QCOM trade ideas
Approaching some nice support on QCOM!🔉Sound on!🔉
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$QCOM - At critical supportNASDAQ:QCOM I posted on August 27 that Qualcomm might be forming a head and shoulders pattern. Look at it now. The right shoulder looks complete. It is currently sitting on critical neckline support.
Remember, a head and shoulders pattern only validates if the price breaks below the neckline with multiple trading sessions closing below it.
So, the pattern's validity still remains to be seen.
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
QUALCOMM Incorporated LONG 142 QUALCOMM Incorporated LONG 142
QualcomYearly DMIP 77
QualcomYearly Breakout 100
Qualcom6 Month DMIP 158
QualcomQtrly BUFL 147
Qualcom Monthly Demand 158
Qualcom Monthly Demand 117
Qualcom Weekly Demand 142
$QCOM - A potential head and shoulder?NASDAQ:QCOM It’s still early, but Qualcomm might be on the verge of forming a head and shoulders pattern. However, remember that this pattern only confirms if the price breaks below the neckline. Currently, the right shoulder hasn’t formed yet.
Keep an eye on the $157 area for confirmation. 👀
Rise CorrectedThere was a 10 month long lasting rise until June followed by a steep fast fall for 1 1/2 month.
The fall had stopped exactly at the July 2022 peak. Thus we can assume that the rise may continue, i.e. that the trend has not yet been broken.
Anyway there may be some more upward correction of the fall at least.
Qualcomm has tough resistance at 178 Post the breakout from head and shoulders, NASDAQ:QCOM hit a long term support of 156.25 and now after recovery has a tough resistance at 178. If it performs, really well, then the base of the previous head and shoulders will be another resistance around 193!
QCOM -- riding the "MicroChip/AI" growth era. UPSIDE in order!QCOM is signaling a BIG BUY ALERT as big news recently came up -- with Meta and Qualcomm teaming up to run big A.I. models on phones.
Qualcomm and Meta will enable the social networking company's so-called new large language model, Llama 2, to run on Qualcomm chips on phones and PCs starting in 2024. The chipmaker says the technology will enable applications like intelligent virtual assistants.
On our monthly data, long term price shift has already commenced. The stock bounce of a 61.8 FIB level with precision. The 120ish price area has been a reliable major order block support for quite sometime. On histogram, higher lows has been created conveying the current price range as the new base for the incoming series of ascend.
Volume has been surging in an impressive fashion. Net positive volume is up by 154% from 9.32M to 23.7M. This shows significant buyer's positioning on the company's prospective fundamental and technical growth.
If you think NVDA is too high now -- and want a similar growth prospect within the same industry, QCOM will no doubt fit the bill. The room for growth for this tech stock is unbounded.
Expect some notable price growth from here on for QCOM -- as the world enters a new era of technical innovations.
Spotted at 124.0.
TAYOR
Safeguard capital always.
is 86x is here to stay or ARM base architecture for the winthis is not a financial advice
Qualcomm's dominance in mobile processors often flies under the radar, but it's a key player in the semiconductor industry. Their new Snapdragon line for laptops, based on ARM architecture, offers better power efficiency than x86 designs. This means longer battery life and sleeker devices - crucial for modern mobile tech.
They're also betting big on AI, integrating Neural Processing Units (NPUs) into their CPUs. This move could revolutionize mobile computing by enabling powerful on-device AI processing. Qualcomm has compilers for running open-source large language models locally on phones, potentially addressing privacy concerns and reducing cloud dependence.
While it's facing tough competition from Apple's powerful in-house chips, they've got a major advantage in market reach. Snapdragon chips are in most Android phones, giving Qualcomm a huge slice of the global market. Apple's chips are great, but they're limited to Apple devices.
so Qualcomm's doubling down on AI integration and expanding into new areas like automotive tech. The main hurdle? Software and gaming industries are still catching up to ARM architecture, making some consumers hesitant. But with Intel faltering, more folks might start looking ARM's way.
let's talk finances :
Revenue Growth :
-Total Revenue has increased from $8,451 million in Q3 2023 to $9,393 million in Q3 2024, showing a year-over-year growth of about 11.1%. This indicates positive momentum in Qualcomm's business.
Gross Profit :
-Total Gross Profit has risen from $4,659 million in Q3 2023 to $5,219 million in Q3 2024, an increase of about 12%. This slightly outpaces revenue growth, suggesting improved profit margins.
Cost Management :
-Cost of Revenue has increased proportionally with revenue, from $3,792 million to $4,174 million. This shows consistent cost management relative to sales growth.
Operating Expenses :
-Selling, General and Administrative Expenses have increased from $618 million to $664 million, a modest rise considering the revenue growth.
-Research and Development Expenses have slightly increased from $2,222 million to $2,259 million, indicating continued investment in innovation.
Quarterly Trends :
-Looking at the most recent quarters (Q1 2024 to Q3 2024), we see a slight dip in Q2 followed by recovery in Q3, suggesting some quarterly fluctuations but an overall upward trend.
Overall, this basic skimming of the balance sheet paints a picture of healthy growth for Qualcomm, with increasing revenues and profits, maintaining cost efficiency, and continued investment in R&D. The company appears to be in a strong financial position with positive year-over-year performance.
finally, I think if they broke into the market they r the next Nvidia but timing is hard make ur own decision and take smart and calculated risk
SupportedRenewed selling pressure has driven the price back down to a, what I think, fluctuation center since March. At this level the market has stopped several times, has built windows and a hammer like candle. Thus it is no wonder that Fibonacci calculations result in a support as well.
I can imagine an upward correction of the impressive drop since June.
QUALCOMM ND Two Ideas in on chartslet me know what you think or / and ask any question in the comment section.
good luck traders!
QCOM: Major Turning Point! (D&W charts).On the daily chart, the price has recently found support at the 61.8% Fibonacci retracement level, calculated from its previous significant swing low to high. This level, often regarded as a golden ratio in technical analysis, has seen a bullish reaction, indicating buyers stepping in. The price is now hovering around the 50% retracement level, and the 21-day EMA is positioned above the current price, acting as a resistance.
On the weekly chart, the 21-week EMA is providing support around the 186.67 level. This EMA has historically acted as a dynamic support throughout the upward trend, which began in late 2023. If the price maintains above this EMA, it could signify continued strength. However, if QCOM loses the 61.8% retracement (D) and the 21 EMA (W), the next support level to watch is around 177.59, derived from previous top level.
The confluence of the Fibonacci retracement levels and the support provided by the 21-week EMA suggests that Qualcomm is at a critical juncture. The reaction to these levels will be crucial in determining the next direction for the stock. For now, QCOM is boucing above its support levels, suggesting a bullish sentiment, however, if it loses its support levels, we will see a reversal ahead.
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Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
QCOM upmove possible, US Stock100 ema strong support
breakout retest almost complete
189 above try build position
190/192/194/196/206 can test in next few days
QCOMThe initial post was on my X account. Entry at the assumed completion of an expanded flat, that has formed above the ATH. The lower time frame chart is in the update
Qcom breakdown possible breakdown possible 201 below
can test 195/190/185 soon
if sustain below trendline
QCOM: Buy ideaBuy idea on QCOM as you can see on the chart because we have the breakout with force the resistance line...
QCOM: Buy ideaBuy idea on QCOM as you can see on the chart because we have the breakout with force the resistance line...
Qualcomm- TSMC Production Amidst Geopolitical UncertaintyQualcomm's (QCOM) decision to leverage TSMC's production for its new Snapdragon X Elite chip presents a compelling opportunity, but geopolitical tensions and market competition necessitate careful consideration.
Long Potentia l
Superior Chip Performance: The Snapdragon X Elite boasts superior AI capabilities and battery life compared to current offerings, potentially capturing significant market share.
TSMC Production Efficiency: TSMC's advanced production capabilities ensure efficient chip manufacturing, potentially boosting Qualcomm's profitability.
Short Potential
Geopolitical Risk: Rising tensions between China and Taiwan threaten to disrupt TSMC's production, jeopardizing Qualcomm's supply chain and production timelines.
Market Competition: Intel's neuromorphic processors and Apple's M-series chips pose a significant competitive threat, potentially hindering market adoption of the Snapdragon X Elite.
Indicators
Geopolitical Developments: Closely monitor news and pronouncements regarding the China-Taiwan situation for potential disruptions to TSMC's operations.
Stock Price Movements: Track the stock price movements of QCOM, INTC (Intel), and AAPL (Apple) to gauge market sentiment towards the competing chip technologies.
Market Adoption: Analyze sales figures and market adoption rates of Snapdragon X Elite-powered laptops to assess the chip's performance.
Catalysts
* **Positive Market Reception:** Strong reviews, high sales figures, and widespread adoption of Snapdragon X Elite laptops would significantly improve Qualcomm's market position.
* **Strategic Partnerships:** Increased partnerships with major OEMs for Snapdragon X Elite integration would bolster market share and revenue potential.
* **Geopolitical De-escalation:** De-escalation of tensions between China and Taiwan would mitigate supply chain risks and boost investor confidence.
Risk Factors
Military Conflict: A Chinese invasion of Taiwan causing a TSMC production halt would have a devastating impact on Qualcomm's production and stock price.
Technological Disruption: Superior performance of Intel's neuromorphic processors could render the Snapdragon X Elite obsolete.
Lower-than-Expected Demand: Lower-than-expected market demand for Snapdragon X Elite chips would negatively impact Qualcomm's revenue and profitability.
Conclusion
Qualcomm's strategic shift hinges on navigating geopolitical uncertainties and a fiercely competitive market. By closely monitoring these factors and potential catalysts, traders can make informed decisions to capitalize on potential opportunities or mitigate risks.
Qualcomm Rallied and Pulled BackQualcomm rallied to all-time highs in June following a strong earnings report on May 1. Now, after a pullback, some traders may look for further upside.
The first pattern on today’s chart is the 50 percent retracement of the move following the quarterly results. QCOM’s ability to hold that zone may suggest its uptrend remains in effect.
Second, the chip stock bounced near its rising 50-day simple moving average. That may reflect a bullish intermediate-term trend.
Next, prices are above the 21-day exponential moving average (EMA). The 8-day EMA has also crossed back above the 21-day EMA. Those patterns may reflect a bullish short-term trend.
Finally, the stock just completed a positive inside week. That may suggest it has stabilized following the latest pullback.
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QCOM fresh breakout possible207.30 above can go up
209.50/212/215/218 can test soon
20 ema above already close , which is positive for QCOM
QCOM looks for filling the gap aboveFormed nice cup like trend reversal pattern is detected and stops at the critical resistance level. If consolidate here forming a cup handle break up is expected and fill the gap testing the next résistance levels.
QCOM ContinuationQCOM recently received a bullish signal on our mean reversion indicator on the lower time frames. The daily view on this chart also looks promising for continuation.
QCOM - Monthly breakout and retest of prior ATH levelQCOM broke out of the prior All time high and retested, bounced/held the same
Prior All Time High made in Jan 2022 - 193.58
Broke out of that level last month (i.e. May 2024) and traded above the prior ATH level so far (made a new high of 230.63 on 18June2024)
Traced back to its prior ATH level of and bounced from it in the past two days.
Now as long as the prior ATH of 193.58 holds, expecting it to see move higher
Stop loss for me would be a close of below 190 on Daily closing basis
Expected targets
T1 - 210
T2 - 220
T3 - 230 and
T4 - 250
If playing options, go with longer dated calls. If not, stick with commons/shares/stocks
