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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! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise
NASDAQ:QCOMShort
by AyBe_Invest
2
$QQQ Bullish Reversal or Dead Cat Bounce?This is a daily candle chart of the Q's. I'm not to convinced that todays action was anything material to the trend. The major support line from the covid trough breakout is broken. Minor support from the peak at $382.11 has not been reclaimed. The index is below the 50 day SMA. Moreover, the support line on the RSI that coincides with the previous tests of the minor support at $382.11 also failed to be reclaimed on todays rally. The long term trend is still in tact IMO and my thought process is the QQQ consolidates vs breaking down and correcting. Thoughts?
NASDAQ:QQQ
by Breakout_Charts
MSFT Nice reaction to the previous high area.Today, Microsoft stock (MSFT) retested the previous swing high in this uptrend, which came along with a weekly rsi "reset" to 52. The two previous times msft's weekly rsi has touched 52 has been at $212, and $200. As you can clearly see in the chart, we are in an uptrend, consistently making higher highs and higher lows for the past ~280 weeks. For uptrend dip buyers, the opportunity here is fantastic (once we confirm reversal). As someone who is already holding the stock in profit, my plan is to carefully watch the current price action, to confirm we have put in a higher low. If price begins to close below $300, I will consider selling my position. Even though I'm not a professional, I felt that I needed to share this as msft's situation feels very precarious and I believe holders must be on the lookout. Thanks for reading!
NASDAQ:MSFT
by fomo_sapien
Buy this tech stock with GTC stop lossesThe last time I saw a long possibility in this stock (linked), my stop losses triggered. Now I see a better long setup and I am buying shares again. Strong buy indicator - stochastic gave a bullish sign when the rising price was matched with %K (blue) moving from under 20 to over 80 in three candles. Price often reverses down after this and I look for a good buy entry. RSI made a sharp move over 70 when price rose over the resistance line, which indicates underlying strength. When this happened in June, it was a failed breakout and there was no support from stochastic. If this trade idea works, RSI should move/hold over 50 and buying volume will increase. The green lines indicate bullish divergence between price and RSI. Price is holding just at/over yellow dashed resistance line.
NLong
by OptionsRising
ATOS: Selling rallies as lower prices are expectedATOS - Intraday - We look to Sell at 38.73 (stop at 41.72) The medium term bias remains bearish. Trading within a Bearish Channel formation. A move lower has resulted in prices breaking from the previous range and confirmed our bearish expectation. The formation has a measured move target of 30.61. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 38.73, resulting in improved risk/reward. Our profit targets will be 30.60 and 28.00 Resistance: 38.74 / 41.13 / 47.16 Support: 36.40 / 36.00 / 34.62 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:ATOShort
by Saxo
Xiaomi bottomed - We are heading towards new All-time highs!Hey Investor, please see my current idea on the Xiaomi stock, where my count suggests a possible bottom for a trend reversal in order to make new highs. This is calculated based on my Elliot Waves Count by the fact, that wave C has the same length as wave a. I have checked the inner structure of wave C in order to check the inner structure of this wave. Based on this knowledge I am very confident that we might have our bottom here. Let me know what you think. This is no financial advice, just my technical view. RT
HKEX:1810
by RT_Trading_
1
$NDQ #QQQ $QQQ pulling a Wu-Tang patternlooking at the 1hr chart, there is a classic W pattern formation going on here. December was a tough month for tech, and looks to be finally recovering. This weeks moves show a break above the prior down channel, with tightly wound consolidation. TBH I see this going in either direction, but with the tax loss harvesting done for 2021, my money is on volume buy-ins this month, with a beginning of a reversal in March when tapering is ending and rates are set to go up. NFA
TVC:NDQ
by corgicapitalllc
Hello Group lost big support levelThis stock has been slashed over this year. It has lost an important support level and it's following the same trend as other companies such as Robinhood, Bumble, Victoria's Secret, Vimeo or Deliveroo + the Chinese Crisis. We expect someday a trend reversal, so for now we recommend to place price alerts. Key level, the weekly resistance line (at $12 per share - a good one for selling-short). Moreover, it's not a bad entry for swing traders with stop loss on last lows, as a bullish divergence on the daily chart is almost complete.
NASDAQ:MOMO
by alvaromroo
1