$QCOM in ascending triangle pattern$QCOM has a reversal in place with an ascending triangle formation. Very beautiful setup to enter long on this one.
Short Term Target: 144
Short Term Target 2: 152
QCOMCL trade ideas
QCOM LONGliking QCOM long once we break this bull flag on the 1D, looking to enter above 136, profit taking would be at T1 142 144 TP2 TP3 146 to test that next demand zone
QCOM, TIME FOR A REVERSALHello fellow traders and investors, here's another trade idea.
QCOM has recently pulled back to the support area, if QCOM makes a full recovery it offers a 24% ROI.
Technicals:
The Macd indicates that it's oversold and in an uptrend
The EMA's have just crossed over and are in an uptrend
When To Buy:
Now is a good time to buy.
When To Sell:
I recommend selling in the take profit area offering around a 24% ROI.
Fundamentals: QUALCOMM, Inc. engages in the development, design, and provision of digital telecommunications products and services. QCOM is sitting at a P/E of 22, a debt/equity of 2 which isn't great however they have a sales growth of 62% Q/Q, an Earnings Per Share growth of 166% Q/Q, and an ROI of 25%.
Rating: 90/100 since I like the technical setup a lot in this scenario and the only reason why they didn't get a 100/100 rating is because of their debt/equity which isn't great.
NOTE: I don't think I will be buying for a few days now since the overall market especially tech will most likely be pulling back.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
QCOM bullish breakout confirmationIMO this was great bullish confirmation on QCOM, touched downtrend channel breakout line
QCOM breaking out from a downtrend, price target 145$After testing the support around 127-130$ QCOM is ready to bounce towards 145$ after breaking out from a downtrend.
QCOM🌦Pattern recognized: Regular flat Elliot Correction Wave.
Thesis: Bullish sentiment.
Conclusion: Lower degree correction on the 5 min, look for upside.
My strategy: MEWT (MODIFIED ELLIOT WAVE THEORY).
***This does not constitute financial advice.***
We're goin back!Let' us analyze the pre-pandemic company results:
We can see a strong trendline was formed from the beginning of 2019.
From the middle of 2018 the company was doing good: the average earnings per share was 0.8, and was holding for 2 years
The average price was ~72 on that trendline.
The after-pandemic results are 2-2.5 which is 2-3 times more!
1. We are close to the trendline again, which makes strong buyout support.
2. The fair price today is between 72 * 2 = 144 and 72 * 3 = 216!
Therefore, we are way lower then a fair pice now, so the chances for the immediate reversal are extremely high!
Besides,
* RSI is on the low border
* EWO is close to the pandemic minimum
* the 120-130 gap from November is closed
* The 200-day sma corresponds the trendline, see the idea linked
TUZEMUN!!! :-)
QCOM High Conviction Trend ReversalQCOM at 200 SMA support and will likely revert back up or trade flat.
Trade Ideas
Shares : Long around the 200 SMA ($125) for $140 and $152.5+ Profit Targets.
Short Put : 110 strike expiring 4/16 for $1.3 Credit. Short 14.5 deltas with a 82.5% POP. $1000 BPE for a decent 13% ROC. Close at 50%-75% profit, 150%-200% Loss or 20 DTE, whichever comes first.
Put Credit Spread : 115-120 strikes for $1.33 Credit. 63% POP risking $367.
Call Debit Spread : ATM or maybe 1 OTM.
Weak chart: Not a QCOM year 😔I picked QCOM after it's earnings drop at the start of Feb. Overall guidance and earnings were positive, so it seemed like a no-brainer.
And the stock was between the 50 and 100MA at the time.... but this was a play that just didn't recover and I've been sleeping on it because I had planned it for the very long term.
Long term thesis: I think QCOM has a lot of potential long term. It is almost a 5g+ EV + semi conductor play put in one stock. But when I re-visit the weekly chart, the stock looks weak and ready for a further correction unfortunately.
I am not saying holding this stock for a very long term at current price is bad. But I see it being a lagging stock for 2021.
I have a decision to make to either close my QCOM and re enter a better dip later this year, which I believe is coming. Or, HODL, relax and dollar cost.
I may end up going for the sell on this soon and reconsider an entry in future.
Good luck traders.
QUALCOMM (QCOM) Buy Signals on D1.QUALCOMM (QCOM),D1: Mirror level + Bollinger bands + Harami/Inside bar + Oversold + Discount
QCOM - Daily oversold - PT: $240RSI indicator showing that Qualcomm is oversold. A reversal to max $220 - $240 is very likely.
For educational purposes only.
QCOM Gap Fill Reversal QCOM has filled a previous gap in its chart today, it has its 200sma around 124 as support. Now that the gap has been filled i believe a reversal is in play and will get bought up to the next layer of resistance around 135.
$QCOM Checks Our Level... Now it's InterestingQCOM shares have pulled back to extreme oversold levels in a gap-check move into $135-140 support ( as we predicted ). With MACD starting to flash the green light, the stock should be on the radar.
Weekly Outlook! 3/1 - 3/5Here we go over last weeks video and we take a look at a few things we are keeping an eye on for the coming week!
Qcom Qualcomm Inc have a median target of 175.00, with a high estimate of 200.00 and a low estimate of 122.00. The median estimate represents a +31.18% increase from the last price of 133.40
Qcom channel trade Hit rock bottom after a earnings sell off followed by Nasdaq mini correction. bounce off the bottom of its channel today and I grab some contracts for 2 reasons.
1st - Over sold on all indicators RSI , MFI. and touch bottom of its. channel
2nd - President signed executive order for chip manufacturers (Sympathy play)
Yellow line is a downtrend .
Green lines are fibonacci targets , 100 day MA is also around 147$ area. will need strong volume to push through .
Double bottom at 151 which should help it closed that gap to 160
QCOM - Short Setup Break 142.43. Stop signal 146.53, stop 152.57. Target 1 126.23. Momentum Target from there. Strong insider selling end of last year. Could consider May $140 Puts
QCOM: Worldwide 5G Phones ReplacementSentiment play: Worldwide 5G Phones Replacement
Uptrend following
Based on Fibo retracement currently at strong support.
If break the support, to execute CL immediately, 1% below the support.
TP at fibo extension, 1.618 resistant.
There is no perfect trading. Ready to CL whenever require.
