QCOM trade ideas
QCOM - $165 PRICE TARGET QCOM - Current Price $130.48 Price Target $165
Qualcomm is set to benefit greatly not just from the chip shortage but the unexpected drop in supply of chips used for cellphones and handsets.Qualcomm’s Snapdragon 888, its new high-end chip with a 5G modem for Android phones. The newer chip which came out in Dec 2020 supports many types of 5G networks, the chip improved graphics rendering and improved artificial intelligence capabilities for things like facial and image recognition. Their 5G chip couldn’t come at a better time as tensions between the rest of the world and china continue, companies outside of China have started to avoid buying from Huawei. Back in 2019 Trump banned Huawei products in the US, and in July of 2020 the UK banned Huawei and their 5G chips and even said the companies existing equipment in the country will be removed by 2027. This is the perfect time to buy a trusted US chip maker that has a unique ability to steal significant market share in the 5G chip market. Great Value @ under 20x PE, 1.9% dividend!
QCOM not faring below 200 EMA for too long Company with solid fundamentals, with in demand product.
Unless for major market wide clashes, it doesn't stay below 200 daily ema for too long. Major support below 200 ema.
QCOM (sell)why sell cause there is a big outflow from ETF ´s
regarding Qualcom, it ´s a fact.
doesn ´t mean ETF ´s have reason but they are very important.
due to the liquidity they move.
anyway the spread is between $140 to be safe
to $ 127 whe re i consider it ´s a good buy.
Good luck
Charlie
$QCOM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CAT after a Positive over reaction following its earnings release placing the stock in drift B
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QCOM quick drawdownQCOM briefly broke a big resistance level at 140 but quickly shot down. I still like it long for now so I'm using this as an opportunity for entry.
QCOM to jumpQCOM has been trailing in attempt to regain it's 50 day SMA. Last few days it's gained it in time for it's earnings release.
They posted pretty great after hours earnings, so I'm expecting this to jump. However it must clear and hold above 141-143 region where there may be a lot of selling/profit taking pressure.
Qualcomm Q2 earnings today at 4pmQualcomm Q2 earnings are today 4/28 at 4pm. Qualcomm (QCOM) reported Q1 December 2020 earnings of $2.18 per share on revenue of $8.2B. The consensus earnings estimate was $2.08 per share on revenue of $8.3B. Revenue grew 62.2% on a year-over-year basis. The company said it expects second quarter non-GAAP earnings of $1.55 to $1.75 per share on revenue of $7.2B to $8.2B.
Q2 March 2021 Consensus:
EPS = $1.67
Revenue = $7.62 B
P/E = 23.75
R3 = $144.05
R2 = $141.53
R1 = $139.02
pivot = $136.08
S1 = $133.35
S2 = $130.42
S3 = $127.90
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28/4/2021 QCOMpossible pulled back for a few day to form a small inversed head and shoulder, and then charge right to the mars, the low side is pretty much formed but the volume doesnt seem enough to break through the POC, we will see
NASDAQ:QCOM
QCOM Long Double bottom + revisit
Price crossed SMA50 and SMA13
SMA50/200 support
OBV>OBV SMA34
WR crossed -50
Entry 137.6
Stop 130
Target 167
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
QCOM Resume UptrendQCOM change to uptrend making higher high and higher low, breaking up EMAs. For early entry can enter anytime now, for more confirmation can wait it to break above previous high(141).
QCOM - Bullish Engulfing candle pattern on reverse zoneQCOM - Bullish Engulfing candle pattern on reverse zone
QCOM Qualcomm (long)Danger line, (red slashes)
the price should not drop from this line
it would not be good.
Any close above $135
means QCOM Still bullish
To me the goal is at $147
If you want to trade my recommendation is, in short term
buy at $133 sell at $ 140.5
invest at your risk trading is not probability, it is not certainty but possibilities
You can loose money. Times now are very risky for traders
Good luck
Charlie
QCOM gaining groundGlad to see QCOM come back up after bouncing off it's 200 day SMA.
It's also now regained it's 50 day SMA. RSI and MACD signalling room for more upside to come. All looking quite good.
Now it faces a former support zone as new resistance in the realm of 142-144.
QCOM (long)Nothing we have not seen before
Monday the drop to the above $135 close
i still long
I ´ve added the red slashed line to the graph
as well in purple; the MA ´s 20 blue, MA ´s 50 red, MA ´s 100 yellow
as you make your own conclusions
good luck
Charlie
QCOM price in consolidationQCOM price is currently under consolidation, forming a wedge, which could result in a breakout. Fundamentally, the company well-positioned to benefit from the emerging demand for 5G technology.
QCOM QUALCOMM INC (LONG)i guessed yesterday was a good momentum, and yes that ´s worked, luck :-)
maybe $147 as short term goal ??
RSI looking good too
Maybe... anyway that ´s my bet
Invest at your own risk i have not a cristal ball, that are just ideas :-)
Good Luck
Charlie
