Snapdragon 8 Elite
Qualcomm has been in a rising trend as shown by MA, but after ATH, the price falls into a REC. Price moves between two lines that are not parallel. It is an expression of indecision among investors about the direction.
Significant break up or down, preferably with large volume, will give the direction, at least in the short term.
Lately, there is no good correlation between price peak and volume peak.
The sum of price momentum indicators goes from sell to buy during a month on Trading View.
Analysts are predominantly bullish on the stock.
Qualcomm, as often seen, went above expectations in its Q4 advance financial statements a week ago.
The price jumped up briefly but is back in the REC I mention.
Qualcomm has had a conflict with Arm for a few years, but Qualcomm diversifies and develops their own technology.
The British chip design company Arm has revoked a license that allows the chip manufacturer Qualcomm to use Arm's intellectual property rights to design chips.
But how important will it be?
Qualcomm has developed a new processor Snapdragon 8 Elite, which is said to be based on Qualcommt's proprietary processor design Oryon. Supposedly, the new processor is faster, better suited to AI and will be implemented in mobile phones within weeks.
Remember you must do your own research and assessment before buying and selling.
Disclaimer: I have a position at Qualcomm.
Significant break up or down, preferably with large volume, will give the direction, at least in the short term.
Lately, there is no good correlation between price peak and volume peak.
The sum of price momentum indicators goes from sell to buy during a month on Trading View.
Analysts are predominantly bullish on the stock.
Qualcomm, as often seen, went above expectations in its Q4 advance financial statements a week ago.
The price jumped up briefly but is back in the REC I mention.
Qualcomm has had a conflict with Arm for a few years, but Qualcomm diversifies and develops their own technology.
The British chip design company Arm has revoked a license that allows the chip manufacturer Qualcomm to use Arm's intellectual property rights to design chips.
But how important will it be?
Qualcomm has developed a new processor Snapdragon 8 Elite, which is said to be based on Qualcommt's proprietary processor design Oryon. Supposedly, the new processor is faster, better suited to AI and will be implemented in mobile phones within weeks.
Remember you must do your own research and assessment before buying and selling.
Disclaimer: I have a position at Qualcomm.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.