QCOM trade ideas
Qualcomm (QCOM)Qualcomm Inc.
For those unfamiliar with Qualcomm: leading company in the production of chipsets for the best Android smartphones in circulation. Also active in the development of 5G, artificial intelligence, modems, and wifi antennas.
I entered long on this company with undoubted growth potential, after the rather violent pullback in February, where the price has discounted well 25.89%!
Technical Analysis: With Thursday's close above the 137.27 level, QCOM nearly closed its November GAP. Very important strength index.
The uptrend is accompanied by good volumes, considering that the stock is unlikely to trade more than 20 million shares per day.
Also considering the volumetric analysis, here are my targets:
1st target: 147 $
2nd target: 152 $
3rd target: 160 $
Lazy Bull
Add QualcommYesterday I added QualComm NASDAQ:QCOM to my portfolio.
I have several reasons for this:
1) technical picture looks bullish to me. First QCOM successfully tested the 38% Fibonacci retracement level on March 8th. Second, this happened simultaneously with a test of the 200 day MA. Third, on March 25th it set a higher bottom, after again testing the 200 day MA. And finally, yesterday it broke out upwards out of this consolidation pattern.
First resistance seems to be the gap formed on Feb 4th, around the price level of 150-152.
2) QCOM is also attractive on the fundamental side with a forward P/E of 18 (EPS: 7.35). The company should be able to profit from the strong demand in semiconductors in general and the adoption of 5G.
I'm looking for a 20%+ return on this investment within a timeframe of 6 months.
QCOM QUALCOM (to the moon)This is a sleeping giant who just weak up today.
to me no doubt up to $170 in short mid term
Opinion based on my studies.
It is not an advice, Invest at your own risk, better look for profesional help.
As you see in the graph i already predicted in JAN the correction but now it ´s over.
Good Luck to all
Charlie.
Love the company, hate the chart Not only did we form a double top but we also formed a head and shoulders pattern. This sell-off is not over :-(
QCOM over 135.53The bottom looks in and a rally/retrace is possible over this recent resistance level from price action.
Watching QCOM pays a great dividend but I am glad I sold it, even though I sold it like $13 under the high it ended up making )o: Don't you hate it when you sell too soon?
QCOM is one of my faves, just having a tough time right now. Mr Market has not been kind as of late to many in this sector )o:
There is a falling wedge. Falling wedges slope the opposite way of the overall trend and the 2 trendlines converge at the apex so they look different from a flag. A falling wedge takes at least 3 weeks to form, so it is not a pennant either. A pennant does converge at the apex like a falling wedge, but formation is shorter than a falling wedge and there needs to be a pole for a pennant. If price breaks up and out of this wedge, that is a Bullish signal.
QCOM travelled in a few rising wedges on it's way to the top. Rising wedges are not valid unless the bottom trendline is broken. But it seems like it always happend, eventually.
It is hard on this one to place the first leg up at the right place. There were 3 places to choose from and I chose the middle one . You may disagree. Technical analysis is not an exact science and there are usually subjective components involved. Let me know where you would put the leg up, or the impulse wave?
QCOM is beneath the Ichimoku cloud which is on the bearish side and the cloud ahead is red. The cloud is great to use for an overall look at a security. Some use it for trade signals.
The Ichimoku Cloud , also known as Ichimoku Kinko Hyo, is a versatile indicator that can show support and resistance levels, identifies trend direction, gauges momentum and provides trading signals. There is a baseline (KijunSen) and a signal or conversion line (TenkanSen), which are much like the 26 day and 9 day moving averages (Think MACD ). When the shorter term indicator, TenkanSen (blue), rises above the longer term indicator, KijunSen (red), the securities trend is typically positive. When prices are above the cloud, the trend is up. When prices are below the cloud, the trend is down.
The cloud can be green or red, it can tilt up or down, or it can be thick or thin and there is a meaning to all of this (a thick cloud is often thought to provide more support or resistance).
The bottom and top of the cloud can be support or resistance depending on where price is. The two lines that envelope the cloud, the top and bottom lines of the actual cloud, also have a purpose. They are sometimes referred to as Leading Lines A and B (also known as Senkou lines A&B). When the cloud is red, it is showing you that the Leading Line B is on top which means that price is under the 52 period price average. When the cloud is green, leading line A is on top. When Senkou A is rising and above Senkou B, the uptrend is strengthening. When Senkou A is falling and below Senkou B, the downtrend is strengthening. So there are crossovers that give trade signals plus the positioning of the lines and the cloud give you a sense of how the security is doing in the market.
There is also a "lagging" line, the Chkou span (yellow). A trend is deemed to be upward when the Chikou span appears above the price, and downward when the indicator appears below the price. Many traders watch for the Chikou span to cross with prior prices to signal a potential trend change. The Chikou is below the cloud with price for QCOM, but is almost at the same level as price.
There are five plots that make up the Ichimoku Cloud indicator. Their names and calculations are:
TenkanSen (Conversion Line): period = 9
KijunSen (Base Line): period = 26
Chiku Span (Lagging Span): Price Close shifted back 26 bars
Senkou A (Leading Span A): (TenkanSen + KijunSen) / 2 (Senkou A is shifted forward 26 bars)
Senkou B (Leading Span B): (High + Low) / 2 using period = 52 (Senkou B is shifted forward 26 bars)
Price has filled one gap. There is another unfilled gap below. The top of that gap could be support if price gets that low. The support of the first gap did not hold and price went on to break the bottom trendline of the prior rising wedge.
QCOM is just now approaching the first major rising wedge (lower RW ). Price has pierced the bottom trendline (orangish colored line). Price may be content with that small distance that price fell under the bttom trendline of the lower wedge. AAPL barely dipped out of the bottom trendline of it's own rising wedge, so far anyway. Time will tell.
Strong stock but I am planning to watch for now. No recommendation
The cloud can change or morph, just like the RSI , or a chart pattern. The market is continuously changing, new information being fed in to the market constantly. Mr. Market rarely does the same exact move twice. He will keep you on your toes and throw you a few curve balls if he gets the chance (o:
Qcom long term good entry point!Qcom a good stock for long term!
Short term I recomand entry point at 136 price target 140 Stop lose at 135! I recomand entry after stock validate supp orange on 1H chat!
Med term entry point 120/130 price target 150+!
Long term entry point 110/120 price target 160+!
Strong support at 130!
First resistence at 140 , Second at 150!
Good luck to everyone!
This it's not a financial advice!
QCOM LongDemand Zone confirmed
Entry 130
Stop 120
Target 160
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 shareMy view of price movement next few months.
This is not an investment advice.
I'll appreciate any comments of my first post on trading view site.
$QCOM in ascending triangle pattern$QCOM has a reversal in place with an ascending triangle formation. Very beautiful setup to enter long on this one.
Short Term Target: 144
Short Term Target 2: 152
QCOM LONGliking QCOM long once we break this bull flag on the 1D, looking to enter above 136, profit taking would be at T1 142 144 TP2 TP3 146 to test that next demand zone
QCOM, TIME FOR A REVERSALHello fellow traders and investors, here's another trade idea.
QCOM has recently pulled back to the support area, if QCOM makes a full recovery it offers a 24% ROI.
Technicals:
The Macd indicates that it's oversold and in an uptrend
The EMA's have just crossed over and are in an uptrend
When To Buy:
Now is a good time to buy.
When To Sell:
I recommend selling in the take profit area offering around a 24% ROI.
Fundamentals: QUALCOMM, Inc. engages in the development, design, and provision of digital telecommunications products and services. QCOM is sitting at a P/E of 22, a debt/equity of 2 which isn't great however they have a sales growth of 62% Q/Q, an Earnings Per Share growth of 166% Q/Q, and an ROI of 25%.
Rating: 90/100 since I like the technical setup a lot in this scenario and the only reason why they didn't get a 100/100 rating is because of their debt/equity which isn't great.
NOTE: I don't think I will be buying for a few days now since the overall market especially tech will most likely be pulling back.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
QCOM bullish breakout confirmationIMO this was great bullish confirmation on QCOM, touched downtrend channel breakout line
QCOM breaking out from a downtrend, price target 145$After testing the support around 127-130$ QCOM is ready to bounce towards 145$ after breaking out from a downtrend.
QCOM🌦Pattern recognized: Regular flat Elliot Correction Wave.
Thesis: Bullish sentiment.
Conclusion: Lower degree correction on the 5 min, look for upside.
My strategy: MEWT (MODIFIED ELLIOT WAVE THEORY).
***This does not constitute financial advice.***
We're goin back!Let' us analyze the pre-pandemic company results:
We can see a strong trendline was formed from the beginning of 2019.
From the middle of 2018 the company was doing good: the average earnings per share was 0.8, and was holding for 2 years
The average price was ~72 on that trendline.
The after-pandemic results are 2-2.5 which is 2-3 times more!
1. We are close to the trendline again, which makes strong buyout support.
2. The fair price today is between 72 * 2 = 144 and 72 * 3 = 216!
Therefore, we are way lower then a fair pice now, so the chances for the immediate reversal are extremely high!
Besides,
* RSI is on the low border
* EWO is close to the pandemic minimum
* the 120-130 gap from November is closed
* The 200-day sma corresponds the trendline, see the idea linked
TUZEMUN!!! :-)
