QRVO 🌦UPDATE I'm still bearish on QRVO. I'm convinced that its going back down to 158. Forecast is still a Regular Flat Elliot Correction Wave.
QRVO trade ideas
QRVO🌦Pattern recognized: Regular flat Elliot Correction Wave.
Thesis: Bullish sentiment long term, bearish sentiment short term.
Conclusion: Middle fractal suggested we would inch higher now I expect a retest of 158 which is the (A) wave. Once achieved I will look for calls.
My strategy: MEWT (MODIFIED ELLIOT WAVE THEORY).
***This does not constitute financial advice.***
We played some lottos on Fridaybeing cautious didnt swing calls but this broke out late on Friday, keep it on watch for a move higher. Need to be careful of market but looks good
QRVO setting up for a swing trade.Recently found support and bounced from the 65EMA , last Friday closed above all key moving averages with a strong volume and price action. If it crosses resistance at $180.74 ( entry point) then it will move up with the possibility of reaching the $190 level, perfect for a swing trade here. RSI and MACD ( starting a cross over ) both are pointing to the upside .
QRVO Round UpQRVO is showing a rounding formation and is also within a flagging pattern. It was filled out the with of the rounding pattern and rebased on the moving averages which makes for an optimal risk/reward scenario if it can trend up to the 185 area.
$QRVO with a Bullish outlook following its earnings #BeststocksThe PEAD projected a bullish outlook for $QRVO after a negative over reaction following its earnings release placing the stock in Drift C
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QRVO - February 7, 2021QRVO operates in the Semiconductor design, manufacturing, and commercializing product space. They had earnings last week and sold-off from the 190 level down to 165 area. QRVO beat on EPS reporting $3.06 compared to consensus estimates of $2.86, and increased guidance while proving strong gross margin expansion. QRVO is attractively valued relative to peers on both a Sales, and EBITDA multiple and has the opportunity to benefit from multiple expansion to trade more in line with peers. From a Net Income perspective, QRVO produced slimmer NI margins largely due to acquisition integration expenses. This is a great value dip buy in the 169-162 region over the coming week.
$QRVO - 1H TA - Potential reversal and long positionQRVO is a good company.
If this respects the support, it should reverse nicely.
Bullish Divergence
Once it breaks out from the resistance it will do nicely.
Should be good for a long position,
Cathy Wood bought for ARK
Plz do your own DD, this is not financial advice, only my ideas.
QRVO - February 3, 2021QRVO reported strong numbers on earnings beating estimates. It is down on flat guidance for next quarter. Looking for a bounce off the 100 day EMA (yellow EMA).
$QRVO Qorvo Breaking out - Target $190-$200$QRVO Qorvo Breaking out - Look for a close over $170 today for confirmation.
Near term target: $190-$200 range
ER coming early February
Note: This is NOT investment advice.
QRVO Retest/RemountQRVO has recently pulled back to prior breakout levels, which now acts as support and the new retest level. It has retested the 152 level for the first time, and remounted over it. This shows future strength in the upcoming price action. It is still underneath the 13 ema, which will act as minor resistance, but i see this trending back upward to the previous high over the next couple weeks.
QORVO Estimates Hey traders, QORVO is in a bearish fake dynamic with an aborted attempt by buyers and a large sell volume traded. Looking at the TIMEFRAME M1 we observed a shape of hammer bear candle it goes to test the balance zone again. There is a chance to breakout the area to go on those first highs before the panic. What if the buyers are really back to breakout the breakout zone again.
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BREAKOUT CUP WITH HANDLE AND HIGH VOLUM BUY QRVO ABOUT 148$Investors were happy to see that Qorvo's non-GAAP (adjusted) diluted earnings per share of $2.43 in the second quarter easily surpassed Wall Street's consensus estimate of $2.14 per share. Qorvo's revenue also beat analysts' estimates, with the company reporting $1.06 billion, compared with Wall Street's expectation of $1.01 billion.
1% CAPITAL
$QRVO Qorvo post Earnings Target on 5G strength
Potential breakout in QRVO today on the back of strong earnings and
with the help of QCOM attracting extra spotlight on the 5G sector.
Targets
$140 Previous high
$145 - $147 Fibonacci expansion level & Rising channel trendline
Cup and Handle Earnings Tomorrow AMC Has passed long entry and earnings are tomorrow/They rarely miss
Election day so who knows what tomorrow will bring
Risky I suppose
Handle Low (HL) or MC (Mid cup) both have support. I also see support at 120.7ish at prior gap up
No rising wedges noted
Not a recommendation
QRVO Breakout 6 testsQRVO has tested the 135 level six times, breaking above that level today. Each test of resistance takes out some of the supply, increasing demand. Six is usually the special number of tests before a breakout occurs. I suspect this to run up to 144.
$QRVO Qorvo Fibonacci Targets
The 5G rally may just be beginning and QRVO is a major player within that sector. The stock is now just below our previous target
and we see much more upside ahead. First main resistance now is the rising channel trendline (blue).
Second level to consider is $145 where we have a strong confluence of Fibonacci expansion levels.
Above which we have $150 - $155 - $160 on the horizon.
Cup and HandlePossibly ready for another run if the market cooperates.
Weekly and monthly candles are red dojis so no help there
Handle Low held. I moved the handle low a bit because this seems to be a key source of support during the deep pull back. Some folks place a stop under the handle low. On a volatile stock, mid cup can be a place for a stop
Gap up was filled during the pull back. I am happy with that as I do not like gaps under price at all
NV is high
I sold this but ready to rebuy on the pull back. Being sure pull backs are done is one of my weak points. I decided to buy just a little to be on the safe side today and buy more if it looks good
Of course, there is no way to know for sure and about 75% of the time I wish I had bought more the first time! LOL
Be safe and ot a recommendation
Seems like a short doesn't it?Chinese supply chain has been loading up on components out of fear the US govt shuts down supply of critical components... supply chain could be swimming in inventory soon....
QRVO Gap Fill ReversalQRVO has just filled a gap in its chart and ran to the bottom of the range. It has exceeded its lower bollinger band showing oversold in its price. I looking for the reversal now that its gap in the chart has been closed, back to the 122-123 area.
Cup and HandleBeware of gap under price. Possible pull back closer to B/O level to fill gap.
No rising wedges noted
Possible T2: 177.25
Not a recommendation
