Long Idea12/Dec/2019 10:18 AM AUTHOR: Brandon Gum
--
QCOM is a harder stock to trade.
Only 1.8 RR here for the time being.
Better opps out there IMO
======================
QCOM trade ideas
$QCOM Trade setup in QualcommEntry level $87.60 with upside target at $99.39 on a breakout.
MACd and histogram very bullish.
RSI in bullish reversal.
7&12ma crossing imminent
QCOM Gap Fill ReversalQCOM previously gapped up and then retraced back down to completely close the gap. It has now broke that resistance of where the previous gap started in the daily chart. I expect QCOM to continue to push up to where it gapped up to in the first place around the 90 level. Got into this stock at $86
Hammer emerging on weekly chart, bullish reversalHammer doji emerging on weekly chart after piercing bottom trendline simply showing bullish reversal signal.
$QCOM 9ema dailyNeed QCOm above 9ema on the daily before I enter a bullish position. Watch for it here.
QCOM entry 79After a stellar earnings report a week or two ago, I am extending my Qualcomm trend line and looking to buy the dip to the trend line around $79 per share tomorrow.
QCOM SHORT LEGAL PROBLEMS IN HONG KONGQCOM IS FILING AN APPEAL AFTER BEING FOUND GUILTY IN HONG KONG OF UNFAIR BUSINESS PRACTICES!
QCOM looking for second supportQCOM failed to find support on ER gap
Now looking for secondary support on 100EMA
QCOM is making higher highs and higher lows in current up channel
Watch for support around 100EMA and strong bottom
QCOM- Possible retestAt 79-80. Negative MACD restrengthened on 4 hr and daily.
Daily MFI at lowest since April, while Accumulation at lowest since September.
Bull case: Recent gaps are filled, MFI getting close to oversold, RSI on its way towards oversold.
Bear case: Retest to 79-80 entirely possible with restrengthening of negative MACD on higher tf. 3 day and weekly MACD looking to possibly go red in the next week or 2.
Waiting on more candles to see if a pattern emerges on that down trend in black.
Not advice. DYOR.
Allow for consolidation and build position into the next earningAllow for consolidation and build position into the next earning
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.
QCOM supported on ER gapLooks like QCOM has found support on the ER gap and is set to consolidate here for a few days
Still early to get in but keep your eyes on it
Target for .5 fib retrace
Could see a nice, short bounce off the the centerline on QCOMHourly oversold conditions with bullish MACD divergence, could see a nice bounce tomorrow or after, but overall I think QCOM will go to mid LOW 80s.
Watching very closeStopped at gap fill today, tomorrow might be a small candle, doji or hammer. Will wait and then trade into next week
QCOM look for opportunity to long at 81Looking for opportunity to long at $81, heading towards $107 into 2020
Let's get crazy bullish on QCOMLooking for yield and growth, i don't see anything better than QCOM right now. I'm seeing a 20 year phase 2 hyperwave, we could possibly be in phase 3 right now. Once the yellow overhead resistance is broken on a monthly candle i feel good about confirming the phase 3 line.
