$QCOM Breakout Setup for Qualcomm
Possible entry on move to new highs at approx $95.00
Upside target $109
the 5G trend should be a big boost to QCOM
1QCOM trade ideas
Qualcomm sell signals on D1.Qualcomm, daily timeframe: Resistance level + 2 Hanging Men + Divergence
V BottomQCOM is one I have owned since the bottom. Gr8 dividend payer and for me it is a keeper. V bottom and possibly formed a handle there, so may say it is a cup and handle. Either way break out is the same
Earnings 7-29 AMC
Possible pull back to 87ish or 88ish so I plan to buy more if this happens. The stock is in a small rising wedge which it may or may not fall out of. (Rising wedges happen often in bear markets) I do not feel we are in a bear market but it is true we went down awfully quick and many stocks went back up like a lightning bolt! Rising wedges can form when folks get a little too excited (o:
I do not have a stop and I know that is a NO NO..lol but if I did it would be very loose at 74ish as I plan on keeping this one. If I was buying this short term, I would place my stop at gap down from before Corona Balona.
Good luck. I do own this stock but do not mean to recommend it to you. Be safe
QCOM: Expect the bulls to win the $92.0the bulls have been very persistent with QCOM. it took more than 4 attempts to break the $81 and the $89.
next we should expect to breach the $92, maybe today by market close (that would be great), maybe Monday? we have good tail wind and positive/green sentiment - but the current short term move is not yet a fully formed uptrend (on the 1hr and Renko views)
let's keep watching. Projected target of $98 by Wk4 July still holds so far.
thoughts?
QCOM Breakout IdeaQCOM looks prime for breakout to $100+.
Volume Profile since November gap up forming base at $90 as launchpad. Moving Averages stacked. Lots of taps at this resistance, not going to hold much longer imo.
V BottomQCOM seems to be pulling back it would appear and solid support looks to be at 78 and 80 (ish)
QCOM looks to be in a rising wedge right now and could fall out.
Breakout from a V bottom would be over the prior high so possibly at 97.2. Due to stocks often pulling back when they reach a high as of late, unless the stock is SQ or PYPL, ETSY etc.. LOL..definitely do research and adjust accordingly.
Targets would be 120 to 126, then second targets would possibly be 143 to 155
I like this stock and feel it is a keeper. I have owned it since close to the bottom and plan to buy more when the time is right
QCOM Massive Fractal Breakout5G architecture / devices rolling out to the end of the year. Tech as a whole heading to its second bubble. It would only make sense QCOM is one of the leaders of the rally.
Trading at Pre-Covid Levels w/ Volume profile support +2.9% DiviEV/Sales Consensus.. sitting at 5.1x
WHY QCOM??
Qualcomm pushes 5G tech into chips for cheaper phones
June 16 (Reuters) - Qualcomm Inc on Tuesday said it is putting 5G technology into chips for smartphones that will sell for as little as $300 and that will come to market in the second half of this year.
San Diego-based Qualcomm is the biggest supplier of processors for smartphones and the modem chips that connect the phones to wireless data networks.
The company's chips featuring fifth-generation (5G) cellular telecommunications technology are currently in many premium-priced smartphones such as Samsung Electronics Co Ltd's Galaxy devices.
But Qualcomm has also been working to get the technology into cheaper devices. The new chip, called the Snapdragon 690, will go into devices that it expects to retail at $300 to $500, Qualcomm said. Phone makers such as HMD Global, the owner of the Nokia phone brand, LG Electronics Inc and Lenovo Group Ltd's Motorola plan to use the chips, Qualcomm said.
The push into lower price points means higher volumes for Qualcomm. According to data from Counterpoint Research, smartphones with wholesales prices of $100 to $400, which are somewhat lower than the prices consumers pay, made up about 50% of the overall smartphone market in the first quarter of 2020.
QUALCOMM INCThe market. Continues its upward trend. there is a probability that we are going to the level of 105 if ever we break with power the resistance of 92
$QCOM Waiting for all time high
Rather than looking for entry now we await the breakout trade.
50ma had already crossed the 100ma and will son complete a golden cross on the 200ma.
Indicators remain mainly bullish
$QCOM Bull Flag Developing?I like $QCOM's fundamentals going forward. However, I am more of a technical trader. I'm looking for QCOM to break up and out of this bull flag. I'll look for a close over this flag for an entry with increased volume on the breakout. These set-ups have a high failure rate so I'll run a tight stop once executed.
Creating an Elliott Wave Count from Patterns (Qualcomm Example)In this video I tried to make an Elliott Wave count from identifying a pattern that can only occur in certain situations and made a plan moving on from there...
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QCOM: Ready, Steady, Go!beautiful pattern and a breakout at the end of the day today.. Seems the move up hit some buy stops that were waiting the breakout
first target hit, and looks like there's room to move higher. let's keep watching (and holding)
QCOM PUT trade ideaSo for today this is my simple analysis on QCOM . Feel free to leave your comment and opinions here. Follow me for more simple analysis. Keep it Simple.
$QCOM Qualcomm $90 target
Finally broke above 200ma resistance
Long term channel in play
MACD crossed bullishly
Volume rising
Catch up trade
$QCOM - Room to run?$QCOM
Honey, put the wheelchair away, because this baby has got some legs.
Little suspect of any tech stock continuing to run in the current event given my notes on how i personally feel about china, the markets and economic climate.
However, the gap is starting to fill back from march crash.
If it can push above 85.20, I would use that as an entry point for a quick trade ensuring my limit sell is set to 87.20 and keeping a tight stop loss.
I would continue to raise my stop losses if Qcom continues to rise in the short term.
Checked out the earnings whispers website and notices that they expect -50% in quarterly revenue. So any long term hold on a chip stock is risky.
