QCOM trade ideas
$QCOM Qualcomm INCI'm really digging this setup. Longterm i am bearsih but for the short term i am bullish until it reaches the (POI) and then, we wait and see if the price breaks above the (POI) or shows a pull back. IF it breaks above leave your positions open and if it breaks below take your profits and open a short position and the TP will be 💵💵💵. As simple as that.
I came to this conclusion after a multiple timeframe analysis but these scenarios can change anytime so keep an eye. So far it looks fat and juicy.
I can't stress enough, always use a stoploss.
Trade Safe.
Like if you like my analysis.
Thanks.
Elliot wave analysis for QUALCOMM INC- BULL CASEPossible entry points when 50 EMA crossed by price.
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THIS IS NOT A FINANCIAL ADVICE
Head and Shoulders QCOMPotential head and shoulders sighting in QCOM. We should wait for the breakout to happen at the neckline after which a corrective wave will follow. I expect the correction to be at ~$85 which is about 40% short trade. Do you agree with the idea?
Forecasting Plan Qualcomm Wednesday, 23 December 2020
8:32 AM (WIB)
Technology and Artificial Intelligence with 5G will be a more powerful dynamic in every aspect of life with Qualcomm.
investor.qualcomm.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
QCOM potential C wave beginning, target 135The cyan count is the alternate bullish possibility.
Copyright Rohan Karunaratne 2020
QCOM Trade IdeaSetting up nicely, selling pressure does not seem like it's exhausted yet though. Watching levels.
Possible Elliott Wave in QCOMI'm no expert, but I think it is possible that QCOM will have a correction to ~110. We should see ~45% short in the next 6 months or so. Any thoughts?
$QCOM 2020-DEC-16𝙌𝘾𝙊𝙈 𝘿𝙄𝙑𝙄 𝙃𝙄𝙏𝙎 𝙏𝙃𝙀 𝙍𝙀𝙎𝙀𝙏 𝙎𝙒𝙄𝙏𝘾𝙃.
The RSI has reset back to it's historic rally point; and the price is just above the lower bound of the rising channel. This has been surprisingly steady since March.
QualcommTuesday, 15 December 2020
5:23 AM (WIB)
Billions, maybe trillions of times a day…
That’s how often people around the world touch something made better by Qualcomm. It could be the smartphone in your pocket, the tablet on your coffee table, that wireless modem in your briefcase… it could even be that navigation system in your car or that action camera strapped to your chest. Who is Qualcomm, and what do we do? We are engineers, scientists, and business strategists. We are from many different countries and speak many different languages. We come from diverse cultures and have unique perspectives. Together, we focus on a single goal—we invent breakthrough technologies that transform how the world connects, computes, and communicates.
We often do what many thoughts were impossible.
Related Links:
www.qualcomm.com
www.youtube.com
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
QCOM - Gap Fill?Looks like we should fill the previous gap up. Maybe we will crash through EMA for quick win. Probably thought things will recover slightly and be flat. Sold -4 QCOM 1/15/21 155/165c for 1.45
LONG QCOM Good R:R = 4.24Expecting continuation of a trend after pullback. Good risk reward 4.24.
This is a pending order, or you can sell $145 PUT options and collect premium regardless of whether it fills or not.
$QCOM8 MA catching up and likely setting up for another run. Potential to move to 165 if closes above 158.
QCOM - Swing Trade opportunity - Follow the trendQCOM - Wait for price to come back to Support(50-SMA) before going LONG and follow the trend
QCOM Long $170Entry trigger $150. Stop loss $145. PT $160 by mid December 2020, and $170 by End of December 2020. Picked up 12/24/2020 $160C. (Republished since last post was set on private)
$QCOM - wedge + consolidation + news = winWith baited breath I wait for QCOM to finish consolidation and for the volume on their news to pay off in a short rally.
Other than being slightly over bought, there is nothing hurting this stock - folks are taking profits and it patiently waits for its turn with the volume.
QCOM 1D RANGE LONG TRADERanges are repeatable trading chart patterns.
Ranges are consolidation chart patterns that can breakout either direction.
Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern.
What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart).
Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place.
Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement.
When you see descending Volume bars and descending ATR line (which indicates volatility) this shows
a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern.
Trade Management after there is a breakout candle close.
1 - Position size (compare volume bar to volume ma line).
a - Breakout candle must be 100% of volume average for a full position size.
b - If 75% of volume average then ½ position size. (To find 75% of Volume
look at the charts volume settings – divide smaller # into larger # = 75%+)
If not 75% then stand aside from the trade.
2 – If candle breaks out of a trendline, 15m before the close of the day prepare your buy/sell order.
Enter two trades. 1st trade will have a SL & TP. It will close automatically when the 1st TP is hit. 2nd
trade only has a SL and will be allowed to run. When 1st TP is hit move the SL to breakeven. Look
at ATR and prepare SL at 1.5 of ATR. Prepare 1st trade TP at 1 of ATR.
3 - SL for both trades will be 1.5 x ATR.
4 - 1st trade TP will be 1 x ATR.
5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price.
6 - When 1st TP hit – move 2nd trade SL to breakeven.
7 - Adjust the 2nd trade SL to follow price.
*8 – After Breakout candle – if price closes back into chart pattern close trade don't wait for SL to be hit.
*9 - When breakout candle is more than 1 ATR from breakout candle open.
a - Enter 1st trade at candle close with ½ position size.
b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open.
c – Price should pullback to that pending limit order for 2nd trade.
d – If Price returns back into chart pattern close trade before SL is hit.
