QCOM Long $170Entry trigger $150. Stop loss $145. PT $160 by mid December 2020, and $170 by End of December 2020. Picked up 12/24/2020 $160C. (Republished since last post was set on private)
QCOM trade ideas
$QCOM - wedge + consolidation + news = winWith baited breath I wait for QCOM to finish consolidation and for the volume on their news to pay off in a short rally.
Other than being slightly over bought, there is nothing hurting this stock - folks are taking profits and it patiently waits for its turn with the volume.
QCOM 1D RANGE LONG TRADERanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
Long QCOM into 153.20Looking at QCOM to test 153.20 again
Following sold old support and resistance lines we've got a projection into my target.
Solid double bounce on the lower trend line, projecting into the purple paralell channel.
Likely resistance at the upper long term trend and the top of the paralell channel.
Looking for a squeeze with volume at 153.20 or a reversal to a lower trend.
$QCOM with a slight bullish outlook following earningsQCOM released its earnings with a positive over reaction, The PEAD projected a slight bullish outlook for the stock placing it in Drift B
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Technical Basics: QCOM Possible Upside Move?Those looking for a simple technical analysis (TA) could revisit the use of trendline. Its one of the most basic tools. As depicted in the QCOM chart, one could find the potential move of QCOM. Trendline 1 could tell the reader its a confirmed uptrend with at least 3 point of touches by the trendline. Trendline 2 is also a confirmed uptrend with the same 3 point of touches. Trendline 3 is a unconfirmed uptrend and could be a weak one as it only have the minimum 2 point of touches by the trendline. The angle of ascend of each trendline may also tell us the sustainability of the trendline. A more upsloping (near vertical formation) would not sustained the upward move. The ideal upsloping or upward trendline angle would be around the 40 degree angle.
The use of trendline not just restrictive to price action, but it also can be used to determine Volume trend. As depicted on QCOM chart, the volume is drying up by the down sloping of the trendline. A break of the down sloping trendline could potentially pushing up the price of QCOM further high.
Beside using trendline to determine the next up or down trend move of a particular instruments, trendline could also be used as a dynamic support and resistance line. As an example depicted by QCOM chart, Trendline 3 currently supporting the upward move of QCOM price action, but if it fails the next dynamic support could be Trendline 2 and Trendline 1. A price action falls below Trendline 1 could signal a change in trend from Bullish to Bearish.
One need to update his/her trendline from time to time in order to accounts for the latest price action move.
Happy trading guys.
QCOM w48 2020. Ready to short from 145 to 132Daily
I do not see reasons and power to go next.
Price should have a rest = corrected
Better to go out to see clear trend.
Open only from levels of SR
Going short
Open 145
SL 150
TP 132
RR 3.35
$QCOM Qualcomm Breakout Targets - Strong 5G data released
QCOM is making its breakout after 2 weeks of consolidation post earnings.
Fibonacci Targets $156 & $160
Positive news release this morning with NOk on 5G speeds achieved.
News Source Thefly
Nokia (NOK), Elisa (ELMUF) and Qualcomm (QCOM) announced that they have achieved the world's fastest 5G speeds on a commercial network in Finland by delivering 8 Gbps for the first time serving two 5G mmWave devices connected simultaneously. The fast speed, which was showcased at Elisa's store in Helsinki, Finland, will support a range of new low-latency, high-bandwidth services, such as high-speed video downloads, mission-critical or virtual reality, or VR, and augmented reality, or AR, applications. The service is expected to be implemented in 2021. This was achieved by utilizing Nokia's 5G mmWave technology and Qualcomm Technologies' 5G smartphone form factor test devices over Elisa's commercial 5G network. The high speed enables more high-bandwidth and latency-sensitive enterprise services, such as remotely controlled devices for industrial needs. The solution will also allow subscribers to enjoy VR/AR experiences offered to audiences in massive stadium concerts, downloading 4K video content or triple-A games in a matter of seconds, as well as enabling enhanced capacity fixed wireless access connectivity as a fiber broadband alternative. The base station utilized two Nokia AirScale radios, each using 800 MHz of commercial millimeter wave 5G spectrum at 26 GHz.
Qualcomm could breakout from an ascending triangleQCOM hit resistance at 150 after an earnings gap up and is now forming an ascending triangle that should end soon as the rising lows force a new high. Buy point would be the top of the triangle or just past 150 to break that resistance. The 10d ATR (x2.7) asks for 11.24% stop and a position size of R8.9. An alternative is to use the low of the triangle as a stop loss.
Buy Point: 149.85
Stop Loss: 11.24% (133.01)
Position Size: R8.9
Alternative
Stop Loss: 7.55% (138.53)
Position Size: R13.24
$QCOM potential parabolic move!upper trend line on the verge of breaking! new highs being reached. breaking seller zone. first TP is 158.51.
SL under 145.63.
Qualcomm (QCOM): A Fundamental and Technical AnalysisIn this post, I’ll be providing my own analysis on Qualcomm (QCOM), shedding light on the fundamental and technical aspect of the stock.
What is Qualcomm?
Qualcomm (QCOM) is short for ‘Quality Communications’.
The American company was established by a communications engineer, Irwin Jacobs.
It’s a company that focuses on semiconductors, software, and wireless technology services.
Business Model
- Qualcomm is divided into two main businesses: QCT, and QTL
QCT
- QCT (Qualcomm CDMA Technologies) develops and supplies integrated circuits and system software
- Specifically, it develops and supplies systems and software used in mobile devices, wireless internet, communications devices, internet of things, and semiconductors used for vehicle infotainments.
- The smartphone AP is a core device that controls the OS, CPU, memory, audio, and the camera
- Qualcomm currently covers 50% of the market share for mobile device APs, and dominates 88% of the 5g Smartphone AP market.
- They are way ahead of their counterparts in both market share and technology.
- Qualcomm also offers a cloud service for vehicles, allowing wireless updates to take place
- They have also developed an autonomous driving solution chip called Snapdragon Driving.
- We will see cars that use this chip in 2023
- The RF Solution, a wireless network that allows signals to be identified without confusion, is also increasing in demand
- QCT covers 75% of the company’s revenue.
QTL
- QTL (Qualcomm Technology Licensing) grants licenses and rights to use intellectual property to others.
- Qualcomm possesses patents on CDMA, LTE, 5g, video and audio codec, WIFI, GPS, NFC and Bluetooth.
- QTL covers 23% of the company’s revenue
Financials
- Despite the numbers not being anything extraordinary, Qualcomm has reported a consistent increase in yoy revenue
- Especially in the case of Q3 2020, we have seen revenue and earnings skyrocket.
- The firm’s Q1 earnings was $468m, $845m in Q2, and $2.96b in Q3
- Along with this, their EPS has also skyrocketed, and analysts estimate a an EPS of $2.07 for Q4
- Qualcomm has not been profitable for the past few years due to their heavy investment in research and development
- While a lot was invested in R&D, the commercialization of proprietary 5g technology could bring immense profits to the company in the near future
Technical Analysis
- The daily chart shows a clear uptrend, with prices creating higher lows and higher highs
- Prices are trading within an ascending parallel channel, having been rejected by the top trend line resistance
- There are two major gap supports at $100, and $140
- The Moving Average Convergence Divergence (MACD) demonstrates diminishing bullish momentum, with decreasing histograms
- Nevertheless, as prices trade above the Ichimoku cloud and the 60 Simple Moving Average (SMA), the overall trend is very bullish
Summary
In conclusion, Qualcomm is a company that has a proven, solid business model. Their heavy investment in research and development is finally seeing light as the company turns increasingly profitable. Technical analysis also demonstrates immense bullish momentum behind the stock’s price.
If you like this analysis, please make sure to like the post, and follow for more quality content!
I would also appreciate it if you could leave a comment below with some original insight.
great chart request!QCOM why did i sell my shares at 105 avg, argh i did the same with SQ 100 avg. i need to work on my diamond hands. Id put a 200 pt on QCOM but it could take 2-3 months. be careful adding calls. IMO we are at the top of this trend for now, and looking for a dip add at 130-135, ill alert my entry like always ! gl :)
QCOMInto all the good stuff
TRANSPORTATION TECHNOLOGY
FABLESS SEMICONDUCTOR COMPANIES TELECOMMUNICATIONS EQUIPMENT VIDEOTELEPHONY SOFTWARE APPLICATIONS MOBILE TELECOMMUNICATIONS SYSTEM SOFTWARE FLEET MANAGEMENT GSM NETWORK ACCESS VOICE AND DATA COMMUNICATIONS WIRELESS PRODUCTS QUALCOMM WIRELESS INDUSTRY APPLICATION PROCESSING CDMA
QCOM pull back offers another entry pointQCOM broke out after earnings but pulled back in as the market also pulled back. Could be an opportunity to enter as it makes a new high. The buy point would be 149.51 for a new high with a 11.63% stop loss based on a 10d ATR (x2.7). Position size would be R8.6.
Buy Point: 149.51
Stop Loss: 132.11
Position Size: R8.6
QCOM MooningVolume and price action give the sense that the sell off after the large gap up is coming to an end. Look for price to push higher.
