So over bought it's not even funnyThis is counter trend as 71% of options are on calls, but's it's so overbought right now, it's not even funny. A retrace is inevitable.
1QCOM trade ideas
Qualcom Could Reach 100.00 in a Few WeeksIn two amazing trading days this week Qualcom (QCOM) rose 45%, incredible for a large cap stock.
Also incredible is that QCOM appears to have completed a nineteen year Elliott Wave - Horizontal Triangle probably one of the largest examples ever.
Usually after a Horizontal Triangle there is a powerful thrust which can be measured by the widest part of triangle. The widest part of the QCOM triangle (100.00 - 11.61 = 88.39).
88.39 x .618 = 54.62 added to the termination point of the triangle at 49.10 targets QCOM 103.72 very close to the all-time high of 100.00.
Mark
$QCOM chatterWe didn't officially take $QCOM in our chatroom, but our chatroom was buzzing hard as soon as this beast started waking up, in the pre 60's. It hit 80 plus today. Surround yourself with bright people, join our chat.
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MOONSHOT - attacking the most violent stock on earth!Qualcomm is probably the most violent stock on the planet. The resent trip to the moon was a result of the signing of a truce with Apple (APPL). Apple - the giant - had sued Qualcomm for $30 billion in an overcharging dispute. Qualcomm had fired back with a paltry $7 Billion counter-suit for lost payments. They settled their dispute and investors went into a frenzy.
But have a look at this chart on any time frame. It's not just about the recent lawsuit. I've never seen such volatility before, in all my years.
So - how does one exploit this. Volatility is supposed to be essential to making money in markets - right? Errrh.. so why is this one gonna scare a lot of people?
The problem is in finding entry and exit positions! Those with keen eyes, have a look at the amber ATR indicator. Nearly every time there is a Grade A trend switch, $$ should flash in your eyes! It then becomes simple. The trend could decide your entry and exit points! No predictions!
Now the challenge is to find a suitable trend switch on the recent moonshot! Note the folly of shorting on ridiculously high or low RSIs. On this chart the RSI peaked most recently at 95.
QCOM pullbackI mean its been overbought. Any short within 57~77 would do, IMHO. Hold for couple days then take profit or ride with earnings if you think QCOM will fail.
QCOM: Pro traders' end of day reaction to AAPL newsThe huge candlestick yesterday was NOT HFT activity. A run occurred toward the end of the day, driven by pro traders who received early news regarding the settlement of a 3-year lawsuit with AAPL. Pro traders initiated the end-of-day run and smaller funds’ VWAPs triggered to continue the end-of-day run on high volume.
$QCOM Qualcomm will be a powerhouse in 5G,but we missed the boatIt has been a amazing few days for QCOM investors whom in fairness have had a difficult few years. This dispute with APPLE has been a dark cloud hanging over them and fear has kept new investor money away. After all it was Apple in the fight, not David V Goliath but close. Qualcomm will be at the center of the 5G revolution but we will not be joining them yet, we have missed the boat on this move but will be waiting for a pullback to short and then enter a long term long.
QCOM What the beep!QCOM Looks like a ton of people were waiting to buy this one. Guessing is going to crack the top of the range.
$QCOM Qualcomm Inc is not a better bet than Apple.Who is your money on in this court battle? we are going with apple and the stock market agrees, AAPL is climbing steadily towards that ATH again while QCOM languishes in a channel of doom and gloom. The courts will ultimately decide who will win the legal battle but Apple will win the investors money.
QCOM - Testing Support & due for bounceQCOM has been very weak relative to market. But, target has been reached on H&S pattern, and now testing support which has held since April 2016.
qualcomm is preparing to raise there many waves here if we look short its might fall little bit then it wil raise
QCOM is heading upQCOM is heading up because the 21dma has crossed up the 50dma and they are both well below the 200dma.
This is my magical indicator that I learned from weeks and weeks of study.
Trading at 55.40 tonight...
The next resistance looks to be at about 57.50.
Admission to the the May 18 55/57.5 long call dance hall will cost $1.16, with max profit of 93%
A more neutral outlook might go for the 52.5/55 Show at $1.55 with Max P. at around 60%
Or if gambling isn't your thing (...it kinda is, tho), the 50/52.5 game will cost $1.85 and you'd only take home 35% if you win.
Or if gambling is totally your thing, the 57.5/60 is .77 ie max profit of 225%. OH YASSS.
