AVOID TILL CLOSE ABOVE 113RSI INDICATES OVER BOUGHT AND BOLLINGER BAND SAYS THAT ITS TREND IS INTACT FOR UPWARDS.
Buy above if closed 113 levels
Target 120-122
SL 106
QCOM trade ideas
STILL ROOM FOR UPSIDESuper Bullish on the daily Ichymoku especily if the Tenkan sen line can stay above the kijun..
Its overbought in the Stochastic and rising on the MACD however still room to grow on the upside but also still needs to fill the huge gap from $93-$100..
I think it will continue up and probably hit around $115 before being exhausted then make its way down to fill that gap.
QCOM SnapbackQCOM is overbought on stochastics and over bought on the bollinger bands. QCOM reported earnings causing price to skyrocket upward, but now it has showed weakness with running 4% off its highs today. I expect this to pullback to $102 level.
QCOM time to fly higher?Qualcomm expects to generate an estimated $1.8 billion in revenues. The company is poised to record royalty revenue from Huawei starting in its fourth fiscal quarter.
Looking ahead, Qualcomm provided guidance for fourth-quarter adjusted revenue to be in a range of $5.5 billion and $6.3 billion, versus analysts’ estimates of $5.78 billion. EPS in the current quarter is forecast to be in a range of $1.05 to $1.25. The guidance includes an impact of greater than $0.25 reflecting the reduction in handset shipments as a result of COVID-19, including a partial impact from the delay of a 5G flagship phone launch, the company added.
“As 5G continues to roll out, we are realizing the benefits of the investments we have made in building the most extensive licensing program in mobile and are turning the technical challenges of 5G into leadership opportunities and commercial wins,” said Qualcomm CEO Steve Mollenkopf. “We delivered earnings above the high end of our range, continued to execute in our product and licensing businesses and entered into a new long-term patent license agreement with Huawei, all of which position us well for the balance of 2020 and beyond.”
Qualcomm said that during the third quarter of fiscal 2020, it returned $843 million to stockholders, including $733 million, or $0.65 per share, of cash dividends paid and $110 million through repurchases of 1.6 million shares of common stock.
Shares in Qualcomm have recouped all of this year’s earlier losses and are now up almost 6% year-to-date.
$QCOM Todays Earnings is Qualcomm's big moment
Can 5G finally push QCOM to its old 2000 highs?
The stock has struggled to get the attention of investors, but has
slowly climbed higher in 2020.
The stock is currently within a nice channel as earnings approach,
the bottom of the channel could be used as a possible stop loss.
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Soon!!! New high for QCOM.ICEBERG!!! Hard to break it... The formation of the base is a sign of new high soon.
Cup and Handle Just Fell from Small Rising WedgeSo hopefully it won't fall much firther as QCOM was in a small wedge
Earnings 7-29
I do own this stock but this is not a recommendation
$QCOM Breakout Setup for Qualcomm
Possible entry on move to new highs at approx $95.00
Upside target $109
the 5G trend should be a big boost to QCOM
Qualcomm sell signals on D1.Qualcomm, daily timeframe: Resistance level + 2 Hanging Men + Divergence
V BottomQCOM is one I have owned since the bottom. Gr8 dividend payer and for me it is a keeper. V bottom and possibly formed a handle there, so may say it is a cup and handle. Either way break out is the same
Earnings 7-29 AMC
Possible pull back to 87ish or 88ish so I plan to buy more if this happens. The stock is in a small rising wedge which it may or may not fall out of. (Rising wedges happen often in bear markets) I do not feel we are in a bear market but it is true we went down awfully quick and many stocks went back up like a lightning bolt! Rising wedges can form when folks get a little too excited (o:
I do not have a stop and I know that is a NO NO..lol but if I did it would be very loose at 74ish as I plan on keeping this one. If I was buying this short term, I would place my stop at gap down from before Corona Balona.
Good luck. I do own this stock but do not mean to recommend it to you. Be safe
QCOM: Expect the bulls to win the $92.0the bulls have been very persistent with QCOM. it took more than 4 attempts to break the $81 and the $89.
next we should expect to breach the $92, maybe today by market close (that would be great), maybe Monday? we have good tail wind and positive/green sentiment - but the current short term move is not yet a fully formed uptrend (on the 1hr and Renko views)
let's keep watching. Projected target of $98 by Wk4 July still holds so far.
thoughts?
QCOM Breakout IdeaQCOM looks prime for breakout to $100+.
Volume Profile since November gap up forming base at $90 as launchpad. Moving Averages stacked. Lots of taps at this resistance, not going to hold much longer imo.
V BottomQCOM seems to be pulling back it would appear and solid support looks to be at 78 and 80 (ish)
QCOM looks to be in a rising wedge right now and could fall out.
Breakout from a V bottom would be over the prior high so possibly at 97.2. Due to stocks often pulling back when they reach a high as of late, unless the stock is SQ or PYPL, ETSY etc.. LOL..definitely do research and adjust accordingly.
Targets would be 120 to 126, then second targets would possibly be 143 to 155
I like this stock and feel it is a keeper. I have owned it since close to the bottom and plan to buy more when the time is right
QCOM Massive Fractal Breakout5G architecture / devices rolling out to the end of the year. Tech as a whole heading to its second bubble. It would only make sense QCOM is one of the leaders of the rally.
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.
QUALCOMM INCThe market. Continues its upward trend. there is a probability that we are going to the level of 105 if ever we break with power the resistance of 92
$QCOM Waiting for all time high
Rather than looking for entry now we await the breakout trade.
50ma had already crossed the 100ma and will son complete a golden cross on the 200ma.
Indicators remain mainly bullish
$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.
