QCOM in Buy ZoneMy trading plan is very simple.
I buy or sell when at three of these events happen:
* Price tags the top or bottom of parallel channel zones
* Money flow spikes beyond it's Bollinger Bands
* Stochastic Momentum Index (SMI) at near oversold overbought level
* Price at Fibonacci levels
So...
Here's why I'm picking this symbol to do the thing.
Price in buying zone at bottom of channels
Stochastic Momentum Index (SMI) at oversold level
Money flow momentum is spiked negative and under at bottom of Bollinger Band
Entry at $158.5
Target is upper lower channel around $172
QCI trade ideas
QCOM eyes on $158.81: Key Resistance to break and resume UpTrendChips have been suffering under the uncertainty of Trump.
QCOM had some good news that might help it paint a bottom.
$ 158.29-158.81 is key resistance for bulls to flip into support.
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QCOM cautiously bullish 4h timeframe multi timeframe confirmation just dropped in my lap.
I see strong BUY confirmation based on our momentum framework.
🔹 **Trade Direction:** Long (Bullish Reversal)
🔹 **Entry:** $156 - $157 (Current zone)
🔹 **Stop Loss:** $152 (below recent swing low)
🔹 **Target 1:** $164 (short-term resistance)
🔹 **Target 2:** $171.50 (previous support-turned-resistance)
📊 **Probability & Justification:**
- **Momentum Shift:** Price stabilizing after a steep sell-off, potential for mean reversion.
- **Indicators:** Stochastic RSI heavily oversold across all key timeframes, strong buy signals on multiple intervals.
- **Moving Averages:** 9/21 EMA still bearish, but price attempting to reclaim key levels.
- **Volume Profile:** Increasing buy-side pressure indicates accumulation.
⚠️ **Risk Considerations:**
- A break below $152 invalidates the setup.
- Price action must confirm a higher low before strong upside.
- Volatility at 31.5%—expect swings; patience required.
📉 **Bias:** Cautiously bullish—confirmation needed for continuation above $164.
Trading idea - Entry point > 174/61.80%Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 174/61.80%
Chart time frame: D
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress: B
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) 61.80% support
D) Hit the bottom
E) Hit the top
Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern.
When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point.
As a great help, tradingview provides these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved.
If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks.
If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
Qualcomm Incorporated (QCOM) In November 2024, Qualcomm outlined plans to diversify beyond smartphone processors, targeting $4 billion in annual revenue from its personal-computer business by 2029. This strategy aims to challenge industry leaders like Intel and AMD. The company also seeks to generate an additional $22 billion annually over five years by expanding into PCs, vehicles, and the Internet of Things (IoT). This diversification is crucial as Qualcomm anticipates a reduction in business from Apple, which is expected to transition to in-house modem chips for its iPhones.
In October 2024, Qualcomm introduced the Snapdragon 8 Elite, a new processor featuring the custom Oryon CPU cores. This release marks Qualcomm's first custom microarchitecture for smartphone SoCs since the original Kryo cores.
Qualcomm: Target Zone Active!QCOM is still trading outside our blue Target Zone, which spans from $159.57 to $121.52. While the stock has fulfilled the technical minimum requirement for the blue wave (IV) by reaching this range, we primarily expect further sell-offs and lower lows before the correction is complete. A premature breakout will only be confirmed if the price sustainably surpasses the $182.08 mark (37% likely).
Breaking: QUALCOMM ($QCOM) Shares Dip 5% In Premarket tradingShares in Qualcomm fell more than 5% in Thursdays premarket trading as a disappointing forecast for no growth in its patent licensing business overshadowed a higher-than-expected outlook for sales and profits.
The shares fell 4.2% in extended trading on Wednesday, having closed up 1.6% on the day in regular hours. Qualcomm stock is up 14.5% this year.
Despite the poor results It is pertinent to note that In 2024, QUALCOMM's revenue was $38.96 billion, an increase of 8.77% compared to the previous year's $35.82 billion. Earnings were $10.14 billion, an increase of 40.24%.
Analyst Forecast
According to 27 analysts, the average rating for QCOM stock is "Buy." The 12-month stock price forecast is $207.25, which is an increase of 17.85% from the latest price.
Technical Outlook
As of the time of writing, (NASDAQ: NASDAQ:QCOM ) stock is down 5.11% in Thursday's premarket trading with recent trading session closing with a moderate RSI of 66 however there will be an impediment today on the growth of NASDAQ:QCOM as a gap down is inevitable which is a bearish pattern that leads to further dip.
In the case of extreme selling pressure, immediate support lies in the 61.8% fib retracement level. A dip to this could set NASDAQ:QCOM on a bullish course as liquidity has being swept on recent dip.
QCOM: High-Probability, 1to5 Risk/Reward SetupQCOM has gapped up into a significant resistance area and is now testing its 200 EMA, a key technical level that often draws attention from institutional traders, who are able to move the price significantly. Then you have the general public FOMO, who are long because last year was 'so good'. This creates an attractive risk/reward trade opportunity.
For Chart Enthusiasts: A potential head-and-shoulders pattern is forming:
Left shoulder: March 2024.
Head: All-time high on June 18, 2024, at $230.
Right shoulder: The current price action, which appears to be breaking lower.
For the Normal People In simple terms: QCOM established a base around $160 in March 2024.
It rallied sharply, reaching $230 within a few months.
Now, 10 months later, the price has returned to where it began, with heavy trading activity as buyers and sellers clash:
Buyers: Believe this level will hold and the price will rebound.
Sellers (like me): Expect this level won’t hold, and the price will drop further.
My Position:
I got short here with a stop-loss just above the 200 EMA and targeting mid to low 150s (that is actually more then 1to5 R/R)
This risk/reward setup is very appealing, especially if we see weakness in the broader market or the semiconductor sector. (That "if" is the key point. If not, i'll be very quick to cover).
Navigate with care,
OnlyTrade2Win.
QCOM pounding on support for multiple weeks.The chart of QCOM (Qualcomm) has been consolidating on a trend line for the last few weeks. This trend line also happens to be the neck-line for a head and shoulders (Bearish) pattern. Expect the stock to fall substantially should it confirm below the neck-line.
Target price after head and shoulders completion $85
Morning Overview: SPY Ranging with Potential to the UpsideIn this video, I covered all of the stocks I am looking at for potential pullback entries. I explained why I like them. I also showed patterns in certain tech charts. NYSE:HPE NASDAQ:PYPL NASDAQ:PLTR NASDAQ:WDAY $NYSE:JOBY. I talked about the current range in the AMEX:SPY and what we can look for there. I also covered two trades that I am currently in.
$QCOM #QCOM Fakehead out before a down moveH&S but buy signal at 151..
if 153.33 is not broken,
then we might see 182-192
which will be a fakeout
before a down move if price is a fractal.
H&S has played out with 1/3rd of measured move
Otherwise buying here would offer great risk to reward
if selling is done..
be careful around 182-192 area
Death Cross and Bear Flag in Qualcomm?Qualcomm has drifted since the summer, and now the bears might be stepping in.
The first pattern on today’s chart is the sideways drift that began in August. Following declines in June and July, that series of slightly higher highs and higher lows may be viewed as a bearish flag. Recent moves below the range could also be interpreted as a breakdown.
Second is the $180.95 level where the chip stock closed before its July 31 earnings report. Prices tested and failed at that level after the last set of numbers two weeks ago. Is resistance taking shape?
Third, the 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA in late September. That may suggest QCOM’s longer-term trend is weakening.
Finally, our 2 MA Ratio custom script in lower study shows how the 8-day exponential moving average (EMA) has slipped below the 21-day EMA. That may suggest its shorter-term trend is also weakening.
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QUALCOMM DEEP DIVE (DD): A Trillion dollar Market Cap InboundQUALCOMM DEEP DIVE (DD):
A Trillion-dollar Market Cap Inbound
In this video, we will be doing a DEEP DIVE into:
1.) NASDAQ:QCOM H&S Pattern
2.) Why Qualcomm is a great investment, 6/6 score
3.) Implications for NASDAQ:INTC & NASDAQ:MBLY if they're acquired by Qualcomm. BULLISH MOBILEYE!
4.) Combining fundamental & technical analysis into investing
I worked really hard to prepare this video; if you enjoy it, please consider sharing. 🙏
NFA
#investing
QUALCOMM (QCOM): Diversified Growth Amid DowntrendQualcomm ( NASDAQ:QCOM ) presents an intriguing setup as we believe the wave I and a larger cycle might have concluded. Following its peak, NASDAQ:QCOM has dropped nearly 30%, retracing back to the range high. To finalize wave (A), we expect an additional leg down to complete the intra 5-wave structure. The likely target lies between $143 and $133, a range that aligns well with the Point of Control (POC) from March 2020 to now. This adds confluence to its significance as a potential support zone.
Despite the technical setup, we caution that the risk for a long position remains high. A more favorable entry could arise once NASDAQ:QCOM reclaims the range, validating the start of a potential bullish wave.
For the current quarter, Qualcomm projects revenues between $10.5 billion and $11.3 billion, with automotive sales anticipated to rise 50% year over year. CEO Cristiano Amon’s strategy to diversify Qualcomm beyond smartphones into chips for PCs, cars, and industrial machines underscores the company’s adaptability.
The next financial results release is scheduled for January 29, 2025, offering further insights into Qualcomm’s trajectory.
The $143-$133 range is a key zone for potential support, bolstered by its alignment with the POC. A decisive break below this zone could invalidate the bullish outlook, while a breakout above the range high may provide an opportunity to long this stock with lower risk. The completion of wave (A) would ideally coincide with a structural turnaround.
We are closely monitoring NASDAQ:QCOM for any signs of a reversal. Should the stock confirm a reclaim of the range, we may consider initiating a long position with a more precise stop-loss strategy. Until then, patience and vigilance are essential.
Qualcomm: Target Zone Ahead!While many tech-sector stocks are aiming for new highs, QCOM remains locked in a narrow range around the $170 level. Last week, the stock initially reacted to the 23.60% retracement and now hovers near the edge of our blue Target Zone (coordinates: $159.57 to $121.52). Our primary expectation is for the blue wave (IV) to extend further below the support at $151.39, where we anticipate its low point. Technically, a direct breakout to the upside is also possible, as our Target Zone – and thus the minimum correction threshold – has already been reached. If the price decisively breaks above the resistance levels at $193.84, an overarching alternative wave count will come into play (probability: 33%).
Snapdragon 8 EliteQualcomm has been in a rising trend as shown by MA, but after ATH, the price falls into a REC. Price moves between two lines that are not parallel. It is an expression of indecision among investors about the direction.
Significant break up or down, preferably with large volume, will give the direction, at least in the short term.
Lately, there is no good correlation between price peak and volume peak.
The sum of price momentum indicators goes from sell to buy during a month on Trading View.
Analysts are predominantly bullish on the stock.
Qualcomm, as often seen, went above expectations in its Q4 advance financial statements a week ago.
The price jumped up briefly but is back in the REC I mention.
Qualcomm has had a conflict with Arm for a few years, but Qualcomm diversifies and develops their own technology.
The British chip design company Arm has revoked a license that allows the chip manufacturer Qualcomm to use Arm's intellectual property rights to design chips.
But how important will it be?
Qualcomm has developed a new processor Snapdragon 8 Elite, which is said to be based on Qualcommt's proprietary processor design Oryon. Supposedly, the new processor is faster, better suited to AI and will be implemented in mobile phones within weeks.
Remember you must do your own research and assessment before buying and selling.
Disclaimer: I have a position at Qualcomm.