QCOM to $193 then $200Qcom coming out of a double bottom after a major sell off. Bottom looks to be confirmed. Clear guidance for Bulls. Earnings Post Close 2/2/22. LFG!
QCOM trade ideas
qcom long from 166 Qcom bounced off 166 resistance turn support on friday. price moved today monday from 166 to 175. only looking for buy opportunities.
beware of economic data releases this week. Ism manufacturin and services data due this week.
RectangleFor now this rectangle is trying to break to the downside. It does look as if todays candle wick is struggling to stay inside the horizontal trading range.
I was wondering how long price would remain in the rectangle top with such a large gap underneath as well as the lack of a handle forming for the prior cup.
The 2 trendlines of the rectangle are marked in small white numbers and targets are over the rectangle had this broken to the upside. Targets beneath the rectangle are for a break to the downside (171.60) with a confirmed downtrend.
I am waiting on this one.
No recommendation.
A rectangle is a neutral pattern until a trendline is broken with a trend in that direction.
I see the FED guy is on TV right now and my alerts keep texting my phone like crazy right now which means stuff I have entered is hitting down targets I entered. I hope it is not more bad news )o:
BearishHi everyone,
Im not a financial advisor and this is not financially advised.
Qualcomm has really held up really despite all the corrections, I still believe it will fall due to Qualcomm being high growth tech, and im assuming FEDs will increase the interest rate, or at least come up with a plan of how they will raise it. this will have a big compact on the growth companies since they need to debt to grow rapidly.
bearsihthis is my personal thoughts.
this is not financially advised and im not a financial advisor.
End of the line for Qualcomm. QCOMForm time to time at the end of an impulse we may see a pretty small flat before bigger drops to follow. Here, we believe that this may be the case here. It might meander before potentially giving us bigger drops.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
Qcom trading on 159 support.Qcom trading on 159 support, an opportunity for investors to catch the train. Spring loading for 220 Target.
QCOM will bleedRide the current trend. Or stay in cash till it drops to $130.
Put options are too expensive at the moment so its not worth doing PUTS.
If shorting fees are low then go ahead.
I'm heavy cash waiting for the market to reverse.
Expect the market to continue to bleed for a few more weeks.
QCOM PredictionsHere is my insight on QCOM
For the bounce case
~ 4 hr chart has not broken the support yet signifying we could see a bounce before going through it.
~ slight RSI bullish divergence in last 2 days signifies a small pullback could come.
~ we are on the 0.382 fib zone which is a zone to watch since pullbacks on an uptrend like that zone.
~ After going down a whopping 14 percent, we are due for a dead cat bounce of a possible 2-5 percent
If bounce exists
~ Since we broke the 200 ema it is likely we could go back to it and bounce off. This PT/put entry point would be 169 - 169.50
~ The 1hr chart hasn't pulled back to the emas yet after crossing them. The 50 ema would be the first to touch and would be at 173-174 range, which ironically is also a big zone of resistance from previous bottoms. This would be the ultimate entry point for puts, and a good stop loss for puts...If we go higher than this we are going back on the bull run.
Puts case
~ the 4 hr chart has already broke and then bounced off the 200 ema. SO it is not out of the question that we can go lower.
~ We just need to break this support. once we break the support, we are going to go back up to it. I'd wait for the support to break and the bounce to occur before entering puts.
Qualcomm Breaking Down? Qualcomm - Short Term - We look to Sell a break of 170.96 (stop at 181.39)
Intraday signals are bearish. Previous support level of 174.00 broken. Closed below the 50-day EMA. We look for losses to be extended today. We look to set shorts in the early trade.
Our profit targets will be 138.48 and 130.12
Resistance: 174.00 / 190.00 / 200.00
Support: 164.00 / 150.00 / 125.00
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RectangleQCOM broke to the upside from a cup and never came back down to form a decent handle. QCOM also broke the neckline of an inverse H&S pattern at 138.88.
Price appears to be in a rectangle top which is a neutral horizontal channel until a trendline is broken in one direction or the other with a trend in that direction. Price often consolidates in neutral patterns like rectangles and triangles. The alligator appears to be consolidating as well.
A long entry would be a break of the upper trendline of 193.58 with an uptrend and vice versa for a break to the downside.
The targets listed are for the cup pattern, but one can guesstimate rectangle targets by the width of the rectangle then projecting it up or down.
Large gap under price and a cup that never grew a handle. I love this stock but id am watching for now.
No recommendation.
QCOM downside to 173QCOM looks to be looking for more buyers down below. If 173 fails to hold look out below to the median at 160 and possible gap through. There isn't a lot of VPVR (graph on right) to support prices up here.
$QCOM - Gorgeously Rangebound, Approaching Supply Zone$QCOM has been trading within these levels extremely consistently for the past couple of weeks.
It's likely that we see a rejection at this supply zone overhead as it's fairly substantial and spans a large range.
Looking to take longs with a close and hold above 191, otherwise I'll short the rejection back to the bottom trendline.
strategy for QCOM Tuesday 01/19/2022QCOM: sell zone ( 191.00 ) ( 190.00 )
QCOM: buy zone ( 175.00 ) ( 174.00 )
bullish continuation price: ( 194.00 )
bearish entry: would be below ( 182.00 )
PRIMARY ANALYSISHappy 2022 to everyone...
Chip and 5G tech stocks are bound for explosive uptrend in the coming years, however, price action currently shows
we have a medium term top in place.
This top might reset the base for the coming bull trend.
The cycle node for the current market structure is on 8th February 2016, a low in March 2023 will complete the first 7-year cycle
for the next advance.
In this analysis and subsequent ones we will try to follow the market structure to project the expected low.
The validity of this analysis holds true so long as we would not have a close above the stop level.
Use appropriate money management, trade responsibly, good luck.
QCOM holders, be careful!I think QCOM can get a big correction if it fails to hold the red demand line. A parabolic step could indicate the 4th and final step being taken. This is followed by a minimum 50% correction. The chart seems to have followed wave lengths so far, which would mean it could do the same and make a round top. As long as good ER and news comes out, macro bullish trend continues imo.
QCOM Bull Flag QCOM Bull flag is setting up for a breakout. Support form the 50sma coming in and repeated testing of resistance makes me think this one is getting close.
$QCOM is Back!QCOM continue to hold strong compared to rest of tech and its back attempting to stage a breakout. Tomorrow should be telling for the stock so keeping a close tab on it.
US Stock In Play: $QCOM$QCOM upon its Q3 earnings gap up, it remains relatively resilient to market weaknesses since december. also flagging in weekly chart.
yesterday's closed have $QCOM trading beyond all significant VWAP, above 10/10/50 MA.
$188.15 is the ideal level for a tight entry to size up
QCOM offering a Pocket Pivot entry in a base on base setup!* Excellent earnings
* Very strong up trend
* High 3-month relative strength of 4.43 in the Tech sector
* Broke out of a 1 year base with tonnes of volume on earnings
* Started to consolidate after the breakout in a tight 7-8 week range
* Has a U/D ratio of 2.11, indicating that it's under accumulation
Trade Idea:
* You can enter on the closing price today as a pocket pivot signal.
* If you're looking for a better entry you can wait for an opportunity near the $183.04 area
* You can look to add to the position if the price makes a daily close above $191.30
Caution:
* This is a pocket pivot signal and though there's little to no overhead resistance, the stock may not break out of the range immediately.
Is Qualcomm a durable tech stock?Hi everyone,
Today we will talk about NASDAQ:QCOM , a semicunductor manufacturing company.
As we saw almost all tech stocks selling off from late November through to 2022, NASDAQ:QCOM managed to stay up there quite nicely.
The question to ask now: Is it lagging?
Will [ symbol="NASDAQ:QCOM"]NASDAQ:QCOM follow broad tech market and proceed to a major correction?
Or will it continue grinding higher?
Inasmuch as semdiconductor industry is carrying world's supply chain on its shoulders, I still think we could see a correction in the stock.
We've got a looming danger of Fed's interest rate hike somewhere in March-June this year.
I cannot believe any risk asset such as tech stock would stand still when it happens.
Putting macro stuff aside for a moment, we can see a similar pattern in the past of the stock price, where ATHs were reached, touching a rising trend resistence, which led to a rapid 26% correction and 260 days consolidation in the lower range.
I strongly believe that the conditions are ripe for the same scenario to repeat.
I will buy the stock after new consolidation pattern is established, preferrably near 150 level.
Please let me know if you found my macro rant useful and if you would like to see similar content in the future.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
qcom sell updateQCOM , after waiting 2 weeks. Qcom finally gave a direction on the weekly.Bounce off the previous resistance.
looking for sell trades this week on this.
$QCOM - Flag pattern formed, watch for breakout either side- RSI divergence
- Weekly outside bar
- Daily flag pattern
- Levels posted in chart
