QCOM ; Weekly Ascending Triangle formingTriangle forming over past 5 months with a potential breakout above 80.
QCOM in the strong Semiconductor sector.
QCOM trade ideas
$QCOM Trend-break imminent in Qualcomm. Bullish.Entry level $81 = Target price $89 = Stop loss $78.50
Indicators bullish.
Stock in congestion reaching the apex.
Sentiment has turned on China truce.
Average analysts price target $83.26 | Overweight
P/E ratio 27 (quite high)
Company profile
QUALCOMM, Inc. engages in the development, design, and provision of digital telecommunications products and services. It operates through the following segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on technologies for the use in voice and data communications, networking, application processing, multimedia, and global positioning system products. The QTL segment grants licenses and provides rights to use portions of the firm's intellectual property portfolio. The QSI segment focuses on opening new or expanding opportunities for its technologies and supporting the design and introduction of new products and services for voice and data communications. The company was founded by Franklin P. Antonio, Adelia A. Coffman, Andrew Cohen, Klein Gilhousen, Irwin Mark Jacobs, Andrew J. Viterbi, and Harvey P. White in July 1985 and is headquartered in San Diego, CA.
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.
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Qualcomm Harmonic trade ideasThere are a couple potential harmonics playing out on Qualcomm. The green pattern pictured is a bullish Cypher, with an entry just below $70. If one were to play this conservatively, taking a stop loss at the lower A leg, there will still be a 3.29 reward/risk ratio if a stop is placed below X.
If the price rises to above $84, we'll be in the pattern completion zone for a bearish Gartley, which presents a potentially profitable shorting opportunity. The reward/risk ratio of a short at this level would be 2.99, if played conservatively by taking profit at the higher C leg.
QCOM broke rising triangle supportQCOM has to move downward after break the pattern support, potential short term downtrend. The risk is retracement to the support before falling further
Entry: Red colored
QCOM wedge and things-Possible divergence on Accumulation/Distribution
-Potential wedge on the daily. Expect possible up day tomorrow barring any trade news, then fall out next week.
I currently hold a long position. Do not take this as advice. This is for fun and to watch my skills or lack thereof. lol
QCOM Short PlayHello,
This is a short I would like to share with all. This setup has many similarities to a short play on DISNEY.
+ There is still uncertainty regarding tariffs, and I don't think the leaders will resolve the issue within the time frame of this trade to interrupt it.
Rising wedges are my favorite :)
$QCOM looking good for a break.(QCOM)Looking like a good LONG with a possible breakout pattern coming alone.
$QCOMTwo plays here:
1) Wait for breakout and retest of 72 level (200 MA) and aim for top of triangle
2) Short the Golden ratio / top of triangle. Trim at every dollar.
Short trade QCOMNice set up for a swing trade on NASDAQ:QCOM . Could also be a great day trade with different entry, stop loss and target.
Price breaking down under 100 SMA, and 13 EMA crossing down 50 EMA.
Nice gap and go, could head lower today and over the next few days.
ENTRY @69.76
STOP LOSS @72.46
TARGET @65.95
Qualcomm Inc (QCOM) short.All description on the chart.
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Thank you.
QCOM earnings could be better than analysts expectThe semiconductor has been hot lately, with recent earnings beats from MU, INTC, TSM, and TXN. These companies' performance implies that demand in this sector has recovered faster than analysts expected. That bodes well for Qualcomm, which posts earnings results Wednesday. The Zacks Earnings Surprise Prediction is 0%. However, QCOM has a long history of beating earnings expectations, which it's done for the last 8 quarters straight.
Technical analysis from Recognia and TradingCentral indicates that QCOM is in Elliott Wave 5, headed toward a price target of $80-82 per share. That's at least 6.5% upside from the current price. According to TipRanks, the average analyst price target is $84.70, which is 12.5% above the current price.
Analyst ratings on the stock are surprisingly mixed, given the high average price target. QCOM has a "sell" rating from Zacks, the most accurate analytics firm, and a 6/10 ("neutral") Equity Summary Score from Thompson Reuters StarMine. Investor sentiment appears neutral overall, with the stock holding above its daily moving averages, but MACD is below the signal line on both the hourly and daily charts. The price is currently below its 20-hour moving average and slightly below its Hull Moving Average. The price shadow on the candlestick chart implies that sellers are currently in control, but that buyers are waiting for a green light to take over.
The bottom line for me is that investors and analysts may be undervaluing Qualcomm and underestimating its prospects of an earnings beat, given the overall strength of the sector and the company's history of beating estimates. Qualcomm has strong support at its current level from both the volume profile and the daily moving average, which makes this possibly a good entry.
In the event of an earnings miss, the price could find earnings-day trend line support around $72.88 or moving average support around $67.50. Meeting expectations could leave the stock in a slow downtrend. An earnings beat could send the stock to $78, $79, $80.75, or $82.50. A really big beat could send it as high as $86 on earnings day.
QCOM stock. About to begin a rebounding trend19-JUL
www.pretiming.com
Investing position: In Falling section of high risk & low profit
S&D strength Trend: About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations
Today's S&D strength Flow: Supply-Demand strength has changed from a strong selling flow to a suddenly strengthening buying flow.
Forecast D+1 Candlestick Color : RED Candlestick
%D+1 Range forecast: 1.6% (HIGH) ~ -0.7% (LOW), 0.1% (CLOSE)
%AVG in case of rising: 2.0% (HIGH) ~ -0.8% (LOW), 1.1% (CLOSE)
%AVG in case of falling: 0.8% (HIGH) ~ -2.1% (LOW), -1.6% (CLOSE)
