QCOM trade ideas
$QCOM - Tripple bottomed!The stock has been dropping with seeming no strong support.
122 area has held 2 times previously.
With RSI being oversold and been for a while, it could be that the support area could hold.
Entry - 122 - 123
Exit - 135
Stop loss - 120
———————————————————
How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
QCOM Basic Analysis/Prediction (with fibs)Neutral TA Analysis on QCOM showing the best support lines to buy when an opportunity is available...
QCOM longEntry price: 124-128$
Target price: 139-141$
Keltner Channels: The price is oscillating close to the lower boundary.
RSI: under 30 level, thus the asset is oversold.
Fib Retracement: The price is approaching 0 Fibonacci level.
Fib Time Zone: The price movement is supposed to occur around 14th of October.
Conclusions: RSI, Keltner Channels and Fib Time Zone suggest the trend reversal in the near future. Therefore, the long position is recommended between 0 and 0.236 Fibonacci levels. Moreover, the price is likely to achieve the target around 0.786 Fib level as there is very strong resistance zone.
No financial advice.
Qcom Falling wedgeOversold on Bollinger bands, RSI and MFI.
First target - Gap close at 1333
2nd target - 138 fib resistance
Sitting In the exact same position as the spy and qqq in their megaphones
$QCOM - Calls above 134.5 | Puts break below trend line$QCOM - watch for Calls above 134.5 or Puts break below trend line
QCOM - strong support at $133There are at least 5 levels of confluence for QCOM at $133. If the current range POC is lost, this should be a strong level of support for a long position.
$QCOM Qualcomm On Reversal Alert
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice.
Thank you for taking time to consult our chart and we would really appreciate a like, follow or comment.
$QCOM - my favorite developing positionQCOM is looking to break out of a symmetric triangle, and I think we will be seeing that soon. QCOM was +0.78% yesterday, even with the market flush, allowing it to close within the triangle.
Right now I am expecting to see a breakout to the upside and a PT of ~160 as the LOW on the breakout.
Positive signs: 30 week MA breakout several weeks ago, and successful backtest. 30 week is starting to curl to the positive side, and yesterday QCOM finished up when the market had a major flush.
Negative - ample overhead resistance we need to get above.
What I am watching for: Since we are in this "middle area", waiting for the breakout is ideal here. I wont be taking a trade until QCOM can breakout of the triangle. I am watching the 150 level closely as well. If we can get the breakout to the upside I will be looking at 155c's 30 DTE + on the backtest.
$QCOM - Weekly breaking down, looking for puts$QCOM - Weekly breaking down, looking for puts below 141
QCOM gonna be super explosive. Especially short term (2022-2023)This should be a millionaire maker stock..Mostly by 2022/2023 leaps will help
QcomThis range is exciting for me, 139.70-141$ is big support. As long as we hold on this cloud we should see a bullish push. Qcom has held in the ichumochi cloud throughout the whole trend. It’s hard to say it would break now so I would Ramon bullish here
$QCOM now one of my short term favsQCOM looking to breakout of a symmetric triangle for a intermediate wave 3 of a primary 1. PT will be ~160.
Support: AVWAP and 30 week MA curling support below
Resistance: between 149-150 is last major resistance holding back the launch to 160
How to trade this: Right now we could still consolidate until early October. Create trendline break alerts and >150 alert. On QCOM breakout wait for slight backtest (strong breakouts dont have to fully backtest, so on breakout all dips a buy). At that point 155c several weeks away could be an effective position to take for the ride to 160. Stop loss would be set under the 149 resistance turned support
QCOM / Flag pattern on a great technical context Today we will speak about QCOM on a range situation that we like the context.
What can we see here?
- The price is inside a range since January 2021
- Currently, the price is supported on an ascending trendline + relevant support/resistance zone level.
- Another important aspect of the chart is that we can see a fully formed ABC flag pattern with great proportions.
- If we consider the current ascending channel (which is like an expanding one), we can see the price in the lower range of it. That means that if the bullish movement appears as we expect, we can think of targets on the next resistance level or in the other extreme of the expanding channel.
- We have defined an activation level above "B." In general, terms that are the safer place to execute setups (we avoid A LOT of fakeouts)
- If the price reaches the activation level and then everything goes as Sh@&t. It's important to know where we will say, "hey is time to leave this idea." That place is below "C."
- If the price never reaches the activation level and keeps falling, we will cancel our view if we see a new low
- The expected time of resolution for this idea if everything goes as expected is between 30 and 45 days.
- What about the risk?: ALWAYS BETWEEN 1% TO 2% (Why are you shouting...?) Because this is the most relevant aspect of trading. You MUST protect your capital, and the only way of doing that is having great risk management because bad times will come, always come, and you need to be ready to absorb those stops like a champion.
Thanks for reading, guys! We wish you a great trading week.
QCOM in Ascending Triangle $180 PT If you are looking for a 5G play QCOM is a stock you should consider.This fairly valued company trading at just under 20 PE and a 2% dividend is set to grow its business exponentially due to the roll out of 5G. QCOM is well positioned for the roll out of 5G as they manufacture the leading 5G chip called the snapdragon. Also, the infrastructure bill is a looming catalyst as it would allocate over 7b to the roll out of 5G. Given QCOM is trading in an ascending triangle I believe we will break to the upside as 72% of the time in this pattern there is a break to the upside. My price target is $180 for QCOM.
Qualcomm: Golden Cross and Inside WeekAfter nine months of sideways movement, Qualcomm may be coming back to life.
The main feature on the semiconductor maker’s chart is the “golden cross” of the 50-day simple moving average (SMA) above the 200-day SMA. The pattern occurred last Tuesday, August 24.
Next is the price zone around $145. It was the close following a strong quarterly report on November 5 and support through late February. It next served resistance until July 29, when QCOM gapped above on another set of bullish numbers. Since then, it has turned back into support. This level also is also near the confluence of the 50- and 200-day SMAs.
Third, consider the descending trendline since the end of July. This creates the potential for a bull-flag breakout if QCOM manages to close above it.
Finally, the stock just completed a bullish inside week. That may suggest it’s nearing the end of a consolidation phase and getting ready to move again.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Symmetrical Triangle - Watching closelyPersonally am bullish on QCOM here- Approaching the end of a large symmetrical triangle while also sitting right on its 50-day EMA as well as its 200-day SMA (not pictured). Will be looking for a breakout from this triangle (broader market conditions permitting)- Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on
PT1- $145.15
PT2- $146.81
PT3- $147.90+
$QCOM | TRADE IDEAI believe QCOM is very under-rated and not seeing much talk about it. This is a beautiful descending broadening wedge forming to conclude wave 4. Please note the increasing volume throughout consolidation as well. A break and hold above this wedge will confirm bullish continuation into a wave 5. Target in the $160 region.
QCOM.NAS_Range Breakout and Retracement Trade_LongENTRY: 147.34
SL: 140
TP: 161
- ADX<20. Would like to be higher.
- RSI<50,RSI<70
- Daily RS -ve
- Daily FFI +ve
- Daily MACD -ve
- Weekly RS +ve
- Weekly FFI +ve
- Weekly MACD +ve
- Breakout of down trendline and gap up with volume on 29 Jul 2021.
- Retraced under lower volume until resistance-turned-support level and rebounded with slightly increasing volume.
QCOM: TWO WAYS, GAP UP OR GAP DOWN?QCOM has reached a crucial support zone level and seeing it rebounded with a green candle and RSI turning backup to 50, giving more reasons that it might filled the gap up from $142 to $145 easily with nice volume push. Friday closing was beautiful in conjunction with a good volume, seeing more upside if Nasdaq rallies up this week to $152 a strong resistance. Price/Earnings have been clamped down recently and it will be a good growth stock to lookout.
QCOMsomething to keep on watch here. QCOM got a positive reaction after earnings which sent it flying on a gap up. Friday was an inside day and has a good shot to fill the gap above to $160. Be cautious, as the las two times prior to reaching this level, it sold off hard. Watch the week ahead and an invalidation would be a daily close below $145.
