QCOM Gap FillQCOM has had a great run up, but its now over exhausted and has closed under its 9ema and 20sma on the daily chart. I'm looking for it to retrace to $78.5, then fill the gap downward toward $71-72. I jumped into short at $82.25 by buying a couple $82 PUT options Shortby BBTrader291
QCOM - Great RR setup, 20% zipper in coming monthMorning traders, On mondays open I plan on opening a middle June to end of June put spread on this asset. Let's dive in. 1) Weekly shows signs of clear exhaustion and indecision, we have a doji print. 2) RSI is exhausted and printing downwards 3) Slowstoch is at the peak and is bearishly crossing 4) VFI has flattened out, likely the high of this move with downside coming next week. 5) MACD is bullish, but expecting the first negative tick next week. 6) Stoch RSI shows it's about to correct. With a RR of 3.76 and a 19.53% potential return, this is a juicy short. Last week QCOM had the highest amount of shorts opened, and I expect that to continue once it gets going. I'm targeting the major support zone which also coincides with the 0.618 @ 69.03 China news can propel this thing at any moment, so it should be an interesting, and profitable week. As always, if you enjoy my content hit that like / follow button, and I always post @ www.twitter.comShortby ant187Updated 227
QCOM Potential set upsAfter a less than stellar earnings, which hit the $90 called for in my previous analysis of QCOM, Price action was too mixed at open for it to be good. -Earnings couldn't change MACD, RSI is still overbought, and looking a lot like consolidation. -Potential for either a rising wedge or an ascending channel. Both of which tend to break with gravity. I'm loading cheap puts right now. Looking for the $84 may 24th or further out to hit under $100 a contract. Already holding some for the 17th.Shortby MichaelMFUpdated 112
QCOM - ShortAfter a very impressive 50% plus price gain following QCOM/AAPL dropping their beef, the price now looks primed to short. Sub 80 by end of this week or next? Odds look good!Shortby jdharwardUpdated 111
QCOM- Bulls gonna bullOverbought currently on RSI and MACD looking like it could cross over soon. As much as I'd love to see that gap fill from the 14th-15th of April... Upward trend line (in blue) retested on Friday before jumping, BB have cleared way to allow a run up. Ichimoku- Conversion line in blue moving up and away from the base line in red. Wouldn't be surprised if we see a red day or 2 before earnings, but not really expecting it... IF resistance breaks at $88.50 and IF it holds, we could continue on up towards ATH from 2000 of around $90 easy and maybe hit new ATH. (Don't forget it's still overbought though. Could get choppy.) Have been trying to decide what to play for earnings, was leaning towards a strangle. Semi's not really having a good earnings szn, and looking like it's cyclical and that most if not all Semi's will be bad (my opinion). With that said. QCOM is getting upgrades from lots of analysts for the next few years not just quarter. Apple settlement, it's dominance in 5G and modem speed compared to most competitors. Clearly we're gonna be looking for Apple to announce that they're using 5G QCOM modems.(Prob on models for 2020, but who knows) Apple reports after close on the 30th. I will definitely be checking out calls for QCOM that day. Not advice. JSLongby MichaelMFUpdated 2
QCOM and a lesson in greedOptions can be very rewarding, and they can be devastating. It's important to keep your emotions in check and TAKE PROFITS when the stock market presents it to you, sometimes on a silver platter even.Longby mrmaximo740
QCOM- Which direction?Watching this for now. Daily, Qualcomm is wayyyy overbought. This could help us understand what's going to happen in the future whether it wants to keep on trucking, or if it's losing some momentum and people are going to take some profits here.by MichaelMFUpdated 1
QCOM Waiting to strikeWould love to pick some more up but want a better price. Bought on the break, but sold into to strength feeling it was extended. Still like the story so hoping this will pull back to gap support.Longby WadeYendall4
Well, it's finally happening...QCOM has had quite a run, but this has been overdue for quite some time. It took longer than I expected, but it's finally flipping on multiple short term time frames. Qualcomm, from my observations moves in multiples of four time increments on this chart. Anything less than eight minutes is basically meaningless, unless you are day trading a run. Essentially from top to bottom, green (the 20 MA), red (the 50 MA), and black (the 90 MA) is bullish. And the opposite for bearish. As you can see, QCOM hasn't broken the 90 this entire run, and only flirted with breaking the 50. Until today. It is fully flipped to bear (first time since the run began) on the eight minute, and the 12 minute. It's about to flip on the 16, and is also close on the 32. The 12 seems to be most reliable for predicting multi day trends. But when it flips on higher time frames as well... I certainly would not invest against it. Shortby eb8222
QCOM is coming back to realityI was looking at this on much shorter time frames, and thought I would zoom out to see if longer term agreed. Here comes gravity. Shortby eb8Updated 660
So over bought it's not even funnyThis is counter trend as 71% of options are on calls, but's it's so overbought right now, it's not even funny. A retrace is inevitable. Shortby eb80
Qualcom Could Reach 100.00 in a Few WeeksIn two amazing trading days this week Qualcom (QCOM) rose 45%, incredible for a large cap stock. Also incredible is that QCOM appears to have completed a nineteen year Elliott Wave - Horizontal Triangle probably one of the largest examples ever. Usually after a Horizontal Triangle there is a powerful thrust which can be measured by the widest part of triangle. The widest part of the QCOM triangle (100.00 - 11.61 = 88.39). 88.39 x .618 = 54.62 added to the termination point of the triangle at 49.10 targets QCOM 103.72 very close to the all-time high of 100.00. Mark Longby markrivest121224
Potential short to fill the gapI believe the gap will be filled, and I'll play long at $71Longby dissoupov0
$QCOM chatterWe didn't officially take $QCOM in our chatroom, but our chatroom was buzzing hard as soon as this beast started waking up, in the pre 60's. It hit 80 plus today. Surround yourself with bright people, join our chat. Did you miss this trade? Join our video chat room, where our master traders call out live trades, provide market commentary and answer your stock trading related questions in real time. bullsonwallstreet.comLongby kunal001
MOONSHOT - attacking the most violent stock on earth!Qualcomm is probably the most violent stock on the planet. The resent trip to the moon was a result of the signing of a truce with Apple (APPL). Apple - the giant - had sued Qualcomm for $30 billion in an overcharging dispute. Qualcomm had fired back with a paltry $7 Billion counter-suit for lost payments. They settled their dispute and investors went into a frenzy. But have a look at this chart on any time frame. It's not just about the recent lawsuit. I've never seen such volatility before, in all my years. So - how does one exploit this. Volatility is supposed to be essential to making money in markets - right? Errrh.. so why is this one gonna scare a lot of people? The problem is in finding entry and exit positions! Those with keen eyes, have a look at the amber ATR indicator. Nearly every time there is a Grade A trend switch, $$ should flash in your eyes! It then becomes simple. The trend could decide your entry and exit points! No predictions! Now the challenge is to find a suitable trend switch on the recent moonshot! Note the folly of shorting on ridiculously high or low RSIs. On this chart the RSI peaked most recently at 95. Shortby Captain_WalkerUpdated 2
QCOM pullbackI mean its been overbought. Any short within 57~77 would do, IMHO. Hold for couple days then take profit or ride with earnings if you think QCOM will fail.Shortby PlayerInvictusUpdated 221
QCOM: Pro traders' end of day reaction to AAPL newsThe huge candlestick yesterday was NOT HFT activity. A run occurred toward the end of the day, driven by pro traders who received early news regarding the settlement of a 3-year lawsuit with AAPL. Pro traders initiated the end-of-day run and smaller funds’ VWAPs triggered to continue the end-of-day run on high volume. by MarthaStokesCMT-TechniTrader1