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QUALCOMM INC

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QCOM trade ideas

QCOM Earnings: Test of 2-year ResistanceQCOM looks like it wants to test it's 2 year support at the $50 mark. Secondary support is somewhere around $43. QCOM is coming off of a finished head and shoulders pattern, making its D leg downward. Typically a D leg is finished by a sharp reversal. In case of negative earnings, QCOM will likely drop well below the $50 support and have a sharp reversal upward. If earnings are positive, QCOM will likely bounce off the $50 support and make a less drastic reversal upward. Fisher transform also indicates the potential for an upward reversal. With QCOM's extreme debt levels, the FED put will serve them well going forward.
NASDAQ:QCOM
by Derivati_Capital
1
Qualcomm - Looking for Re-EntryThe tech sector continues to get hammered and it brings down the good with the bad. Qualcomm' is still undervalued here in my opinion, and as we closed out our recent options contract for a profit we are looking for another re-entry. Initially the bullish swing looked promising, but the recent bars are showing we likely retest the lows, between 54.0-56.0. What looked strong now looks like further weakness, but we are only at the beginning of a technological revolution with 5G and the IoT. New products and productivity create growth and Qualcomm' is positioned to take advantage of this with their new Snapdragon processor and 5G modem. Not only that Qualcomm' still has a cash hoard and pays a fat, juicy, delicious 4% dividend. We are using our options strategy to get paid to acquire a stock we do not mind owning at 60.0. We are looking at several semi conductors as market sentiment continues to be dim on the tech sector. Fundamentally nothing has changed. Disclosure: No current position but looking to sell PUTs in the near term.
NASDAQ:QCOMLong
by goldbug1
1
Qualcomm - Leader in 5G - Adding via Options StrategyQualcomm is building a nice bullish reversal structure off the key 54.0 level and is poised to move higher. Initial resistance is 62.0 but if broken shouldn't take long to test the 68.0 in the next month. With the introduction of the first 5G phone next year, they are way ahead of the others. Beaten up, left for dead, time to look to add this quality dividend payer to the portfolio! We are using an options strategy to acquire the stock. Disclosure: Currently Short 57.0 PUT Strike
NASDAQ:QCOMLong
by goldbug1
6
QCOM - Bullish-neutral Iron CondorYear-long cyclical pattern, within a wide parallel ascending channel (not shown to prevent clutter) is the current predominant price action, showing clear supply and demand zones. Expecting price to finish upswing or remain neutral at least until close to or at the next earnings season. 50/52.5/65/67.5 JAN19 IRON CONDOR @ 0.66 CREDIT General plan: Roll if necessary & if possible mainly to reduce risk. Target maximum profit, unless significant profit appears early. Comment or direct message for discussion, or on other interesting ideas! Follow for updates.
NASDAQ:QCOMLong
by themdtrader