QCOM trade ideas
$QCOM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CAT after a Positive over reaction following its earnings release placing the stock in drift B
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QCOM quick drawdownQCOM briefly broke a big resistance level at 140 but quickly shot down. I still like it long for now so I'm using this as an opportunity for entry.
QCOM to jumpQCOM has been trailing in attempt to regain it's 50 day SMA. Last few days it's gained it in time for it's earnings release.
They posted pretty great after hours earnings, so I'm expecting this to jump. However it must clear and hold above 141-143 region where there may be a lot of selling/profit taking pressure.
Qualcomm Q2 earnings today at 4pmQualcomm Q2 earnings are today 4/28 at 4pm. Qualcomm (QCOM) reported Q1 December 2020 earnings of $2.18 per share on revenue of $8.2B. The consensus earnings estimate was $2.08 per share on revenue of $8.3B. Revenue grew 62.2% on a year-over-year basis. The company said it expects second quarter non-GAAP earnings of $1.55 to $1.75 per share on revenue of $7.2B to $8.2B.
Q2 March 2021 Consensus:
EPS = $1.67
Revenue = $7.62 B
P/E = 23.75
R3 = $144.05
R2 = $141.53
R1 = $139.02
pivot = $136.08
S1 = $133.35
S2 = $130.42
S3 = $127.90
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28/4/2021 QCOMpossible pulled back for a few day to form a small inversed head and shoulder, and then charge right to the mars, the low side is pretty much formed but the volume doesnt seem enough to break through the POC, we will see
NASDAQ:QCOM
QCOM Long Double bottom + revisit
Price crossed SMA50 and SMA13
SMA50/200 support
OBV>OBV SMA34
WR crossed -50
Entry 137.6
Stop 130
Target 167
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
QCOM Resume UptrendQCOM change to uptrend making higher high and higher low, breaking up EMAs. For early entry can enter anytime now, for more confirmation can wait it to break above previous high(141).
QCOM - Bullish Engulfing candle pattern on reverse zoneQCOM - Bullish Engulfing candle pattern on reverse zone
QCOM Qualcomm (long)Danger line, (red slashes)
the price should not drop from this line
it would not be good.
Any close above $135
means QCOM Still bullish
To me the goal is at $147
If you want to trade my recommendation is, in short term
buy at $133 sell at $ 140.5
invest at your risk trading is not probability, it is not certainty but possibilities
You can loose money. Times now are very risky for traders
Good luck
Charlie
QCOM gaining groundGlad to see QCOM come back up after bouncing off it's 200 day SMA.
It's also now regained it's 50 day SMA. RSI and MACD signalling room for more upside to come. All looking quite good.
Now it faces a former support zone as new resistance in the realm of 142-144.
QCOM (long)Nothing we have not seen before
Monday the drop to the above $135 close
i still long
I ´ve added the red slashed line to the graph
as well in purple; the MA ´s 20 blue, MA ´s 50 red, MA ´s 100 yellow
as you make your own conclusions
good luck
Charlie
QCOM price in consolidationQCOM price is currently under consolidation, forming a wedge, which could result in a breakout. Fundamentally, the company well-positioned to benefit from the emerging demand for 5G technology.
QCOM QUALCOMM INC (LONG)i guessed yesterday was a good momentum, and yes that ´s worked, luck :-)
maybe $147 as short term goal ??
RSI looking good too
Maybe... anyway that ´s my bet
Invest at your own risk i have not a cristal ball, that are just ideas :-)
Good Luck
Charlie
QCOM (Long)Still long today we got losses but...
i guess 5G is QCOM and lot of profits for QCOM are to come as well gubernamental contracts. just my guess do your investigation, on technical side look nice to buy, i mean good momentum, for sure maybe tomorrow it still goes down and is a even a better momentum not sure but now it ´s not bad
decisions are at your own risk get advise from professional (take this seriously, please)
Good Luck
Charlie
$QCOM - Qualcomm Inc Bounce Back - Volume
Despite a questionable downgrade and negative commentary the selloff in the stock has been very limited.
Today we seen a dip down to the 21ema and a strong reversal, buyers were happy to step in.
The stock is a laggard and still down 20% from its highs.
Alert set above the 8ema for a scale in entry with the dead cat bounce as strong resistance.
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QCOM LongThat ‘ s the big picture for Qualcomm, we have to break the resistance in white line to reach all times high
Good Luck
Charlie
QCOM Qualcomm I guess it could be a good momentum, for the stock, from where we are $137.5 to the upper green line on my chart, approximately $143 or $144, i personally expect in mid term $170 but as you must know technical análisis can help to manage risk, and make a decision, but can ‘t not predict probability, or certainty
Happy trading
Good luck
Charlie
QCOM closing strong on big resistanceQCOM has had trouble with this 140 level but it looked strong going into it Friday. Watching it close to see if we can get a breakout. It's gone up a good amount the past couple of weeks so I'm being more cautious with this one.
QCOM possible bullish!QCOM
chart setup on QCOM looking nice on 1hr chart,
base on technical patterns QCOM did a nice bounce double bottom
and ready for the breakout if the market continues to rally.
daily chart is bearish but just above the ema lines i need to see it break 142-144 to continue its up side.
buy above 141.21 and take profit at 141.84+
short 139.41 take profits at 138.24 or below.
