QCOM - Testing Support & due for bounceQCOM has been very weak relative to market. But, target has been reached on H&S pattern, and now testing support which has held since April 2016.
QCOM trade ideas
qualcomm is preparing to raise there many waves here if we look short its might fall little bit then it wil raise
QCOM is heading upQCOM is heading up because the 21dma has crossed up the 50dma and they are both well below the 200dma.
This is my magical indicator that I learned from weeks and weeks of study.
Trading at 55.40 tonight...
The next resistance looks to be at about 57.50.
Admission to the the May 18 55/57.5 long call dance hall will cost $1.16, with max profit of 93%
A more neutral outlook might go for the 52.5/55 Show at $1.55 with Max P. at around 60%
Or if gambling isn't your thing (...it kinda is, tho), the 50/52.5 game will cost $1.85 and you'd only take home 35% if you win.
Or if gambling is totally your thing, the 57.5/60 is .77 ie max profit of 225%. OH YASSS.
QCOM: The Sleeping 5G Giant AwakensOne of the major drivers of growth over the next few years will be technologies built around increasing the networking speeds of smartphones and computers. Qualcomm is at the center of that innovation, and they've proven themselves a technology and semiconductor powerhouse time and again. The last decade of smartphones I owned exclusively used QCOM chips in them!
QCOM is below it's 200 day average having missed the January rally that the rest of the market enjoyed. However, MACD has broken positive in the last week, and the histogram has been consistently positive since early January. Momentum has remained negative, but is closing on a zero crossing in the next week if the current price action takes hold. QCOM has had a weak uptrend for a month already that is slowly beginning to build steam according to ADX. Directional movement is showing a divergence between +DI and -DI with -DI crossing downward over ADX as a bullish buy signal according to my technical strategy. RSI has been over 50 for a while and is beginning to break 60 and approach 75, so this is still a good a good buying price.
For fundamentals, earnings reported at the end of January were strong, but QCOM seemed to languish horizontally along with the rest of the S&P500 for the month of February. P/E is at a comfortable 35 which is pretty low for the tech sector, and they have a large upward retracement from the Q3/Q4 2018 correction to recover. The P/E growth ratio is 1.42, so this is still more of a growth stock than a value stock, and it will begin to act like one once an upward price trend takes hold.
QCOM - LongTRADE IDEA
Long Entry = 53.59 (if it hits before breaking out)
Target 1 = 54.40
Target 2 = 54.71
Target 3 = 54.98
Stop loss = Daily close below 53.59
Trade is invalid if it drops to support based on bad news.
QCOM...Critical level approachingQCOM is a company I respect dearly, but as traders we must be able to emotionally detach ourselves if necessary.
Tomorrow is an earnings announcement for the chip producer and will provide a clearer picture of where the current price level may go. The $50 zone is critical and a brake below $48 dollars can spell trouble for bulls. The $45 zone is the last hope before complete capitulation.
Should we see an upswing, I suspect resistance @ the $54 zone.
Personally, I see an upswing very unlikely from a technical perspective.
QCOM has been battered on the fundamental front, including a contested buyout by Broadcom, which was ultimately denied by Trump, an FTC lawsuit challenging its patent based business model, and a bitter dispute with Apple, which left Apple seeking Intel as a chip supplier. The FTC lawsuit wrapped up earlier today, and the final result will be the driving force behind future price action.
In summary, the future doesn't look bright technically or fundamentally for the company.
QCOM until now .. there is no reason to buyQUALCOMM share gives no reason to buy .. until now the share in a downtrend in addition to the price broke the triangle last month.
I will waiting at 55.00 and search for selling opportunity/
QCOM BUY - STRONG SUPPORT AT 50.00 AND RSI OVERSOLD (DAILY)QCOM has shown strong support at the 50.00 level and are now looking to bounce back up. RSI oversold and parabolic SAR has moved below = BUY!
Time for a rebound?NASDAQ:QCOM found support from an almost decade long trend after being in free-fall since since September. This might be an intresting stock to hold onto this years since we will see 5G start to rollout.
This new 5G technology is going to be very present in our lives going forward. Not only in cell phones, but in self-driving cars, house appliances, ect... As the internet of things grows so will the use of 5G tech, and in turn Qualcomm products.
Will QCOM go tits up? TARGETS $42, $31, $25This company is a trainwreck. If the ABC plays out on major indexes (see my ES1! chart), we could break the $50 support here around end of March. Puts under $50 are gonna make millionares by 2020.
Qcom -Qualcomm LONG signalBullish divergence on 2 day tf and lower, 12h and 4h even 5 min, the buy zone represent a strong historical support, buying price and target 1 at the chart
QCOM Earnings: Test of 2-year ResistanceQCOM looks like it wants to test it's 2 year support at the $50 mark. Secondary support is somewhere around $43. QCOM is coming off of a finished head and shoulders pattern, making its D leg downward. Typically a D leg is finished by a sharp reversal. In case of negative earnings, QCOM will likely drop well below the $50 support and have a sharp reversal upward. If earnings are positive, QCOM will likely bounce off the $50 support and make a less drastic reversal upward. Fisher transform also indicates the potential for an upward reversal. With QCOM's extreme debt levels, the FED put will serve them well going forward.
