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QCOM

QCOM trade and the (Fisherman) setupTook a long position today on QCOM , and it worked well. entry point was $75, and the first target is $83.6, with a possibility that i just hold it for a long term (I like QCOM for the 5G motion) i wanted to share this trade cause it's a classic example of a setup that i call "the fisherman" - and while it's very easy to learn and use, it can provide high probability trades. here's how the fisherman works... - first we need to look at a Renko chart - you can see from the dual view here how super easy it is to see the signals on a Renko vs a regular bar or candle chart - Renko is a real secret weapon -- maybe we talk more about that in future posts - on the price chart, i have the MagicWave - ignore the Wave (aqua/orange) line, the other lines are a 10sma (purple) and a 30ema (blue) -- easy to add to the chart individually. the main one we need is the 30ema - on the lower panel there's my own version of the Balance Of Power - but you can use the Dual RSI indicator that i published before. why we need this? cause it shows momentum for 2 periods, a fast and a slow - and that's important for the signal we want to see. use a fast length of 5 (yes we want this to be really fast) and a slow length of at least 6 to 8 times the fast - we don't want the slow length to be "too sensitive". how does the fisherman setup work? what signals do we look for: 1- the price will cross the 30ema going up (the yellow circle), at the same time, both the fast and the slow momentum (RSI) will go positive (as in the yellow box) 2 - the price will retrace back towards the 30ema then will bounce off the 30ema (the green circle), and at the same time, the 30ema will start moving up creating a bottom - the shape in our green circle looks like a "hook" - that's the fisherman's hook :) 3 - super important, while the price is doing "the hook", the fast momentum moves down, maybe even into the negative zone, *but* the slow momentum remains green - the setup fails if the slow momentum also goes negative - we need to have a positive "backdrop" that shows there's a prevailing commitment to the upside 4 - The Entry: you're the fisherman, you have the hook, and now you need to "catch" an entry as low as possible for maximum profit - yes, we will be "bottom fishing" here :). in today's trade, i got lucky and caught the $75. 5 - The Position: once in the trade, we set the target and exit loss .. and back to our regular programming :) i hope some find this useful - practice the fisherman setup and add it to your arsenal of possible setups or even as a way to validate your good trades and entries (the fisherman can also be used in catching a good entry for a short, the hook will be the other way around. see if you can identify the 2 other fisherman setups on QCOM since the beginning of March - zoom our the Renko as needed) good luck!..
NASDAQ:QCOMEducation
by RedKTrader
2
QUALCOMM IS A STRONG BUY NASDAQ:QCOM price action has defined a ascending triangle, a strong breakout and bounce after the retest confirms the market structure is in play. The trade opportunity is to bet long entries from $87- $90 , the measure profit target is at $150 with a stop loss at $80. this trade idea is validated if price trade below the ascending (green) trendline. it also important to note that this structure is formed on a HTF which will mean a start of a bullish run for this stock
NASDAQ:QCOMLong
by lexcel
QCOM - DAILY CHARTHi, today we are going to talk about QCOM and its current landscape. We can observe at this timeframe, a confluence of technical factors, that entail a setup which might drive this asset to a new movement. The details of our analysis are highlighted in the chart above. Want to know more about our trades and ideas? Join the Traders Heaven today. Thank you for reading and leave your comments if you like. To have access to our exclusive contents, and see more of our work, join the Traders Heaven today! Link Below. Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should be used or take it as financial advice.
NASDAQ:QCOM
by Igor-Silva
QCOM - DAY TRADE Hi, today we are going to talk about QCOM and in a Day Trade opportunity. We observe a 15m chart, some important points such as supports and resistances (and levels of strength) to the Day Trade. The details are highlighted above. Thank you for reading and leave your comments if you like. Join the Traders Heaven today, for more exclusive contents! Link bellow! Disclaimer: All content of Golden Dragon has only educational and informational purposes, and never should use it as financial advice
NASDAQ:QCOM
by Igor-Silva
Meeting with tech executives on Huawei ban at White House - NewsReported by Reuters White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd , two sources briefed on the meeting said on Friday (July 20th). Treasury Secretary Steven Mnuchin will also attend the White House event, to which chipmakers Intel Corp and Qualcomm Inc have been invited, the people said. The subject of Huawei was expected "to come up but that it is not the reason why they are convening the meeting," said the official, who spoke on condition of anonymity. The future of U.S. companies' ties to Huawei, the world's no. 1 maker of telecommunications equipment, remains uncertain after the Trump administration put the company on a blacklist in May, citing national security concerns. One of the people briefed on Monday's meeting said Broadcom Inc was also invited to the White House event. Microsoft Corp was also expected to receive an invitation, the person said. ----------------------------------- *We could possibly see some volatility this week with this meeting.
NASDAQ:SOX
by dorfmanmaster
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.
NASDAQ:QCOMLong
by pretiming
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.
NASDAQ:QCOMShort
by pretiming