4QCOM trade ideas
QCOMtrading in the channel. Held 20 MA today. MACD turning bearish, if it breaks down channel could fall to 50 MA.
QCOM: Key levels and test-driving a new indicatortest-driving my new "VolumeViewer" using QCOM - to find key supply / demand balance levels.
the key balance levels are found either as the VV crosses 0, or when it changes direction and they usually correspond to S&R levels for the underlying.
note: i'm long QCOM and looking for opportunities to add to position.
Riding on the wave of 5G technologyQualcomm is well positioned to benefit from the 5G technology. It has good partnership with Apple to launch 5G phone sets. Once the 5G phone launch by Apple in its usual September product launch is announced, we can expect this stock together with Apple will soar higher.
I will be nibbling some to ride on the trend as it has good prospects in the future.
QCOM close to huge breakoutQCOM looks very close to breaking out of a 20 year consolidation a monthly close over 88 would confirm this.Target is 166 or higher.
Qcom prediction We can see breakout form trend line if the candle close above the trend line thus a long position is prefer.
TP and SL are shown in the diagram
Do always use trailing profit
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Note this is not a trading advice and I am wrong 100%
short to buy level at weekly timeframe by put option to $50short to buy level at weekly timeframe by put option to $50
QCOM Short Supply zone Confirmed Condition:
1. Supply zone Confirmed
2. Up trendline break (TLB)
Entry at 72.5 (below 73)
Stop: 75 (Above trend line)
Target1: 65; risk/reward=1:4
Target2: 60; risk/reward=1:6
This is a trading school homework. I need 6 months to practice trading plan.
If you like it, thank you for your support. Please use SIM/Demo account to try it, until my trading plans get high winning rate.
Will it stay above or below the line? There seems to be two different resistance lines going on at the moment. Let's see if it can stay above the first or it could likely drop to the second very quickly
QCOM trade and the (Fisherman) setupTook a long position today on QCOM , and it worked well. entry point was $75, and the first target is $83.6, with a possibility that i just hold it for a long term (I like QCOM for the 5G motion)
i wanted to share this trade cause it's a classic example of a setup that i call "the fisherman" - and while it's very easy to learn and use, it can provide high probability trades.
here's how the fisherman works...
- first we need to look at a Renko chart - you can see from the dual view here how super easy it is to see the signals on a Renko vs a regular bar or candle chart - Renko is a real secret weapon -- maybe we talk more about that in future posts
- on the price chart, i have the MagicWave - ignore the Wave (aqua/orange) line, the other lines are a 10sma (purple) and a 30ema (blue) -- easy to add to the chart individually. the main one we need is the 30ema
- on the lower panel there's my own version of the Balance Of Power - but you can use the Dual RSI indicator that i published before. why we need this? cause it shows momentum for 2 periods, a fast and a slow - and that's important for the signal we want to see. use a fast length of 5 (yes we want this to be really fast) and a slow length of at least 6 to 8 times the fast - we don't want the slow length to be "too sensitive".
how does the fisherman setup work? what signals do we look for:
1- the price will cross the 30ema going up (the yellow circle), at the same time, both the fast and the slow momentum (RSI) will go positive (as in the yellow box)
2 - the price will retrace back towards the 30ema then will bounce off the 30ema (the green circle), and at the same time, the 30ema will start moving up creating a bottom - the shape in our green circle looks like a "hook" - that's the fisherman's hook :)
3 - super important, while the price is doing "the hook", the fast momentum moves down, maybe even into the negative zone, *but* the slow momentum remains green - the setup fails if the slow momentum also goes negative - we need to have a positive "backdrop" that shows there's a prevailing commitment to the upside
4 - The Entry: you're the fisherman, you have the hook, and now you need to "catch" an entry as low as possible for maximum profit - yes, we will be "bottom fishing" here :). in today's trade, i got lucky and caught the $75.
5 - The Position: once in the trade, we set the target and exit loss .. and back to our regular programming :)
i hope some find this useful - practice the fisherman setup and add it to your arsenal of possible setups or even as a way to validate your good trades and entries
(the fisherman can also be used in catching a good entry for a short, the hook will be the other way around. see if you can identify the 2 other fisherman setups on QCOM since the beginning of March - zoom our the Renko as needed)
good luck!..
Waiting for the support or oversold RSIWaiting until the dead cat finish its bounces to buy QCOM on the support or the RSI touches the oversold range
Saham syarikat QCOMQCOM kod bagi syarikat QUALCOMM Inc yang diperbuat dari segi sektor Teknologi. Mengikut pemerhatian gelombang sahlun tentang saham ini adalah downtrend@bearish dengan penurunan sebanyak 16.20% dalam tempoh 3 bulan lepas. Dari segi Syariah, saham ini adalah Patuh Syariah
QCOM Round DownQCOM and the rest of what appears to be the semiconductor index may get hit tomorrow, I'm taking the QCOM trade being that its showing a rounding formation to the downside. Market could get ugly
Good spot to pick up some QCOMNice engulfing 9 on the TD, only thing that gives me pause is that we did start red countdown phase. BUT we are at a ton of support on daily/weekly and monthly candles, i'd long over the 9 candle (add once we have green 2 over 1) set a stop loss at the yellow dotted line and raise it as price goes up.
QCOM Round UpQCOM is just bounced off of ascending support and has begun to form a rounding pattern. This can go all the way back up to the old high and resistance point of $95-96. Also bullish doji reversal has formed at the bottom of the channel.
Qualcomm5G is coming, the company has been strong this year and we're having a buy opportunity, I believe
QCOM breakout road to 100$Playing the 5g network in the market, qcom is one of my favorite picks since last earnings. The coronavirus dipped it slightly on concerns of affecting next qtr earnings, but that to me is a near-term time to buy that dip. Earnings for the 4th qtr were a blowout. 5g is coming and qcom will play a big part in it! Chart looks prime to go up from here. nice little cup and handle pattern and lifted off right at end of the handle.
QCOM Long-Term OutlookMy personal opinion on this 5G "cycle" is over hyped. We may still have some more upside on these chip stocks that related to 5G, but I believe we will see a lot of people leaving these stocks once 5G is released and shows lackluster response from consumers. Until new tech and apps that can utilize 5G comes out we will probably see bleeding in these 5G stocks once the hype cycle is over.
