QCOM 5GWith 5G release imminent, Qualcomm aims to be one of the biggest exporters of this service, behind Huawei. This bullish fundamental analysis is also based on present chart patterns including a bull flag on the daily chart, a clear parabolic uptrend, a LARGE bump and run, a bullish MACD, and a possible break above the mirror top level that was provided by the previous massive bull run. Will QCOM soar?
QCOM trade ideas
QCOM Gap Fill ReversalQCOM previously gapped up and then retraced back down to completely close the gap. It has now broke that resistance of where the previous gap started in the daily chart. I expect QCOM to continue to push up to where it gapped up to in the first place around the 90 level. Got into this stock at $86
QCOM- Possible retestAt 79-80. Negative MACD restrengthened on 4 hr and daily.
Daily MFI at lowest since April, while Accumulation at lowest since September.
Bull case: Recent gaps are filled, MFI getting close to oversold, RSI on its way towards oversold.
Bear case: Retest to 79-80 entirely possible with restrengthening of negative MACD on higher tf. 3 day and weekly MACD looking to possibly go red in the next week or 2.
Waiting on more candles to see if a pattern emerges on that down trend in black.
Not advice. DYOR.
QCOM - DAILY CHARTHi, today we are going to talk about QCOM and its current landscape.
We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above.
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