Qcom breakdown possible breakdown possible 201 below
can test 195/190/185 soon
if sustain below trendline
QCOM trade ideas
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
hits the subjected area of supportAfter careful review, the support line has a spinning top and an hcclcc, which, in essence, I have seen as a crater to start a new direction or start some type of consolidation before continuing up back to 230, if not higher.
pump or flat. qcom There are two options for the development of events:
1. Pump before the elections, dump on tax increases.
2. Flat before the elections, dump on tax increases, pump on turning on the FED printer.
Qualcomm Deepens Taiwan Ties with Kaohsiung Innovation CenterQualcomm Technologies Inc. (QTI) has opened a new innovation center in Kaohsiung, Taiwan, highlighting its commitment to Taiwan's growing tech sector and 5G ecosystem. This strategic move supports local startups and aligns with Kaohsiung's plans to build a comprehensive semiconductor supply chain, bolstered by TSMC's new chip plant.
The center will offer incubation support, business guidance, and access to advanced labs for 5G AIoT, O-RAN, and robotics applications. While acknowledging the geopolitical risk posed by China's claims on Taiwan, QTI sees significant opportunities in the region's talent pool.
By expanding its innovation network, including centers in Vietnam and India, QTI aims to mitigate potential disruptions and capitalize on Taiwan's tech potential. This strategic move underscores Qualcomm's proactive approach to navigating a complex geopolitical landscape.
$QCOM #QCOM No More Wintel !"#Qualcomm: Congress Wealth Management LLC DE boosts its position! 📈🔍 Big moves in the latest quarter—who else is bullish on QCOM? 🚀💼
Qualcomm Shares Rises 4.24% On NVIDIA's Earnings BeatQualcomm shares ( NASDAQ:QCOM ) surged by 4.31% following NVIDIA's impressive earnings report, boosting investor confidence and causing a ripple effect on $QCOM. The semiconductor industry experienced a surge as investors reacted positively to NVIDIA's robust financial performance. NVIDIA's earnings report, which beat expectations with adjusted earnings per share of $6.12 and revenue of $26 billion exceeding the estimated $24.6 billion, acted as a significant catalyst for semiconductor stocks.
Qualcomm ( NASDAQ:QCOM ), being a key player in the semiconductor market, benefited from the positive sentiment generated by NVIDIA's stellar results. The market's response to NVIDIA's earnings highlights the strength and growth potential of the semiconductor sector. As NVIDIA continues to demonstrate strong performance, investors should be optimistic about the prospects for semiconductor companies like Qualcomm ( NASDAQ:QCOM ). Factors such as technological advancements and market demand will continue to influence Qualcomm's performance and the semiconductor sector as a whole.
Technical Outlook
Technical indicators like the Relative Strength Index (RSI) which sits at 81.25 shows ( NASDAQ:QCOM ) stock is in an overbought region meaning an impending trend reversal is on the horizon.
QCOM May 2, 2024: A New HighA new 52-week high after earnings, while the overall market is still in correction, and the main indices NASDAQ:NDX , SP:SPX are all still below their own MA-20, MA-50
This is a classical buy point for trend-following traders.
With the stop loss below the low of the current session.
$QCOM Is Qualcomm the Next Big AI Chip Leader? PT 200+NASDAQ:QCOM designs all premium mobile chips. Notably, Qualcomm’s current valuation hasn't fully caught up with the AI hype.
Qualcomm continues to lead in the AI chip sector, shining in new smartphones and helping devices manage complex AI algorithms efficiently. The market's response to the S24 proves the allure of AI!
QCOM QUALCOMM Incorporated Options Ahead of EarningsIf you haven`t bought QCOM on this support:
Then analyzing the options chain and the chart patterns of QCOM QUALCOMM Incorporated prior to the earnings report this week,
I would consider purchasing the 170usd strike price Calls with
an expiration date of 2024-5-17,
for a premium of approximately $6.50.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
QCOM - Following trends through a starburst or radial array setQualcomm is right at a break point of resistance or break through so this is a great place to look at geometry around it's formation. For my work i really enjoy the patterns that seem to recognize radial arrays.
Qualcomm Surges on AI-Powered Smartphone Market RevivalIn a remarkable turn of events, Qualcomm ( NASDAQ:QCOM ), the global leader in smartphone chip manufacturing, has defied expectations with a bullish forecast for the fiscal third quarter, driven by a resurgence in the smartphone market fueled by artificial intelligence innovations.
Riding the AI Wave:
Qualcomm's optimistic outlook stems from the accelerated adoption of smartphones equipped with advanced AI features, breathing new life into the industry. As consumers seek enhanced functionalities and seamless user experiences, Qualcomm ( NASDAQ:QCOM ) stands at the forefront, leveraging AI technology to redefine the smartphone landscape.
Diversification Sparks Growth:
Beyond smartphones, Qualcomm's expansion into new markets such as automotive and wearable devices has bolstered its revenue streams, surpassing Wall Street expectations in the second quarter. The company's foray into selling chips for cars and headphones has proven particularly fruitful, highlighting its agility and adaptability in responding to evolving market trends.
Competitive Landscape:
Despite facing stiff competition from the likes of China's Huawei and Taiwanese rival MediaTek, Qualcomm continues to dominate the smartphone chip market, counting industry giants Apple and Samsung among its loyal clientele. While competitors vie for market share, Qualcomm's strategic positioning and technological prowess set it apart, ensuring sustained growth and resilience amidst challenges.
Navigating Regulatory Hurdles:
Amidst regulatory complexities and geopolitical tensions, Qualcomm remains steadfast in its commitment to compliance and ethical business practices. The company's ongoing negotiations with Huawei underscore its proactive approach to addressing legal and contractual obligations, mitigating potential risks and uncertainties.
AI-Powered Innovation:
Qualcomm's strategic focus on consumer-centric AI applications is poised to revolutionize the way we interact with our devices. With plans to release chips designed to power laptops and enable AI chatbots directly on devices, Qualcomm ( NASDAQ:QCOM ) is poised to capitalize on evolving consumer preferences and drive the next wave of technological innovation.
Financial Outlook:
With a forecast for third-quarter sales and adjusted profit surpassing analyst estimates, Qualcomm's financial resilience and growth trajectory remain robust. Bolstered by strong performance in both its chip and patent-licensing segments, Qualcomm is well-positioned to capitalize on emerging opportunities and deliver sustained value to its shareholders.
Looking Ahead:
As Qualcomm ( NASDAQ:QCOM ) charts its course forward, the company's unwavering focus on innovation, diversification, and strategic partnerships will continue to fuel its ascent in the dynamic technology landscape. With AI as its guiding force, Qualcomm ( NASDAQ:QCOM ) is poised to shape the future of mobile computing and drive transformative change across industries.
QCOM Potential buy setupReasons for bullish bias:
- Entry is at breakout of HH
- DOW theory, SL at last HL
- Divergence is there, but entry is at breakout so let's see
Entry Level(Buy stop): 158.62
Stop Loss Level: 134.44
Buy QualcommShort Term Trading Advice by Naranj Capital
Buy Qualcomm
● Buy Range- 168 - 171
● Target- 179 - 181
● StopLoss- 163
● Potential Return- 5-6%
● Duration- 14-15 Trading Days
QCOM WEEKLY CHARTI mean you keep seeing this chart pattern over and over again. I'm just going through different stocks and this has been the pattern that keeps coming up. And shoutout to JC AND ALL-STAR CHARTS, I learned this pattern from him and his crew. These big bases for the most part have all been residing to the upside.
QCOM March 22, 24: A High Tight Flag Near 52-Week HighAt the close of March 22, 24, NASDAQ:QCOM has been moving 2 weeks in the high tight flag pattern.
A breakout of this flag with high volume confirmation would be a valid buy point.
