QCOM downside to 173QCOM looks to be looking for more buyers down below. If 173 fails to hold look out below to the median at 160 and possible gap through. There isn't a lot of VPVR (graph on right) to support prices up here.
4QCOM trade ideas
$QCOM - Gorgeously Rangebound, Approaching Supply Zone$QCOM has been trading within these levels extremely consistently for the past couple of weeks.
It's likely that we see a rejection at this supply zone overhead as it's fairly substantial and spans a large range.
Looking to take longs with a close and hold above 191, otherwise I'll short the rejection back to the bottom trendline.
strategy for QCOM Tuesday 01/19/2022QCOM: sell zone ( 191.00 ) ( 190.00 )
QCOM: buy zone ( 175.00 ) ( 174.00 )
bullish continuation price: ( 194.00 )
bearish entry: would be below ( 182.00 )
PRIMARY ANALYSISHappy 2022 to everyone...
Chip and 5G tech stocks are bound for explosive uptrend in the coming years, however, price action currently shows
we have a medium term top in place.
This top might reset the base for the coming bull trend.
The cycle node for the current market structure is on 8th February 2016, a low in March 2023 will complete the first 7-year cycle
for the next advance.
In this analysis and subsequent ones we will try to follow the market structure to project the expected low.
The validity of this analysis holds true so long as we would not have a close above the stop level.
Use appropriate money management, trade responsibly, good luck.
QCOM holders, be careful!I think QCOM can get a big correction if it fails to hold the red demand line. A parabolic step could indicate the 4th and final step being taken. This is followed by a minimum 50% correction. The chart seems to have followed wave lengths so far, which would mean it could do the same and make a round top. As long as good ER and news comes out, macro bullish trend continues imo.
QCOM Bull Flag QCOM Bull flag is setting up for a breakout. Support form the 50sma coming in and repeated testing of resistance makes me think this one is getting close.
$QCOM is Back!QCOM continue to hold strong compared to rest of tech and its back attempting to stage a breakout. Tomorrow should be telling for the stock so keeping a close tab on it.
US Stock In Play: $QCOM$QCOM upon its Q3 earnings gap up, it remains relatively resilient to market weaknesses since december. also flagging in weekly chart.
yesterday's closed have $QCOM trading beyond all significant VWAP, above 10/10/50 MA.
$188.15 is the ideal level for a tight entry to size up
QCOM offering a Pocket Pivot entry in a base on base setup!* Excellent earnings
* Very strong up trend
* High 3-month relative strength of 4.43 in the Tech sector
* Broke out of a 1 year base with tonnes of volume on earnings
* Started to consolidate after the breakout in a tight 7-8 week range
* Has a U/D ratio of 2.11, indicating that it's under accumulation
Trade Idea:
* You can enter on the closing price today as a pocket pivot signal.
* If you're looking for a better entry you can wait for an opportunity near the $183.04 area
* You can look to add to the position if the price makes a daily close above $191.30
Caution:
* This is a pocket pivot signal and though there's little to no overhead resistance, the stock may not break out of the range immediately.
Is Qualcomm a durable tech stock?Hi everyone,
Today we will talk about NASDAQ:QCOM , a semicunductor manufacturing company.
As we saw almost all tech stocks selling off from late November through to 2022, NASDAQ:QCOM managed to stay up there quite nicely.
The question to ask now: Is it lagging?
Will [ symbol="NASDAQ:QCOM"]NASDAQ:QCOM follow broad tech market and proceed to a major correction?
Or will it continue grinding higher?
Inasmuch as semdiconductor industry is carrying world's supply chain on its shoulders, I still think we could see a correction in the stock.
We've got a looming danger of Fed's interest rate hike somewhere in March-June this year.
I cannot believe any risk asset such as tech stock would stand still when it happens.
Putting macro stuff aside for a moment, we can see a similar pattern in the past of the stock price, where ATHs were reached, touching a rising trend resistence, which led to a rapid 26% correction and 260 days consolidation in the lower range.
I strongly believe that the conditions are ripe for the same scenario to repeat.
I will buy the stock after new consolidation pattern is established, preferrably near 150 level.
Please let me know if you found my macro rant useful and if you would like to see similar content in the future.
Trade wisely and good luck!
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Disclaimer!!!
This is not financial advise
qcom sell updateQCOM , after waiting 2 weeks. Qcom finally gave a direction on the weekly.Bounce off the previous resistance.
looking for sell trades this week on this.
$QCOM - Flag pattern formed, watch for breakout either side- RSI divergence
- Weekly outside bar
- Daily flag pattern
- Levels posted in chart
$QCOM to New Highs?$QCOM is close to its ATH around 192 area (from December). Really liking its value relative to other names in the semiconductor space and with the rotation that's going on right now could see it breaking through this level soon. Very bullish options flow...
QCOM Fake-Out BreakOutEarlier this month, I posited the idea that QCOM was trading in a consolidation pattern. The idea was simple, go long on a breakout and short on a break down. The trade triggered to the long side and since then, the stock has retraced. However, I noticed a pattern that I call the "Fake-out-break-out." If there is an actual name for this pattern, please let me know. Simply put, the fake-out-break-out pattern is a double fake out that stop hunts long positions and then traps short positions. The asset breaks to the upside for the long trade, retraces during a stop hunt and fakes the shorts out on the downside only to return higher. I have attached a similar scenario below. If this pattern holds true, the target should be 190+.
QCOM - Qualcomm Inc.Bought position into break of pivot from the previous earnings-gap run. This is the fourth attempt to breakout from this pivot. Stop loss below the low of the day.
Bigger picture, the stock is breaking out from a large base to new all-time highs and remains one of the leaders in the market. It has big growth numbers and is in one of the strongest areas of the market.
$QCOM getting tight and nice$QCOM is back. noting resiliency to #NASDAQ weakness
She is getting tight and nice.
US Stock In Play: $QCOM$QCOM setup on both daily and weekly displays a pretty HTF with 50DMA / 10WMA catching up to its current consolidation.
this is one of the few semicon setup that have not rallied beyond its ATH this week
QCOM to 195-196QCOM has been diligently staying within the shown ascending channel. Due to the reliability in Fibonacci levels, I have a short term price target of 195-196 before any correction.
QCOM COnsolidationQCOM is currently consolidation in a triangle pattern. It has shown the 3 lower peaks pattern which consists of 3 lower highs and 2 lower lows. The pattern eventually breaks down much lower. This pattern can be seen at the top of an uptrend. Conversely, this pattern could set up to break higher. The current trend is up and we are bouncing off of the 20ma. On the short side, I could see a move down to $168. On a break higher, Im looking for $200. My bias is currently bearish but I will stay neutral until the consolidation breaks.
ST I want this to push HigherI would look bullish above $138.75 but would take a short position if we close below $183.90
*DYDD
Qcom Short to fill in the gap the thesis is that the stock is consolidating after a hard sell off in the previous gap and will continue to dip into the next gap. Simple, i also am bias because i think the money has left tech stocks. Please comment opinions down below to save me from my choices lol
QCOM UPDATEQCOM found supply at 188. would look for a retracement level for bearish bias. trade lightly wednesday is FOMC RATE decision.
Bull flag but tech took a major hit any thoughts on this ..i guess it filled the gap so it can take the ride back up
