Reversing tomorrow ? I was checking the activity of the stock today, looks like people is loading up. How many days will be in this level ? 145 - 146 already has three
QCOM trade ideas
QCOM - Brush it off and get up that hill soldier!We are emerging nicely from the selloff. We have a Positive Squeeze happening with bullish candles. After all the selloff was overdone. With a low PE ratio of 24.93 and and a nice EPS we are at a good spot over the next week or so to move higher. Also the volume increase into the close was very nice. This is why I rarely hold stocks into earnings :) GL!
the b[AI]te's weekly insights -- QCOM 2021-02-08center stage attention
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our system found that QCOM received most attention over the course of last week.
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we see a strong negative correlation with our image indicator. We therefore assume that prices are driven emotionally and might not reflect an accurate picture of the companies current state of affairs.
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FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
Short before LongGood financials, recent earnings was solid. Recent sell off due to profit taking and some media drama.
www.cnbc.com
www.themarketsdaily.com
Seeing this hit the bottom of the channel and anticipating a nice bounce back to the top.
**I really hope that this doesn't go sideways like AMD ....
Qcom dipped 10% down after earnings but beatGreat company and they beat this Quarter and the 3 prior Quarters. Nice Revenues, low PE ration, and a nice EPS. They only dipped because of some further looking difficulties.
$QCOM with a bearish outlook following its earnings #BeststocksThe PEAD projected a bearish outlook for $QCOM after a negative under reaction following its earnings release placing the stock in drift D
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Qcom gap fill maybe? channel respectedQCOM dropped heavily today after investors being disappointed with Qualcomm's 5G expectations. Even after a heavy correction of 10% from two days The price action with in QCOMs channel is still being respected. This might be a great opportunity to buy the dip, But I will wait because the price might want to fill the following gaps the stock made a few months back. While I highly doubt we might see QCOM drop to 100 in order to fill the gap, anything can be possible since we might see a correction on the overall market pretty soon. two things that I am looking for.
1. I want to see if qualcomm stays with in the channel tomorrow or if it will open down below it showing a bearish signal.
2. even if it does bounce up from here I would be cautious of a possible bull trap.
$QCOM 143 is keyThe company just broke a very long term channel and is about to test a very strong support @143.20 that coincides with the golden reversal ratio .618. If the company reaches this level expect a jump back to 160
Next supportTanked on earnings and fell out of its channel. if 143 doesn't hold , 129. gap close is next strongest support
QCOM Long Opportunity, see chart for Trade SetupThe stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.03% during the next 3 months and, with a 90% probability hold a price between $167.74 and $192.40 at the end of this 3-month period.
QCOM short strategy supply zone$QCOM trading inside a weekly supply area. Due to earnings allow it room to move. If price moves above weekly supply area then exit strategy.
