QCOMThe QCOM stock has formed a bullish flag pattern that has been broken and confirmed. We can now enter a sell position with a target of $113. Entry point is at $166, and the stop-loss is set at a close above $180.
QCOM trade ideas
QUALCOMM Incorporated (QCOM)Calls above 165.57
Puts below 164.39
A wedge pattern can signal either bullish or bearish price reversals.
The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal from either side. This strategy is based on price action and the volume of a candle upon breakout.
Technical Analysis of QCOMOverview of the Stock and Recent Price Action
QCOM has experienced significant volatility over the past year, with notable movements that highlight key trading opportunities. From November 2023 to June 2024, QCOM enjoyed a strong uptrend, climbing from around $110 to a peak of approximately $220. However, after reaching this high, the stock entered a downtrend, declining to around $160 by November 2024.
Step-by-Step Analysis
1. Trendlines and Channels
Ascending Channel: Initially, QCOM was trading in a steep ascending channel, indicating a strong bullish trend until mid-2024. The subsequent downtrend has formed a descending channel, reflecting bearish market sentiment.
2. Fibonacci Retracement Levels
Support: The $160 level has acted as a significant support area recently, with the stock bouncing off this level multiple times.
Resistance: The $170 level is a notable resistance point. QCOM has struggled to break above this level in recent months.
3. Volume Analysis
There are spikes in volume during significant price movements, such as the peak in June 2024 and the decline thereafter. This suggests strong investor interest and potential institutional activity during these periods.
4. Indicators and Events
Earnings Announcements: Key earnings dates are marked on the chart, which can significantly impact price movements. Traders should watch for upcoming earnings reports.
Potential Price Movement
Bullish Scenario
Entry Point: A break above the $170 resistance level with strong volume could signal a potential reversal and continuation of the uptrend.
Stop Loss: Below $160 to limit downside risk.
Profit Target: The next target would be in the $180-$190 range.
Bearish Scenario
Entry Point: A failure to hold the $160 support level could lead to further declines.
Stop Loss: Above recent highs to avoid false breakdowns.
Profit Target: The next support level would be around $150.
Conclusion
QCOM is currently in a consolidation phase between $160 and $170. A breakout above or below these levels, accompanied by strong volume, will likely determine the next significant price movement. Traders should monitor these key levels and be aware of upcoming earnings and dividend announcements.
QUALCOMM Short Trade Hits TP1 – More Bearish Targets PossibleTechnical Analysis: QUALCOMM – 15-Minute Timeframe (Short Trade)
QUALCOMM has reached TP1 (171.92) in the short trade, with the remaining targets still in play. The initial downtrend is confirmed, and we are closely watching for the next targets to be hit.
Key Levels
Entry: 173.07 – The short position was initiated following clear bearish signals.
Stop-Loss (SL): 173.99 – Risk management placed above the entry point to limit potential losses.
Take Profit 1 (TP1): 171.92 – First target hit, confirming the downtrend's strength.
Take Profit 2 (TP2): 170.08 – The next target is set as momentum continues downward.
Take Profit 3 (TP3): 168.23 – Further price movement could test this level soon.
Take Profit 4 (TP4): 167.09 – The final target for this short trade.
Trend Analysis
The price has broken below the Risological Dotted trendline, showing sustained bearish momentum. The price action confirms the downtrend, with TP1 already achieved, and lower targets still within reach.
QUALCOMM has started its downward movement by hitting TP1. We are now observing further bearish pressure to meet the next targets. Risk management remains crucial with the stop-loss in place.
$QCOM Volatility Contraction Pattern? (VCP)NASDAQ:QCOM has gotten a lot of bad news over the past few months, and it’s share price shows it. However, the chip sector is doing well, and you cannot count QCOM as down and out. After setting a low on August 5th it has now put in a series of higher lows and is tightening up (coiling) which is forming a VCP.
I like this technical setup and have an alert set in case the price moves up and over the downtrend line. Note that there seems to be a heavy area of resistance just above the horizontal line area. If I take this as a trade the chart clearly shows where my stop is going to be for a low risk reward trade. All TBD.
Here is some news helping NASDAQ:HON but who are they going to for AI solutions?
Honeywell International Inc. HON shares are trading higher on Wednesday. The company expanded its collaboration with QUALCOMM Incorporated QCOM to create new AI-enabled solutions for the energy sector.
However, there is also concern that NASDAQ:AAPL iPhone sales are not great, and they use QCOM chips. AAPL is also developing their own chips. But QCOM chips are used in the auto industry and many other industries as well.
QCOM BEAR FLAG???Qcom needs to close below 166.13 for a potential move to 164.06. If it can take out this level then the stock can see a push to 161.88 and then to 155.86. Lastly, the stock is in a bear flag, for whatever that means to you lol
QCOM Short: Elliott Wave 5This is definitely not the best risk-reward idea that I've published but it has a nice wave structure:
1. Wave 3 = 1.618x Wave1
2. Wave 4: 5 wave triangle
1st Target: $140.04
2nd Target: $120.30
2nd try in QCOMI’ve entered a second LONG position in NASDAQ:QCOM after the first one was stopped out. See the chart for details. The price retraced back to the entry level yesterday, but now it seems like the bullish move could begin.
After breaking through the resistance area (marked by the red rectangle), I expect bullish momentum to increase. By then, the SMAs should be perfectly aligned.
I plan to hold this position for about two weeks, as the upcoming US election could cause market spikes in either direction.
Good trade!
QCOM (QUALCOMM Incorporated) BUY TF M30 TP = 172.60On the M30 chart the trend started on Oct.8. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 172.60
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
QCOM DOWNWARD TREND BREAKOUT TO THE UPSIDE! 20% MOVE NASDAQ:QCOM DOWNWARD TREND BREAKOUT TO THE UPSIDE! 20% MOVE INBOUND!
NASDAQ:QCOM IS ON THE UP AND UP!
- Symmetrical Triangle Breakout
- Stochastic Curling Upward
- MACD Crossing Zero Line
- RSI Higher Highs
CATALYST: SEMIS ON THE RUN AGAIN!
Not Financial Advice!
QUALCOMM Incorporated (QCOM) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.786 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Neutral
QCOM Ascending TriangleQcom has formed an ascending Triangle. I am anticipating an upside Breakout. Here are some observations:-
The price is making higher lows.
Price is currently trading around its 200DMA
Bollinger Bands are contracting which signals a possible Breakout.
QCOM: H&S Gap FillerIndicative of the tech reaching the peak. First movers on the return down before their next ride. Will the ride show up post election? Will the tumble happen in 2026 as the economy weakens like we've never seen? Let's wait and see.
Qcom Currently Qcom is ranging and positions at CMP should be avoided, as shown above buys or sells can be taken upon the break and retest of the key levels
Enter long in QualcommI've entered a long position in $QCOM. Charts looks bullish. The factors for this decision were the following:
Price is above all SMAs (30, 50, 200)
In the next days we should see a bullish cross of the 30 and 50 SMA
The current low was made on the 5th of August, the next low on the 6th of September was significantly higher
We have tested the resistance cluster several times - the more it's tested the less likely it's being respected.
Have you heard the rumours about the takeover of Intel? Me too, but I trade the chart not the news. ;)
So, let's see how this plays out.
QCOM switching momentumBuy lows, sell highs. QCOM + INTC unstoppable duo.
Qualcomm Incorporated is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software, and services related to wireless technology. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA and WCDMA mobile communications standards.
Watch for QCOM breakout at 175QCOM testing past resistance levels with bullish divergence on the MACD and buyers recently taking control on the RSI.
Rise RetracedThe rise from about 151 has been retraced by 78 %. And as the rise to 230 has been corrected at the end of July as well a continuation of the uptrend may be realistic.
Approaching some nice support on QCOM!🔉Sound on!🔉
Thank you as always for watching my videos. I hope that you learned something very educational! Please feel free to like, share, and comment on this post. Remember only risk what you are willing to lose. Trading is very risky but it can change your life!
