QCOM swing trade ideaQCOM swing trade idea
QCOM broke an ascending triangle to pick up some
momemtum.
Clear MACD crossover on the 4H and will bring MACD
confirmation on the daily.
RSI is looking very strong on both timeframe giving previous
momentum confirmation.
Price is above the 10MA for both.
Weekly support at 144.82
PT : 153.75 / 156.98 / 161
QCOMCL trade ideas
QCOM12/27/20 - 1d Time Frame
1. Price action seems to be consolidating at the 151-141 area
2. MACD - lines seems to be converging and histogram seems to show downtrend losing momentum
3. Stochastics at oversold level at the 1day time frame - bullish
**We could see a bullish run once price goes over the 8/21 ema and MACD starts to kiss and point upwards.
Disclaimer:
My post in this channel should not be used as a replacement for investment advice from a qualified professional. All my post is for my own chart analysis practice, informational and entrainment purposes only as I am not a registered investment advisor and do not offer investment advice. You, the reader, bear responsibility for your own investment and trade decisions and should seek the advice of a qualified securities professional before making any investment or trade.
$QCOM Qualcomm INCI'm really digging this setup. Longterm i am bearsih but for the short term i am bullish until it reaches the (POI) and then, we wait and see if the price breaks above the (POI) or shows a pull back. IF it breaks above leave your positions open and if it breaks below take your profits and open a short position and the TP will be 💵💵💵. As simple as that.
I came to this conclusion after a multiple timeframe analysis but these scenarios can change anytime so keep an eye. So far it looks fat and juicy.
I can't stress enough, always use a stoploss.
Trade Safe.
Like if you like my analysis.
Thanks.
QualcommTuesday, 15 December 2020
5:23 AM (WIB)
Billions, maybe trillions of times a day…
That’s how often people around the world touch something made better by Qualcomm. It could be the smartphone in your pocket, the tablet on your coffee table, that wireless modem in your briefcase… it could even be that navigation system in your car or that action camera strapped to your chest. Who is Qualcomm, and what do we do? We are engineers, scientists, and business strategists. We are from many different countries and speak many different languages. We come from diverse cultures and have unique perspectives. Together, we focus on a single goal—we invent breakthrough technologies that transform how the world connects, computes, and communicates.
We often do what many thoughts were impossible.
Related Links:
www.qualcomm.com
www.youtube.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
$QCOM - wedge + consolidation + news = winWith baited breath I wait for QCOM to finish consolidation and for the volume on their news to pay off in a short rally.
Other than being slightly over bought, there is nothing hurting this stock - folks are taking profits and it patiently waits for its turn with the volume.