Great Qualcomm play on the retest of the long-term uptrendThe uptrend line from March lows will need to be retested at some point in the medium-term future.
1QCOM trade ideas
QCOM looks alot like AMD a week agoQCOM is a good company with great tailwind for continued success. Their snapdragon processors for android devices continue to improve, and they are attractively priced relative to other semiconductors.
QCOM beat on EPS, but slightly missed on revenue. However, given broader demand shocks for semis, I would not be surprised at beats in the future when supply picks up to meet the demand.
Having beat on EPS and gapping down, this is a blessing. Buy in! A lower priced asset of a quality company will yield greater expected returns than that same asset at a higher price. Having confirmed QCOM's strength and settling price at support, I believe now is the time to pick up some QCOM.
Now, why does QCOM look like AMD? Well, AMD a week ago was settling above a gap after an earnings call. The 100MA quickly moved up and became a support. A few trading days later, there was a bounce from 88 to 92 as of writing. AMD also suffered from multiple compression after an EPS beat.
If you aren't convinced of a long term investment into QCOM, I think a bounce play can be found here.
As a broke college student, I have put my money where my mouth is and purchased an entire (1) share(s). Wish you all the best in making tendies, and thank you for reading my analysis.
Is it right time to buy QCOMQCOM is right at the bottom and enjoying the support levels at around 145ish. The support trend line suggesting mid march highs. For me it looks like best time to buy QCOMM.
HOW-TO Know This Chart Is EXTENDED? The Stock market overall is VERY extended
You might hear this term being used a lot these days.
For beginners, it could be a confusing thing.
In trading we like to time our entries. We don't want to buy something when its "too expensive"
In Chart terms, an expensive stock is one that has trend strongly for a period of time and showing signs of Exchaustion or Reversal
In this video I try to explain what makes a chart an "extended" or "Over Priced Stock"...
I use my Indicators and Chart pattern to answer this question.
Let's see how!!!
$QCOM Ready to Flush a Bit LowerIt's hard to find short candidates in this incredible tape. But QCOM continues to look like it wants to go a bit lower at least.. We look for a flush of the $140 orders next.
Reversing tomorrow ? I was checking the activity of the stock today, looks like people is loading up. How many days will be in this level ? 145 - 146 already has three
QCOM - Brush it off and get up that hill soldier!We are emerging nicely from the selloff. We have a Positive Squeeze happening with bullish candles. After all the selloff was overdone. With a low PE ratio of 24.93 and and a nice EPS we are at a good spot over the next week or so to move higher. Also the volume increase into the close was very nice. This is why I rarely hold stocks into earnings :) GL!
the b[AI]te's weekly insights -- QCOM 2021-02-08center stage attention
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our system found that QCOM received most attention over the course of last week.
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we see a strong negative correlation with our image indicator. We therefore assume that prices are driven emotionally and might not reflect an accurate picture of the companies current state of affairs.
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FAQ
ATTENTION
our algorithms define ATTENTION as the overall number of stories and opinions that appear for a given security each day.
IMAGE
our algorithms define IMAGE as the averaged sentiment value extracted from all opinions received for a given security per day.
Short before LongGood financials, recent earnings was solid. Recent sell off due to profit taking and some media drama.
www.cnbc.com
www.themarketsdaily.com
Seeing this hit the bottom of the channel and anticipating a nice bounce back to the top.
**I really hope that this doesn't go sideways like AMD ....
Qcom dipped 10% down after earnings but beatGreat company and they beat this Quarter and the 3 prior Quarters. Nice Revenues, low PE ration, and a nice EPS. They only dipped because of some further looking difficulties.
$QCOM with a bearish outlook following its earnings #BeststocksThe PEAD projected a bearish outlook for $QCOM after a negative under reaction following its earnings release placing the stock in drift D
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Qcom gap fill maybe? channel respectedQCOM dropped heavily today after investors being disappointed with Qualcomm's 5G expectations. Even after a heavy correction of 10% from two days The price action with in QCOMs channel is still being respected. This might be a great opportunity to buy the dip, But I will wait because the price might want to fill the following gaps the stock made a few months back. While I highly doubt we might see QCOM drop to 100 in order to fill the gap, anything can be possible since we might see a correction on the overall market pretty soon. two things that I am looking for.
1. I want to see if qualcomm stays with in the channel tomorrow or if it will open down below it showing a bearish signal.
2. even if it does bounce up from here I would be cautious of a possible bull trap.
$QCOM 143 is keyThe company just broke a very long term channel and is about to test a very strong support @143.20 that coincides with the golden reversal ratio .618. If the company reaches this level expect a jump back to 160
