Trading at Pre-Covid Levels w/ Volume profile support +2.9% DiviEV/Sales Consensus.. sitting at 5.1x
WHY QCOM??
Qualcomm pushes 5G tech into chips for cheaper phones
June 16 (Reuters) - Qualcomm Inc on Tuesday said it is putting 5G technology into chips for smartphones that will sell for as little as $300 and that will come to market in the second half of this year.
San Diego-based Qualcomm is the biggest supplier of processors for smartphones and the modem chips that connect the phones to wireless data networks.
The company's chips featuring fifth-generation (5G) cellular telecommunications technology are currently in many premium-priced smartphones such as Samsung Electronics Co Ltd's Galaxy devices.
But Qualcomm has also been working to get the technology into cheaper devices. The new chip, called the Snapdragon 690, will go into devices that it expects to retail at $300 to $500, Qualcomm said. Phone makers such as HMD Global, the owner of the Nokia phone brand, LG Electronics Inc and Lenovo Group Ltd's Motorola plan to use the chips, Qualcomm said.
The push into lower price points means higher volumes for Qualcomm. According to data from Counterpoint Research, smartphones with wholesales prices of $100 to $400, which are somewhat lower than the prices consumers pay, made up about 50% of the overall smartphone market in the first quarter of 2020.
QCOM trade ideas
$QCOM Bull Flag Developing?I like $QCOM's fundamentals going forward. However, I am more of a technical trader. I'm looking for QCOM to break up and out of this bull flag. I'll look for a close over this flag for an entry with increased volume on the breakout. These set-ups have a high failure rate so I'll run a tight stop once executed.
Creating an Elliott Wave Count from Patterns (Qualcomm Example)In this video I tried to make an Elliott Wave count from identifying a pattern that can only occur in certain situations and made a plan moving on from there...
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$QCOM - Room to run?$QCOM
Honey, put the wheelchair away, because this baby has got some legs.
Little suspect of any tech stock continuing to run in the current event given my notes on how i personally feel about china, the markets and economic climate.
However, the gap is starting to fill back from march crash.
If it can push above 85.20, I would use that as an entry point for a quick trade ensuring my limit sell is set to 87.20 and keeping a tight stop loss.
I would continue to raise my stop losses if Qcom continues to rise in the short term.
Checked out the earnings whispers website and notices that they expect -50% in quarterly revenue. So any long term hold on a chip stock is risky.
The QUALCOMM vision in purchasingHey traders ,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. QUALCOMM is to be seen at the beginning of the market, an attempt by the rejected buyers possibility of pull back for a rise.
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QCOM possible Gap Fill play Missed play breakout of resistance but the confirmation of strong demand found with current daily volume
- long above resistance for a gap fill to next resistance or to volume node (86-88) level. Confirm break of resistance with volume.
- confirmation of confluence area above sloping trend line and 81.90 resistance, break above both 100 and 200 moving average with volume
- If it does not break current resistance immediately look for a pullback @ 82 level
$QCOM breakout... $QCOM just broke above a consolidation area it's been digesting for about 2 weeks. I started a 1/2 position at $82.05. My stop is going to be very tight at $79 since these types of breakouts are prone to failure. However, I like QCOM's story so I'm willing to take a chance here. This is a swing trade for me so I'll look to add on a push and 5% gain to a full position. After that I'll look to take 1/4 - 1/3 off at 10% gain, another at 20% and let the remainder run until there is a reason to sell. Ideas, not investing advice.
QCOM doughAnalysis done on 25/05/2020
Fundamental
→ 20 & 40 SMA sloping up
→ 20MA > 40MA
→ Low of daily bar touches 20MA or goes below 20MA
→ Close above 40MA
Awaiting buy trigger
→ CCI <-100
Pull trigger
→ Buy 1 bid above previous day high
→ Sell 5 bars later exclusive of initial bar
Stop Loss
→ 50% below price bought
Anybody believe in this trade?Let me know what you think?
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I JUST WANTED TO TRY IF I CAN EMBED A GIF HERE: