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 trade ideas
$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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QCOM12/27/20 - 1d Time Frame
1. Price action seems to be consolidating at the 151-141 area
2. MACD - lines seems to be converging and histogram seems to show downtrend losing momentum
3. Stochastics at oversold level at the 1day time frame - bullish
**We could see a bullish run once price goes over the 8/21 ema and MACD starts to kiss and point upwards.
Disclaimer:
My post in this channel should not be used as a replacement for investment advice from a qualified professional. All my post is for my own chart analysis practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice. You, the reader, bear responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
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 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.
Traditional|QCOM|LongLong QCOM
Activation of the transaction only when the blue zone is fixed/broken.
The idea is to work out the resistance level of the local consolidation zone.
* Possible closing of a trade before reaching the take/stop zone.
+ Maybe right now we will go even lower, then it's okay, the idea is not activated and simply canceled.
The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %.
Blue zones - activation zones.
Green zones - take zones.
The red zone - the stop zone.
Working out the stop when the price returns to the level after activation + fixing in the red zone.
Orange arrow - the direction of take.
Blue arrow - neutral scenario without activating the trade.
The red arrow - the direction of the stop.
ULTIMATE STOCK INDICATOR combined with PITCH FORK $QCOMBUY SIGNAL flashed with 7 confirmations (not 8, which is max)
- staying within upward trend.
- pithfork brings the price at lower end and holding support.
- earnings runup should bring it past ATH.
- keep your stop-loss narrow since any negative market will break down trend.
Happy Trading, from CJ -- aka the greatest FURU.
To find out more about The Ultimate Stock Indicator on Tradingview, please check my public profile.
Channel tradeQualcomm just bought out Nuvia and they must've got me cheap cause they are roaring premarket.. Qcom has been trading at the lower end 9f the channel since apple announce they would be ditching Qcom chips in the near future. This buy out of Nuvia might just get it back over that divider.
Targets/green lines
156.54
161.04
$QCOM following through its PEAD projection $QCOM followed through the PEAD projection trading within the PEAD cone which was predicted after a positive over reaction following its earning release trading mainly within the upper region of the PEAD cone.
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QCOM - January 2, 2021QCOM engages in the development and licensing of of wireless products, network equipment, and broadband gateway equipment. QCOM receives approximately 23% of their revenues from patents they own. This contributes to a higher gross margins (58%) and reoccurring revenues. QCOM currently trades at a forward revenue of 7.5x and forward EBITDA of 22.8x. They are set to benefit greatly from the rollout of 5G as telecom providers have been investing heavily into new infrastructure. QCOM is holding the lower limit of this channel, and has the opportunity to push nicely higher to all time highs at 160.
QCOM swing trade ideaQCOM swing trade idea
QCOM broke an ascending triangle to pick up some
momemtum.
Clear MACD crossover on the 4H and will bring MACD
confirmation on the daily.
RSI is looking very strong on both timeframe giving previous
momentum confirmation.
Price is above the 10MA for both.
Weekly support at 144.82
PT : 153.75 / 156.98 / 161
