Qcom pennantPennant that could take us back to 122 gap resistance.
I like calls above 111$
110.00$ stop loss
1st target 116
2nd target 122
QCOM trade ideas
QCOM intraday outlookJust posting to look at later. Macro trend is bearish. Looking to see if price will continue this short minor pullback as depicted by the arrow. I think we will if we stay within the green range.
QCOM Continuation Play [PUTS]Here is a strong down trend proceeding a channel break to the downside. An Inside Bar/3 Bar Play has formed on the 4h at close giving an opportunity for entry below the low of the inside candle. Can expect (but not guarantee) another leg down to follow up the current consolidation to possible test and or fill the gap below.
QUALCOMM could make a hard turn?NASDAQ:QCOM Price may potentially undergo a significant reversal, particularly upon reaching the key demand area that has witnessed multiple retests in the past. It's a straightforward interplay of demand and supply dynamics.
Calls ideaJust bought some calls:
Exp 09/01
Strike 111
Price is accumulation just above a strong pivot point. If history repeats, it could make a nice bounce up.
($QCOM) Qualcomm: Hanging Cliffside...QCOMM chips will be highly implemented into the newest iPhone 15, they are the largest US chip company with exposure to china, and earnings/revenue are forecasted for continued growth into Q3 2024, so whats the problem?
Since March of 2022, Qualcomm's weekly 50 simple moving average had turned from support, to resistance. When the 50SMA of QCOMM had become resistance, it had been retested 3 times with most recently this past July. Each time, we had seen continuing lower highs, and a final base low in late October 2022 creating a demand zone between $101.50 - $107.
After the most recent rejection of the weekly 50SMA back in January 2023, our demand zone cemented itself as of May 2023.
With the demand zone of $101.50 - $107 now having been tested twice as our weekly demand zone, there was an expectancy of yet another retest of the 50SMA... That time has just recently passed this past July.
Now that the 50SMA had been rejected yet again, followed by current price sitting at the volume point of control (dotted white line), there looks to be an imminent retest back to our demand zone.
In addition to these technical indicators, there are a few fundamental and economical challenges ahead. China is on the borderline of deflation, there is a massive global credit bubble, and the Biden administration is currently in an unofficial trade war with China on chips by limiting exports of chips to china constraining global sales. Not to mention the fact that NVDA is at a 40x price-sales ratio, Qualcomm may get caught in the crossfire of these looming factors.
QCOMM Long EntryThis is at a huge discount. Buy and hold. Calls will print as well.
Use a stoploss please or average down. Thanks.
Bearish Alert : QCOMGreat Bearish action on top of this wave.
A healthy pullback should start soon.
Possible trigger below $129
Earnings watch 8/2/23 post-marketEarnings watch 8/2/23 post-market:
Here's a quarterly view 24hr ext comparison chart with the tickerTracker MFI Oscillator.
QCOM
PYPL
SHOP
OXY
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HOOD
MELI
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ETSY
APA
Breakout and Go Up to 150Qualcomm NASDAQ:QCOM has broken out the descending trend line acts the resistance
QCOM might go up to 140 further 150
Wait for a retest to join the AI's race
QCOM - earnings300723
- if it stays above TL, we go for the upper edge of the channel
- the potential is 141
- I will consider buying a call option 🧐
Triple Bottom BreakoutLooking at some upside on NASDAQ:QCOM after it's completed a triple bottom pattern.
If it breaks out, looking for a target of $180
The stock has an additional bonus - sporting a ~2.5% dividend.
QCOM 2H 2023 3D chartKeeping an eye on QCOM as it tries to break out of its multi-year down channel.
Keeping an eye on that 131 area, but considering past-earnings and the hype on semis, this could follow closely with INTC, if the market continues to avoid selling off.
Qualcomm $QCOM | Bullish Falling Wedge BreakoutNASDAQ:QCOM continues pushing to the upside since breaking out of a bullish falling wedge pattern (RSI divergence confirmation).
The current bullish wave has developed within a flag structure setting higher highs and higher lows.
Pay attention to how price reacts at the upper resistance of the flag.
1) If price manages to breakout above the upper resistance of the flag I expect it to continue to ~$132.
2) If, however, price cannot manage to break above the flag resistance we may see price test the ~$105-$110 area which will provide an alternative buying opportunity.
I will update as price action develops further.
QCOM, a long journey aheadDeep watch QCOM.
A breakout pivot point (many resistence here: key level, neckline, trendlines, etc)
If QCOM overcomes this successfully, QCOM will be a potential stocks in the future.
Wait and see!
Qualcomm bullish pattern - inverse head and shouldersNo clear breakout yet but is is easy to draw a clear inverse head and shoulders pattern on the chart of chipmaker Qualcomm. I will look out for this one.
QCOMHere's one just for fun, huge long term patterns playing off one another, can it really be... it'll be alot of fun watching this that's for sure
QCOM - Falling Trend Channel🔹Breakout resistance at 123 in inverse head and shoulders formation.
🔹Tests resistance at 126, potential NEGATIVE reaction; upward breakthrough signals POSITIVE.
🔹Technically NEUTRAL for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Use 130c expire 08/18 to trade its next ERaccording to TipRanks, the average price target for Qualcomm Inc is $135.26. This is based on 20 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $152.00 ,the lowest forecast is $110.00. The average price target represents 15.11% Increase from the current price of $117.5
Bullish Alert : QCOMDaily Chart
Bullish Alert after a double bottom with bullish crossover.
The price action is not well defined.
QCOM 2-1 daily setupQCOM has nice magnitude to the upside with a price target being Tuesday's high. A strong volume push beyond that would change my price target to the s/r flip zone above. There is downside opportunity here too, but it has a more shallow price target, with more downside potential to the lower s/r flip zone.
