US Stock In Play: $QCOM$QCOM setup on both daily and weekly displays a pretty HTF with 50DMA / 10WMA catching up to its current consolidation.
this is one of the few semicon setup that have not rallied beyond its ATH this week
QCOM trade ideas
QCOM to 195-196QCOM has been diligently staying within the shown ascending channel. Due to the reliability in Fibonacci levels, I have a short term price target of 195-196 before any correction.
QCOM COnsolidationQCOM is currently consolidation in a triangle pattern. It has shown the 3 lower peaks pattern which consists of 3 lower highs and 2 lower lows. The pattern eventually breaks down much lower. This pattern can be seen at the top of an uptrend. Conversely, this pattern could set up to break higher. The current trend is up and we are bouncing off of the 20ma. On the short side, I could see a move down to $168. On a break higher, Im looking for $200. My bias is currently bearish but I will stay neutral until the consolidation breaks.
ST I want this to push HigherI would look bullish above $138.75 but would take a short position if we close below $183.90
*DYDD
Qcom Short to fill in the gap the thesis is that the stock is consolidating after a hard sell off in the previous gap and will continue to dip into the next gap. Simple, i also am bias because i think the money has left tech stocks. Please comment opinions down below to save me from my choices lol
QCOM UPDATEQCOM found supply at 188. would look for a retracement level for bearish bias. trade lightly wednesday is FOMC RATE decision.
Bull flag but tech took a major hit any thoughts on this ..i guess it filled the gap so it can take the ride back up
$QCOM approaching ATH.$QCOM approaching all time high and price target recently upgraded to 215. $QCOM setup is clean sitting above the ema lines. today tech stocks bounce after fed meeting and there might be bullish continuation tomorrow.
buy call above $191.30
buy puts below $186-185
always take profits as you see one and always follow your risk management.
Hello everyone,
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Bull flag without a Flag Pole ?lol a little confused on how to play this myself so i guess just wait on confirmation
Bull flag without a Flag Pole ?Im undecided but there is a gap so i guess wait for confirmation lol but if anyone has any suggestions I'm all ears.
10-20% correction in Qualcomm It seems QCOM is making a top formation and could experience a 10-20% correction in the coming weeks!
I was not Bearish on this one!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
Best,
Moshkelgosha
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$QCOM Looking Strong$QCOM looking real good. Not my typical VCP since its already out of its base but tight daily trading none the less.
The weekly (2nd chart) is what caught my attention. that these skyscraper volume on that breakout.
QCOM - Inside Day BreakoutQCOM looking to breakout to above the inside day and push higher than the trend line,. Looking to take calls above $185
$QCOM - Flagging, calls > 185 | puts < 180$QCOM - Flagging, calls > 185 | puts < 180
- Daily inside candle formed
- Daily flagging
- Daily holding 5ema
11/28/21 QCOMQUALCOMM Incorporated ( NASDAQ:QCOM )
Sector: Electric Technology (Telecommunications Equipment)
Current Price: $175.74
Breakout price trigger: $181.00
Buy Zone (Top/Bottom Range): $172.00-$165.00
Price Target: $196.00-$200.00
Estimated Duration to Target: 61-69d
Contract of Interest: $QCOM 2/18/22 200c
Trade price as of publish date: $5.40/contract
QCOM Similar pointsOn this chart I have used Gann and a Parallel channel to display two similar points in the evolution of QCOMS value
Where the green Gann fan and Parallel channel meet through the uptrend can be considered similar both because of there place on the chart, and price action
Using this I have plotted a white Bars pattern, where I expect price to move to
Using the MavilimW indicator, it can be seen within both wedges , the indicator becomes very unstable, swinging between up and down
Perhaps an intrinsic property of the Wedge pattern
This is the weekly chart for QCOM
QUALCOMM WAVE ANALYSISThis is an update of the earlier video on Qualcomm, I hope this will be appreciated by the viewers and people trading in the stock. this is only for educational purposes.
WAVE ANALYSIS OF QUALCOMMI have made a short video of wave analysis on the Qualcomm stock, lets see what happens tomorrow. this is only for educational purposes.
Qcom heading to 200Qcom may reach 201 level soon after the recent breakout and solid fundamentals. The strong revenue guidance from the diversified business.
QCOM Algo Levels🚨 QCOM 190C above 183.76
Options Code: .QCOM211119C190
Cost: $1.44
Algo PT: 185.19, 186.19, 187.19
Algo SL: 181.94 using 5m or 15m"
thetradesetup.com
