End of the line for Qualcomm. QCOMForm time to time at the end of an impulse we may see a pretty small flat before bigger drops to follow. Here, we believe that this may be the case here. It might meander before potentially giving us bigger drops.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
QCOM
Semiconductors at long-term supportWhen looking at a weekly chart, it is easier to see if an asset is in a bullish or bearish trend.
Taking a look a the SOXX, we see we are at a potential place for a bounce.
I chose the 52 exponential-moving average because there are 52 weeks in a year, and it has worked very well in the past.
A close on a weekly basis below this level is the signal to get out. If we can hold though, it would be a strong bull case for a bottom.
QCOM will bleedRide the current trend. Or stay in cash till it drops to $130.
Put options are too expensive at the moment so its not worth doing PUTS.
If shorting fees are low then go ahead.
I'm heavy cash waiting for the market to reverse.
Expect the market to continue to bleed for a few more weeks.
QCOM PredictionsHere is my insight on QCOM
For the bounce case
~ 4 hr chart has not broken the support yet signifying we could see a bounce before going through it.
~ slight RSI bullish divergence in last 2 days signifies a small pullback could come.
~ we are on the 0.382 fib zone which is a zone to watch since pullbacks on an uptrend like that zone.
~ After going down a whopping 14 percent, we are due for a dead cat bounce of a possible 2-5 percent
If bounce exists
~ Since we broke the 200 ema it is likely we could go back to it and bounce off. This PT/put entry point would be 169 - 169.50
~ The 1hr chart hasn't pulled back to the emas yet after crossing them. The 50 ema would be the first to touch and would be at 173-174 range, which ironically is also a big zone of resistance from previous bottoms. This would be the ultimate entry point for puts, and a good stop loss for puts...If we go higher than this we are going back on the bull run.
Puts case
~ the 4 hr chart has already broke and then bounced off the 200 ema. SO it is not out of the question that we can go lower.
~ We just need to break this support. once we break the support, we are going to go back up to it. I'd wait for the support to break and the bounce to occur before entering puts.
Qualcomm Breaking Down? Qualcomm - Short Term - We look to Sell a break of 170.96 (stop at 181.39)
Intraday signals are bearish. Previous support level of 174.00 broken. Closed below the 50-day EMA. We look for losses to be extended today. We look to set shorts in the early trade.
Our profit targets will be 138.48 and 130.12
Resistance: 174.00 / 190.00 / 200.00
Support: 164.00 / 150.00 / 125.00
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QCOM holders, be careful!I think QCOM can get a big correction if it fails to hold the red demand line. A parabolic step could indicate the 4th and final step being taken. This is followed by a minimum 50% correction. The chart seems to have followed wave lengths so far, which would mean it could do the same and make a round top. As long as good ER and news comes out, macro bullish trend continues imo.
Is Qualcomm a durable tech stock?Hi everyone,
Today we will talk about NASDAQ:QCOM , a semicunductor manufacturing company.
As we saw almost all tech stocks selling off from late November through to 2022, NASDAQ:QCOM managed to stay up there quite nicely.
The question to ask now: Is it lagging?
Will [ symbol="NASDAQ:QCOM"]NASDAQ:QCOM follow broad tech market and proceed to a major correction?
Or will it continue grinding higher?
Inasmuch as semdiconductor industry is carrying world's supply chain on its shoulders, I still think we could see a correction in the stock.
We've got a looming danger of Fed's interest rate hike somewhere in March-June this year.
I cannot believe any risk asset such as tech stock would stand still when it happens.
Putting macro stuff aside for a moment, we can see a similar pattern in the past of the stock price, where ATHs were reached, touching a rising trend resistence, which led to a rapid 26% correction and 260 days consolidation in the lower range.
I strongly believe that the conditions are ripe for the same scenario to repeat.
I will buy the stock after new consolidation pattern is established, preferrably near 150 level.
Please let me know if you found my macro rant useful and if you would like to see similar content in the future.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
QCOM - Qualcomm Inc.Bought position into break of pivot from the previous earnings-gap run. This is the fourth attempt to breakout from this pivot. Stop loss below the low of the day.
Bigger picture, the stock is breaking out from a large base to new all-time highs and remains one of the leaders in the market. It has big growth numbers and is in one of the strongest areas of the market.
$QCOM approaching ATH.$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,
welcome to this free technical analysis . ( mostly momentum play )
I am going to explain where I think this stock is going to go over the next day or week play and where I would look for trading opportunities.
If you have any questions or suggestions which stock I should analyze, please leave a comment below.
If you enjoyed this analysis, I would definitely appreciate it, if you smash that LIKE button and maybe consider following my channel.
Thank you for stopping by and stay tune for more.
My technical analysis is not to be regarded as investment advice. but for general informational proposes only.
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
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
$AMD: Classic DotCom bubble $QCOMAMD has had quite a run over the past 3 months building a lot of negative divergence in both MACD and RSI (Same as $AFRM - buy time and there will be a dumpster fire). Similar to dotcom bubble QCOM, just another ponzi scheme by WallStreet to ensure the next generation remains wage slaves - totally love this perspective.
Having said that:
$AMD Long above 164.46: Targets - 172,177
$AMD short below 155.64: Targets - 150,147
Lastly, shout out to the bulls, we need them to have a steady employment rate in the country.
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: $5.40/contract
QCOM Similar pointsOn this chart I have used Gann and a Parallel channel to display two similar points in the evolution of QCOMS value
Where the green Gann fan and Parallel channel meet through the uptrend can be considered similar both because of there place on the chart, and price action
Using this I have plotted a white Bars pattern, where I expect price to move to
Using the MavilimW indicator, it can be seen within both wedges , the indicator becomes very unstable, swinging between up and down
Perhaps an intrinsic property of the Wedge pattern
This is the weekly chart for QCOM
Long | QCOM | Intraday 11/16/21NASDAQ:QCOM
Possible Scenario: LONG
Evidence: Price Action , Dark pool activity, Options flow.
Entry point: current price, it can drop more but not important.
TP1: 176$
Call options 12/17/21 strike 170$
Call options 11/19/21 strike 172.5$
*This is my idea and could be wrong 100%.
Every Traders and Analysts should know their Limitations!In this article, I would like to review some of my best trades in the past 2 months!
My goal is to talk about earnings and how unpredictable their outcome could be.
In the past few months, I have tried to find reliable methods to predict the price movement after the earnings!
Unfortunately, I did not find any reliable and fairly accurate method so far!
Having said that, I prefer to stay out of trades before earnings to manage the risk of exposure to big gaps!
I do this because I know it is in my favor in the long term!
For example, I opened a perfect entry at 125.5 for Qualcomm, and closed with a +7.66% gain before the earning! It popped with +12% after earnings!
Should I regret it?
My answer is NO, I am actually very proud of this trade, although I missed the bigger chunk of profits in this trade, my decision was right in Palantir and AMC case!
PLTR: trade closed with +10% in 21 days
AMC: trade closed with +26% in 4 days
Also, I prevent a catastrophe in PYPL: closing with a -2.16% loss.
But why should I be proud of my trade?
I think any trader needs to define his rules and follow the rules!
In the long term, those who do not follow their rules will have the same result, most of them will fail..!
How did I decide to not hold my positions during earning calls?
I apply one of the game theory rules!
Minimax
In game theory, minimax is a decision rule used to minimize the worst-case potential loss; in other words, a player considers all of the best opponent responses to his strategies and selects the strategy such that the opponent's best strategy gives a payoff as large as possible.
The name "minimax" comes from minimizing the loss involved when the opponent selects the strategy that gives maximum loss and is useful in analyzing the first player's decisions both when the players move sequentially and when the players move simultaneously. In the latter case, minimax may give a Nash equilibrium of the game if some additional conditions hold.
Minimax is also useful in combinatorial games, in which every position is assigned a payoff. The simplest example is assigning a "1" to a winning position and "-1" to a losing one, but as this is difficult to calculate for all but the simplest games, intermediate evaluations (specifically chosen for the game in question) are generally necessary. In this context, the goal of the first player is to maximize the evaluation of the position, and the goal of the second player is to minimize the evaluation of the position, so the minimax rule applies. This, in essence, is how computers approach games like chess and Go, though various computational improvements are possible to the "naive" implementation of minimax. (Brilliant)
Minimax has many applications:
In game theory or decision making, a tactic in which individuals attempt either to minimize their own maximum losses or to reduce the most an opponent will gain. For example, a health researcher may propose an intervention that would be the least aversive treatment for a serious disease, thereby minimizing the adverse effects patients may expect to experience as a result of the disease.
I can apply what I learned in med school to the market!
When should you use Minimax in trading?
The answer is simple:
Always..!
Actually, Minimax is the mathematical reason behind using stop loss!
I think I do not need to talk about the importance of stop-loss, I just want to mention WD Gann quote about stop loss:
"Stop loss orders are a trader's best friend."
Price Gap:
Generally speaking, stock prices experience a price gap after earnings! makes it very hard to execute your stop loss without slippage if you are on the wrong side of the trade! this slippage could harm your overall performance in long term as a trader!
Decision-making in the presence of uncertainty.
Minimax, as the name suggests, is a method in decision theory for minimizing the maximum loss. Alternatively, it can be thought of as maximizing the minimum gain, which is also known as Maximin.
It all started from a two-player zero-sum game theory, covering both the cases where players take alternate moves and those where they made simultaneous moves. It has also been extended to more complex games and to general decision-making in the presence of uncertainty.
Stock Market is a Non-zero-sum game, While options are a zero-sum game!
To wrap it up, you should use minimax when your opponent is very sophisticated and its activities are very unpredictable!
No need to say that market is very sophisticated and unpredictable!
"Why do you think the same five guys make it to the final table of the World Series of Poker EVERY YEAR? What, are they the luckiest guys in Las Vegas?"
-Mike McDermot, 'Rounders'.
Reference articles:
brilliant.org
dictionary.apa.org
uh.edu
becominghuman.ai
NQ - 4Hr + Macro / Gamma - Delta Accident - JPow Fools AgainThe Macro Data Calendar for Today:
Non-Farm Payrolls
Average Hourly Earnings
Unemployment Rate
Coupons - $8.425 Billion 2s to 4s.
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ZN continues to Trade the Lower End of the Range.
The BOE Stick saved the US Treasury Market, although FED FUNDS...
Disagree - www.cmegroup.com
Oops... Again - www.cmegroup.com
Powell Blindsided everyone with the Taper while FED FUNDS...
Accident moving forward in TIME.
2x Ooops.
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Our Thesis was the Federal Reserve would begin to move forward,
quickly forward to Increase FED FUNDS far more rapidly than the
Retail Trader/Investor anticipates.
This Thesis has been ongoing since JULY 2021.
2024 to 2023 to 2022 to now 2021.
We were Correct - 100% Correct.
Thereby creating a large Event taking the Equity Complex to its knees
and down to the 200SMAs, where they would find minor support for
a Counter-Trend, only to reverse and Trade to closer to the 400SMAs.
Nothing, and I am quite resolute in this Thesis, has changed.
The Probability has increased substantially - Exponentially.
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Disagree?
Up to you, it is your Capital @ RISK.
We continue to mount a large Position in Options for the IMPENDING
reversal.
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NQ will be in 8/9 today, the Price Objective we stated for the Profit
Target... was met during Globex @ 16424. SOLD NQ on a FR.
Resistance has Traded First.
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I have been repeatedly Asked in PM @ TV why I am a "Bear" in this
Mania.
Answer: Continue to chase Gamma/Delta, we Fade it, there is no
Top Picking is ongoing, there is, however, an acute understanding of
how this ends, and it will.
Positioning for it, taking heat... taking losses, all part of the entry.
We hold no Underlying Sells in the NQ ES YM RTY.
We do Hold Derivatives in the QQQ SPY SMH TQQQ TSLA QCOM
TLT AMC AAPL and continue to build on these Positions from
November to January.
Top pickers have at it, wading in is more our style and we know
how to do so with a minimal negative effect - Hedge Underlying.
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We see a very large Market Dislocation directly ahead.
Agree/Disagree - immaterial.
It is our Trade Plan and it is not changing, not remotely.
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The unwind will be of extreme velocity, most will indeed miss
the majority of the Negative Price Actions.
Presently - 32% Positioned into the impending SELL.
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Trade Safe everyone - HK