QCOM broke rising triangle supportQCOM has to move downward after break the pattern support, potential short term downtrend. The risk is retracement to the support before falling further
Entry: Red colored
QCOM trade ideas
QCOM wedge and things-Possible divergence on Accumulation/Distribution
-Potential wedge on the daily. Expect possible up day tomorrow barring any trade news, then fall out next week.
I currently hold a long position. Do not take this as advice. This is for fun and to watch my skills or lack thereof. lol
QCOM Short PlayHello,
This is a short I would like to share with all. This setup has many similarities to a short play on DISNEY.
+ There is still uncertainty regarding tariffs, and I don't think the leaders will resolve the issue within the time frame of this trade to interrupt it.
Rising wedges are my favorite :)
$QCOM looking good for a break.(QCOM)Looking like a good LONG with a possible breakout pattern coming alone.
$QCOMTwo plays here:
1) Wait for breakout and retest of 72 level (200 MA) and aim for top of triangle
2) Short the Golden ratio / top of triangle. Trim at every dollar.
Short trade QCOMNice set up for a swing trade on NASDAQ:QCOM . Could also be a great day trade with different entry, stop loss and target.
Price breaking down under 100 SMA, and 13 EMA crossing down 50 EMA.
Nice gap and go, could head lower today and over the next few days.
ENTRY @69.76
STOP LOSS @72.46
TARGET @65.95
Qualcomm Inc (QCOM) short.All description on the chart.
Please, don't forget to like and follow.
Thank you.
QCOM earnings could be better than analysts expectThe semiconductor has been hot lately, with recent earnings beats from MU, INTC, TSM, and TXN. These companies' performance implies that demand in this sector has recovered faster than analysts expected. That bodes well for Qualcomm, which posts earnings results Wednesday. The Zacks Earnings Surprise Prediction is 0%. However, QCOM has a long history of beating earnings expectations, which it's done for the last 8 quarters straight.
Technical analysis from Recognia and TradingCentral indicates that QCOM is in Elliott Wave 5, headed toward a price target of $80-82 per share. That's at least 6.5% upside from the current price. According to TipRanks, the average analyst price target is $84.70, which is 12.5% above the current price.
Analyst ratings on the stock are surprisingly mixed, given the high average price target. QCOM has a "sell" rating from Zacks, the most accurate analytics firm, and a 6/10 ("neutral") Equity Summary Score from Thompson Reuters StarMine. Investor sentiment appears neutral overall, with the stock holding above its daily moving averages, but MACD is below the signal line on both the hourly and daily charts. The price is currently below its 20-hour moving average and slightly below its Hull Moving Average. The price shadow on the candlestick chart implies that sellers are currently in control, but that buyers are waiting for a green light to take over.
The bottom line for me is that investors and analysts may be undervaluing Qualcomm and underestimating its prospects of an earnings beat, given the overall strength of the sector and the company's history of beating estimates. Qualcomm has strong support at its current level from both the volume profile and the daily moving average, which makes this possibly a good entry.
In the event of an earnings miss, the price could find earnings-day trend line support around $72.88 or moving average support around $67.50. Meeting expectations could leave the stock in a slow downtrend. An earnings beat could send the stock to $78, $79, $80.75, or $82.50. A really big beat could send it as high as $86 on earnings day.
QCOM stock. About to begin a rebounding trend19-JUL
www.pretiming.com
Investing position: In Falling section of high risk & low profit
S&D strength Trend: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed from a strong selling flow to a suddenly strengthening buying flow.
Forecast D+1 Candlestick Color : RED Candlestick
%D+1 Range forecast: 1.6% (HIGH) ~ -0.7% (LOW), 0.1% (CLOSE)
%AVG in case of rising: 2.0% (HIGH) ~ -0.8% (LOW), 1.1% (CLOSE)
%AVG in case of falling: 0.8% (HIGH) ~ -2.1% (LOW), -1.6% (CLOSE)
QUALCOMM HAD 65% REVENUE EXPOSURE IN CHINA, TEMPORARY RELIEF ?Mr Trump has ensured that the can get kicked down the road for another few months or possibly for much longer until he is reelected. This weekend's meeting with XI resulted in America gaining nothing but china Gaining a truce on tariffs and opening up the USA suppliers to Huawei, Mr Trump will feel a little more pressure as a result. In the short term chip stocks will rally and take the NAsdaq to new highs and Qualcomm could very well be one of the hottest stocks to own considering its high exposure to China.
QCOM Gap FillQCOM is testing resistance before the gap in its daily chart. Looking for this gap to fill up to $76 for 8% gain.
Daily QCOM price trend prediction by Supply-Demand strength.26-Jun NASDAQ:QCOM
Price Forecast timing analysis by pretiming algorithm of Supply-Demand strength
Investing position about Supply-Demand(S&D) strength: In Rising section of high profit & low risk
Supply-Demand(S&D) strength Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand strength has changed to a strengthening buying flow when stock market opening.
read more: www.pretiming.com
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 2.4% (HIGH) ~ 0.0% (LOW), 1.6% (CLOSE)
%AVG in case of rising: 3.7% (HIGH) ~ -0.1% (LOW), 2.7% (CLOSE)
%AVG in case of falling: 0.7% (HIGH) ~ -1.9% (LOW), -1.0% (CLOSE)
Price Forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
QCOM stock price forecast timing analysis.14-JunStock investing strategies
Read more: www.pretiming.com
Investing position about Supply-Demand(S&D) strength: Strong buy as Rising section of high profit & low risk
Supply-Demand(S&D) strength linkage Trend Analysis: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's Supply-Demand(S&D) strength Flow: Supply-Demand strength has changed to a strengthening selling flow when stock market opening.
D+1 Candlestick Color forecast: GREEN Candlestick
%D+1 Range forecast: 3.2% (HIGH) ~ 0.2% (LOW), 2.3% (CLOSE)
%AVG in case of rising: 3.5% (HIGH) ~ -0.2%((LOW), 2.5% (CLOSE)
%AVG in case of falling: 0.6% (HIGH) ~ -2.0%(LOW), -1.1%(CLOSE)
Stock Price Forecast Timing Criteria: Stock price forecast timing is analyzed based on pretiming algorithm of Supply-Demand(S&D) strength.
$QCOMPossible break out coming for $QCOM. Looking at this stock there are three resistance lines. If it breaks through the first at $71.67 (+2.5%) we can see a nice run to around $79.12 (+13%) and best case scenario up to $86.45 (+23.5%). Look to buy now and sell when it bounces off one of these resistances. MACD indicating that there’s momentum going into the stock and RSI is showing that the stock isn’t over bought. Definitely has some room to run.
