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1QCOM trade ideas

Qualcomm (QCOM) bearish scenario:The technical figure Descending Triangle can be found in the daily chart in the US company Qualcomm (QCOM). Qualcomm is an American multinational corporation. It creates semiconductors, software, and services related to wireless technology. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA and WCDMA mobile communications standards. The Descending Triangle broke through the support line on 30/09/2022. If the price holds below this level, you can have a possible bearish price movement with a forecast for the next 80 days towards 98.71 USD. Your stop-loss order, according to experts, should be placed at 152.81 USD if you decide to enter this position. Looking at its valuation, Qualcomm is holding a Forward P/E ratio of 9.6. For comparison, its industry has an average Forward P/E of 17.45, which means Qualcomm is trading at a discount to the group. It is also worth noting that QCOM currently has a PEG ratio of 0.61. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. QCOM's industry had an average PEG ratio of 1.81 as of yesterday's close. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:QCOMShort
by legacyFXofficial
Bullish on Qualcomm. QCOMBetting on in the position of the B Wave in this pretty epic zigzag. Taking retrace of ?B of B for targets of C. C's within triangle tend to be the largest of the lot, so a chance we may come back to this idea and extend the goals to hyperextension incase of an epic C at a later stage. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
NASDAQ:QCOMLong
by Rykin_Capital
Broadening PatternMixed signals for now. There are some recent positive moving average crossovers but the top trendline of an apparent broadening megaphone like pattern, appears to be giving QCOM some issues. The moving averages are still out of order with the 200 on top versus the bottom of the group. It is not sloping down and is the longest term moving average on the chart. Price is hanging on the 50 DMA. The 20 looks droopy. I am not sure this will be able to get past that descending top trendline in a timely manner but time will tell. Possible M forming that would take this down a notch or 2 or even 3. It is early to be guessing at what is forming, so I will not. There is an unfilled gap overhead. I like this stock and plan to watch it. No recommendation. Be safe. I thought the government bailed out this industry so all would be hunky dory. Well I guess we bailed it out because the government does not generate revenue I guess. I guess we are paying for my unemployed next door neighbor's horticulture master's degree too. She plants a lot of tomato's in her back yard and owes a ton in student loans. She does give me a tomato sometimes though. (o: If you can not spot the fool when you sit down at the poker table, it might be you.
NASDAQ:QCOM
by lauralea
2
Qualcomm: Things are looking bullish!Qualcomm Short Term We look to Buy at 143.04 (stop at 138.51) Preferred trade is to buy on dips. Buying continued from the 38.2% pullback level of 141.98. 20 1day EMA is at 143.50. Posted a Bullish Hammer Bottom on the Daily chart. We look for gains to be extended today. Our profit targets will be 156.56 and 159.40 Resistance: 156.60 / 160.00 / 190.00 Support: 141.00 / 120.00 / 100.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:QCOMLong
by Saxo
1
QCOM SELLQCOM has been on my watch list and recently posted a chart but was not ready to initiate a position. QCOM is overbought on several chart times frames and various indicators on a bear market rally which lifted all stocks. I believe the rally will fade and ultimately print new lows. QCOM needs to break past the cloud and hold which I don't believe it will, this along with the VIX which is oversold we likely will reverse course. I will be looking for a gap up or spike to start a short position Monday.
NASDAQ:QCOMShort
by ShortSeller76
Alpha opportunity from modem and processor chips monopolySummary 3 years into Covid and the risk of recession starts to outplay the chip shortage story of semiconductor industry. With its unmovable monopoly status in its own specialties, we think there is alpha for Qualcomm against its semiconductor peers . Dominance in modem chips and smartphone processors, the company recently declared another victory as Samsung KRX:005930 gave up the plan of using the self-developed processor Exynos2300 and continue with the latest snapdragon SM8550 for the coming new galaxy S23. Just a few days earlier, another source has also shown that Apple NASDAQ:AAPL might not be able to develop their own 5G modem chip on time, which means until 2023 100% of apple products will continue to rely on Qualcomm for connectivity modem chips (instead of the previous forecast at 20%). Although the smartphone market is expected to go into a bear market for 1-2 years, Qualcomm business should still be able to maintain growth by expanding market share within . Another trend worth note taking is the rapid adoption of electric vehicles that has speeded up the development of smart-automobiles, which as a result dramatically increased the chips consumption for the automobile industry. Qualcomm infrastructure and experience in internet-of-things (IOT) application is going to give them a natural edge to make a monopoly again in car chips , which can be the growth story in the coming 2-3 years. Albeit claiming monopoly in modem and high-end mobile processor chips, there are plenty of challengers from Taiwan and China especially on the lower-end chips. Among the challengers, Mediatek from Taiwan is rapidly gaining market shares by producing chips for mid-to-low tier smartphones such as Oppo, Vivo and most models of Xiaomi. The price barrier from lower-end chip makers make it hard for Qualcomm to entering the broader IOT market especially for devices that do not require high efficiency and computational power. Trading discussion Given the mid to long term positive outlook of Qualcomm, we can trade QCOM from both a short term rebound angle, as well as long term investing perspective . The company is currently trading at PE of 13.5, which is lower than its semiconductor peers. Low PE stocks are more defensive against valuation squeeze under the current increasing interest rate environment. Here are QCOM’s peers current PE for reference: NASDAQ:AVGO : 23.9 NASDAQ:NVDA : 40.7 NASDAQ:AMD : 28.7 NYSE:TSM : 17.4 Technically speaking, QCOM is still under a bearish trend with the 20 days moving average running below the 50 days, and both pointing downward. The 50 days moving average is still the biggest upside resistance for QCOM with two previous breakout attempts on Apr-28 and May-31 both failed. Currently QCOM is flirting around the 50 days moving average again and we shall closely monitor if the breakout will be successful or not. Here are some technical levels one should pay attentions to: Downside support 118.23: Jun-23 dropped to a 52-weeks low 96.17: Jan-17 2020 pre-covid high, which was broken on Jul-30 2020 Upside resistance 136.39: Jul-8 attempt of breaking 50 days moving average 151.2: Apr-28 attempt of breaking 50 days moving average (also the current 250 days level) Note that short term traders and long term investors can see and use the above levels quite differently. For short term traders, the upside resistance can serve as entry when breakout for trend following, and breaking downside support to exit. On the contrary, long term investors might make use of the downside support as entry to accumulate long positions at lower cost to save up more cost buffer to ride a longer cycle.
NASDAQ:QCOMLong
by geoffreyip523