QCOM trade ideas
QCOM: The Sleeping 5G Giant AwakensOne of the major drivers of growth over the next few years will be technologies built around increasing the networking speeds of smartphones and computers. Qualcomm is at the center of that innovation, and they've proven themselves a technology and semiconductor powerhouse time and again. The last decade of smartphones I owned exclusively used QCOM chips in them!
QCOM is below it's 200 day average having missed the January rally that the rest of the market enjoyed. However, MACD has broken positive in the last week, and the histogram has been consistently positive since early January. Momentum has remained negative, but is closing on a zero crossing in the next week if the current price action takes hold. QCOM has had a weak uptrend for a month already that is slowly beginning to build steam according to ADX. Directional movement is showing a divergence between +DI and -DI with -DI crossing downward over ADX as a bullish buy signal according to my technical strategy. RSI has been over 50 for a while and is beginning to break 60 and approach 75, so this is still a good a good buying price.
For fundamentals, earnings reported at the end of January were strong, but QCOM seemed to languish horizontally along with the rest of the S&P500 for the month of February. P/E is at a comfortable 35 which is pretty low for the tech sector, and they have a large upward retracement from the Q3/Q4 2018 correction to recover. The P/E growth ratio is 1.42, so this is still more of a growth stock than a value stock, and it will begin to act like one once an upward price trend takes hold.
QCOM - LongTRADE IDEA
Long Entry = 53.59 (if it hits before breaking out)
Target 1 = 54.40
Target 2 = 54.71
Target 3 = 54.98
Stop loss = Daily close below 53.59
Trade is invalid if it drops to support based on bad news.
QCOM...Critical level approachingQCOM is a company I respect dearly, but as traders we must be able to emotionally detach ourselves if necessary.
Tomorrow is an earnings announcement for the chip producer and will provide a clearer picture of where the current price level may go. The $50 zone is critical and a brake below $48 dollars can spell trouble for bulls. The $45 zone is the last hope before complete capitulation.
Should we see an upswing, I suspect resistance @ the $54 zone.
Personally, I see an upswing very unlikely from a technical perspective.
QCOM has been battered on the fundamental front, including a contested buyout by Broadcom, which was ultimately denied by Trump, an FTC lawsuit challenging its patent based business model, and a bitter dispute with Apple, which left Apple seeking Intel as a chip supplier. The FTC lawsuit wrapped up earlier today, and the final result will be the driving force behind future price action.
In summary, the future doesn't look bright technically or fundamentally for the company.
QCOM until now .. there is no reason to buyQUALCOMM share gives no reason to buy .. until now the share in a downtrend in addition to the price broke the triangle last month.
I will waiting at 55.00 and search for selling opportunity/
QCOM BUY - STRONG SUPPORT AT 50.00 AND RSI OVERSOLD (DAILY)QCOM has shown strong support at the 50.00 level and are now looking to bounce back up. RSI oversold and parabolic SAR has moved below = BUY!
Time for a rebound?NASDAQ:QCOM found support from an almost decade long trend after being in free-fall since since September. This might be an intresting stock to hold onto this years since we will see 5G start to rollout.
This new 5G technology is going to be very present in our lives going forward. Not only in cell phones, but in self-driving cars, house appliances, ect... As the internet of things grows so will the use of 5G tech, and in turn Qualcomm products.
Will QCOM go tits up? TARGETS $42, $31, $25This company is a trainwreck. If the ABC plays out on major indexes (see my ES1! chart), we could break the $50 support here around end of March. Puts under $50 are gonna make millionares by 2020.
Qcom -Qualcomm LONG signalBullish divergence on 2 day tf and lower, 12h and 4h even 5 min, the buy zone represent a strong historical support, buying price and target 1 at the chart
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.
Qualcomm - 5G cell phone chipsNeed some snack food stocks. 5G chip manuf. QCOM at full retrace from recent rise. Buying some and setting 20% lower standing offer good til May.
Make you own decisions. Robotics, AI and other uses. Awaiting CCI pushing over 0 on weekly chart for strong wave up.
$QCOM Short $SPY $SPXWant to get this out quick before my lunch break.
Hopefully all you bears are making out today like bandits.
Shorting this lower - however still worried about the RSI
Moving AVG is very bearish
Qualcomm Inc. QCOMThe wireless standard for the next phone's generation 5G is one of the top interesting product that will be on every devices. We think that the first reveue of the new service will start to rump up in the first quarter of 2020.
Total debt: 16.4 Bilions
Net profit: 5.43 Bilions (2018)
For the fiscal year 2019 we estimate a total EPS of 3.95 $ (4.70 Bilions)
qcom Head n Shoulder set.idea on chart, but in short... Looking for two distinct direction on break. Until then, nothing but will keep eye with distinct entry/exit. Just my thoughts.
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.
