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QCOM trade ideas

QCOM probably good for at least a short-term swingWith today's weak inflation data, treasury yields are falling, which should be at least short-term bullish for tech. Qualcomm has an additional news catalyst from yesterday's announcement that they authorized a $10 B buyback plan. Qualcomm looks to be exiting oversold territory on the daily RSI. It's just under 15 forward P/E right now, with PEG under 0.5 and dividend yield at 2.2%. We may get some positive analyst coverage over the next week as an upside catalyst. I took a gamble on October 22 calls at the 128 strike.
NASDAQ:QCOMLong
by ChristopherCarrollSmith
11
QCOM | In a major support zone | Possible paths to expectToday, we will take a look at QCOM The price is currently against a major support zone that has been working effectively since October 2020. Let see what we can expect in case of bearish or bullish resolutions. This analysis is meant for people that develop short-term setups. Why am I saying this? because, at the moment, we can't think about new trends like the one from March 2020 until January 2021. To start thinking about something like that, I want to see a breakout of the current structure, at least. Alright, with all that said, let's start. BULLISH scenario: If the price effectively bounced on the support zone, a propper invalidation zone for it would be 120 (there, we will start thinking that the level was absolutely broken)The target we will use for this idea is the white descending trend 142.00. There we will be open to rejections. BEARISH scenario: If the price is able to break the support zone reaching a price of 117.00, we will expect a pullback towards the broken support level. IF that happens, a new low on that pullback would confirm the bearish movements with a target on 100 Thanks for reading!
NASDAQ:QCOM
by ThinkingAntsOk
2
$QCOM - Tripple bottomed!The stock has been dropping with seeming no strong support. 122 area has held 2 times previously. With RSI being oversold and been for a while, it could be that the support area could hold. Entry - 122 - 123 Exit - 135 Stop loss - 120 ——————————————————— How to read my charts? - Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines. - The yellow horizontal lines shows support and resistance areas. - Fib lines also shows support and resistance areas. - The dotted white lines shows price projection for breakout or breakdown target. Disclaimer: Do your own DD. Not an investment advice.
NASDAQ:QCOMLong
by PaperBozz
QCOM longEntry price: 124-128$ Target price: 139-141$ Keltner Channels: The price is oscillating close to the lower boundary. RSI: under 30 level, thus the asset is oversold. Fib Retracement: The price is approaching 0 Fibonacci level. Fib Time Zone: The price movement is supposed to occur around 14th of October. Conclusions: RSI, Keltner Channels and Fib Time Zone suggest the trend reversal in the near future. Therefore, the long position is recommended between 0 and 0.236 Fibonacci levels. Moreover, the price is likely to achieve the target around 0.786 Fib level as there is very strong resistance zone. No financial advice.
NASDAQ:QCOMLong
by vf_investment
$QCOM - my favorite developing positionQCOM is looking to break out of a symmetric triangle, and I think we will be seeing that soon. QCOM was +0.78% yesterday, even with the market flush, allowing it to close within the triangle. Right now I am expecting to see a breakout to the upside and a PT of ~160 as the LOW on the breakout. Positive signs: 30 week MA breakout several weeks ago, and successful backtest. 30 week is starting to curl to the positive side, and yesterday QCOM finished up when the market had a major flush. Negative - ample overhead resistance we need to get above. What I am watching for: Since we are in this "middle area", waiting for the breakout is ideal here. I wont be taking a trade until QCOM can breakout of the triangle. I am watching the 150 level closely as well. If we can get the breakout to the upside I will be looking at 155c's 30 DTE + on the backtest.
NASDAQ:QCOMLong
by btwice53190
$QCOM now one of my short term favsQCOM looking to breakout of a symmetric triangle for a intermediate wave 3 of a primary 1. PT will be ~160. Support: AVWAP and 30 week MA curling support below Resistance: between 149-150 is last major resistance holding back the launch to 160 How to trade this: Right now we could still consolidate until early October. Create trendline break alerts and >150 alert. On QCOM breakout wait for slight backtest (strong breakouts dont have to fully backtest, so on breakout all dips a buy). At that point 155c several weeks away could be an effective position to take for the ride to 160. Stop loss would be set under the 149 resistance turned support
NASDAQ:QCOMLong
by btwice53190
QCOM / Flag pattern on a great technical context Today we will speak about QCOM on a range situation that we like the context. What can we see here? - The price is inside a range since January 2021 - Currently, the price is supported on an ascending trendline + relevant support/resistance zone level. - Another important aspect of the chart is that we can see a fully formed ABC flag pattern with great proportions. - If we consider the current ascending channel (which is like an expanding one), we can see the price in the lower range of it. That means that if the bullish movement appears as we expect, we can think of targets on the next resistance level or in the other extreme of the expanding channel. - We have defined an activation level above "B." In general, terms that are the safer place to execute setups (we avoid A LOT of fakeouts) - If the price reaches the activation level and then everything goes as Sh@&t. It's important to know where we will say, "hey is time to leave this idea." That place is below "C." - If the price never reaches the activation level and keeps falling, we will cancel our view if we see a new low - The expected time of resolution for this idea if everything goes as expected is between 30 and 45 days. - What about the risk?: ALWAYS BETWEEN 1% TO 2% (Why are you shouting...?) Because this is the most relevant aspect of trading. You MUST protect your capital, and the only way of doing that is having great risk management because bad times will come, always come, and you need to be ready to absorb those stops like a champion. Thanks for reading, guys! We wish you a great trading week.
NASDAQ:QCOM
by ThinkingAntsOk
5
QCOM in Ascending Triangle $180 PT If you are looking for a 5G play QCOM is a stock you should consider.This fairly valued company trading at just under 20 PE and a 2% dividend is set to grow its business exponentially due to the roll out of 5G. QCOM is well positioned for the roll out of 5G as they manufacture the leading 5G chip called the snapdragon. Also, the infrastructure bill is a looming catalyst as it would allocate over 7b to the roll out of 5G. Given QCOM is trading in an ascending triangle I believe we will break to the upside as 72% of the time in this pattern there is a break to the upside. My price target is $180 for QCOM.
NASDAQ:QCOMLong
by Value-Invest
Qualcomm: Golden Cross and Inside WeekAfter nine months of sideways movement, Qualcomm may be coming back to life. The main feature on the semiconductor maker’s chart is the “golden cross” of the 50-day simple moving average (SMA) above the 200-day SMA. The pattern occurred last Tuesday, August 24. Next is the price zone around $145. It was the close following a strong quarterly report on November 5 and support through late February. It next served resistance until July 29, when QCOM gapped above on another set of bullish numbers. Since then, it has turned back into support. This level also is also near the confluence of the 50- and 200-day SMAs. Third, consider the descending trendline since the end of July. This creates the potential for a bull-flag breakout if QCOM manages to close above it. Finally, the stock just completed a bullish inside week. That may suggest it’s nearing the end of a consolidation phase and getting ready to move again. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
NASDAQ:QCOMLong
by TradeStation