ABOVE 113RSI INDICATES OVER BOUGHT AND BOLLINGER BAND SAYS THAT ITS TREND IS INTACT FOR UPWARDS.
Buy above if closed 113 levels
Target 120-122
SL 106
STILL ROOM FOR UPSIDESuper Bullish on the daily Ichymoku especily if the Tenkan sen line can stay above the kijun..
Its overbought in the Stochastic and rising on the MACD however still room to grow on the upside but also still needs to fill the huge gap from $93-$100..
I think it will continue up and probably hit around $115 before being exhausted then make its way down to fill that gap.
QCOM SnapbackQCOM is overbought on stochastics and over bought on the bollinger bands. QCOM reported earnings causing price to skyrocket upward, but now it has showed weakness with running 4% off its highs today. I expect this to pullback to $102 level.
QCOM time to fly higher?Qualcomm expects to generate an estimated $1.8 billion in revenues. The company is poised to record royalty revenue from Huawei starting in its fourth fiscal quarter.
Looking ahead, Qualcomm provided guidance for fourth-quarter adjusted revenue to be in a range of $5.5 billion and $6.3 billion, versus analysts’ estimates of $5.78 billion. EPS in the current quarter is forecast to be in a range of $1.05 to $1.25. The guidance includes an impact of greater than $0.25 reflecting the reduction in handset shipments as a result of COVID-19, including a partial impact from the delay of a 5G flagship phone launch, the company added.
“As 5G continues to roll out, we are realizing the benefits of the investments we have made in building the most extensive licensing program in mobile and are turning the technical challenges of 5G into leadership opportunities and commercial wins,” said Qualcomm CEO Steve Mollenkopf. “We delivered earnings above the high end of our range, continued to execute in our product and licensing businesses and entered into a new long-term patent license agreement with Huawei, all of which position us well for the balance of 2020 and beyond.”
Qualcomm said that during the third quarter of fiscal 2020, it returned $843 million to stockholders, including $733 million, or $0.65 per share, of cash dividends paid and $110 million through repurchases of 1.6 million shares of common stock.
Shares in Qualcomm have recouped all of this year’s earlier losses and are now up almost 6% year-to-date.
$QCOM Todays Earnings is Qualcomm's big moment
Can 5G finally push QCOM to its old 2000 highs?
The stock has struggled to get the attention of investors, but has
slowly climbed higher in 2020.
The stock is currently within a nice channel as earnings approach,
the bottom of the channel could be used as a possible stop loss.
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Soon!!! New high for QCOM.ICEBERG!!! Hard to break it... The formation of the base is a sign of new high soon.
Cup and Handle Just Fell from Small Rising WedgeSo hopefully it won't fall much firther as QCOM was in a small wedge
Earnings 7-29
I do own this stock but this is not a recommendation
$QCOM Breakout Setup for Qualcomm
Possible entry on move to new highs at approx $95.00
Upside target $109
the 5G trend should be a big boost to QCOM
Qualcomm sell signals on D1.Qualcomm, daily timeframe: Resistance level + 2 Hanging Men + Divergence
V BottomQCOM is one I have owned since the bottom. Gr8 dividend payer and for me it is a keeper. V bottom and possibly formed a handle there, so may say it is a cup and handle. Either way break out is the same
Earnings 7-29 AMC
Possible pull back to 87ish or 88ish so I plan to buy more if this happens. The stock is in a small rising wedge which it may or may not fall out of. (Rising wedges happen often in bear markets) I do not feel we are in a bear market but it is true we went down awfully quick and many stocks went back up like a lightning bolt! Rising wedges can form when folks get a little too excited (o:
I do not have a stop and I know that is a NO NO..lol but if I did it would be very loose at 74ish as I plan on keeping this one. If I was buying this short term, I would place my stop at gap down from before Corona Balona.
Good luck. I do own this stock but do not mean to recommend it to you. Be safe
QCOM: Expect the bulls to win the $92.0the bulls have been very persistent with QCOM. it took more than 4 attempts to break the $81 and the $89.
next we should expect to breach the $92, maybe today by market close (that would be great), maybe Monday? we have good tail wind and positive/green sentiment - but the current short term move is not yet a fully formed uptrend (on the 1hr and Renko views)
let's keep watching. Projected target of $98 by Wk4 July still holds so far.
thoughts?
QCOM Breakout IdeaQCOM looks prime for breakout to $100+.
Volume Profile since November gap up forming base at $90 as launchpad. Moving Averages stacked. Lots of taps at this resistance, not going to hold much longer imo.
V BottomQCOM seems to be pulling back it would appear and solid support looks to be at 78 and 80 (ish)
QCOM looks to be in a rising wedge right now and could fall out.
Breakout from a V bottom would be over the prior high so possibly at 97.2. Due to stocks often pulling back when they reach a high as of late, unless the stock is SQ or PYPL, ETSY etc.. LOL..definitely do research and adjust accordingly.
Targets would be 120 to 126, then second targets would possibly be 143 to 155
I like this stock and feel it is a keeper. I have owned it since close to the bottom and plan to buy more when the time is right
QCOM Massive Fractal Breakout5G architecture / devices rolling out to the end of the year. Tech as a whole heading to its second bubble. It would only make sense QCOM is one of the leaders of the rally.
