QUALCOMM ND Two Ideas in on chartslet me know what you think or / and ask any question in the comment section.
good luck traders!
QCOMD trade ideas
$QCOM - triangle Pattern breakdown with key support at $150QCOM - stock breaking down of triangle pattern on daily time frame now testing key support at $150 which it held previously. Put trade idea looking good below that level. Below $150 we can see $125 and lower.
QCOM pounding on support for multiple weeks.The chart of QCOM (Qualcomm) has been consolidating on a trend line for the last few weeks. This trend line also happens to be the neck-line for a head and shoulders (Bearish) pattern. Expect the stock to fall substantially should it confirm below the neck-line.
Target price after head and shoulders completion $85
Morning Overview: SPY Ranging with Potential to the UpsideIn this video, I covered all of the stocks I am looking at for potential pullback entries. I explained why I like them. I also showed patterns in certain tech charts. NYSE:HPE NASDAQ:PYPL NASDAQ:PLTR NASDAQ:WDAY $NYSE:JOBY. I talked about the current range in the AMEX:SPY and what we can look for there. I also covered two trades that I am currently in.
$QCOM #QCOM Fakehead out before a down moveH&S but buy signal at 151..
if 153.33 is not broken,
then we might see 182-192
which will be a fakeout
before a down move if price is a fractal.
H&S has played out with 1/3rd of measured move
Otherwise buying here would offer great risk to reward
if selling is done..
be careful around 182-192 area
Death Cross and Bear Flag in Qualcomm?Qualcomm has drifted since the summer, and now the bears might be stepping in.
The first pattern on today’s chart is the sideways drift that began in August. Following declines in June and July, that series of slightly higher highs and higher lows may be viewed as a bearish flag. Recent moves below the range could also be interpreted as a breakdown.
Second is the $180.95 level where the chip stock closed before its July 31 earnings report. Prices tested and failed at that level after the last set of numbers two weeks ago. Is resistance taking shape?
Third, the 50-day simple moving average (SMA) had a “death cross” below the 200-day SMA in late September. That may suggest QCOM’s longer-term trend is weakening.
Finally, our 2 MA Ratio custom script in lower study shows how the 8-day exponential moving average (EMA) has slipped below the 21-day EMA. That may suggest its shorter-term trend is also weakening.
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QUALCOMM DEEP DIVE (DD): A Trillion dollar Market Cap InboundQUALCOMM DEEP DIVE (DD):
A Trillion-dollar Market Cap Inbound
In this video, we will be doing a DEEP DIVE into:
1.) NASDAQ:QCOM H&S Pattern
2.) Why Qualcomm is a great investment, 6/6 score
3.) Implications for NASDAQ:INTC & NASDAQ:MBLY if they're acquired by Qualcomm. BULLISH MOBILEYE!
4.) Combining fundamental & technical analysis into investing
I worked really hard to prepare this video; if you enjoy it, please consider sharing. 🙏
NFA
#investing
QUALCOMM (QCOM): Diversified Growth Amid DowntrendQualcomm ( NASDAQ:QCOM ) presents an intriguing setup as we believe the wave I and a larger cycle might have concluded. Following its peak, NASDAQ:QCOM has dropped nearly 30%, retracing back to the range high. To finalize wave (A), we expect an additional leg down to complete the intra 5-wave structure. The likely target lies between $143 and $133, a range that aligns well with the Point of Control (POC) from March 2020 to now. This adds confluence to its significance as a potential support zone.
Despite the technical setup, we caution that the risk for a long position remains high. A more favorable entry could arise once NASDAQ:QCOM reclaims the range, validating the start of a potential bullish wave.
For the current quarter, Qualcomm projects revenues between $10.5 billion and $11.3 billion, with automotive sales anticipated to rise 50% year over year. CEO Cristiano Amon’s strategy to diversify Qualcomm beyond smartphones into chips for PCs, cars, and industrial machines underscores the company’s adaptability.
The next financial results release is scheduled for January 29, 2025, offering further insights into Qualcomm’s trajectory.
The $143-$133 range is a key zone for potential support, bolstered by its alignment with the POC. A decisive break below this zone could invalidate the bullish outlook, while a breakout above the range high may provide an opportunity to long this stock with lower risk. The completion of wave (A) would ideally coincide with a structural turnaround.
We are closely monitoring NASDAQ:QCOM for any signs of a reversal. Should the stock confirm a reclaim of the range, we may consider initiating a long position with a more precise stop-loss strategy. Until then, patience and vigilance are essential.
Qualcomm: Target Zone Ahead!While many tech-sector stocks are aiming for new highs, QCOM remains locked in a narrow range around the $170 level. Last week, the stock initially reacted to the 23.60% retracement and now hovers near the edge of our blue Target Zone (coordinates: $159.57 to $121.52). Our primary expectation is for the blue wave (IV) to extend further below the support at $151.39, where we anticipate its low point. Technically, a direct breakout to the upside is also possible, as our Target Zone – and thus the minimum correction threshold – has already been reached. If the price decisively breaks above the resistance levels at $193.84, an overarching alternative wave count will come into play (probability: 33%).
QCOMNow good Opportunity to sell QCOM Rising widge is breaked and it tests
Entry Sell 161.70$ Target 110$ Stop Loss 182$
Snapdragon 8 EliteQualcomm has been in a rising trend as shown by MA, but after ATH, the price falls into a REC. Price moves between two lines that are not parallel. It is an expression of indecision among investors about the direction.
Significant break up or down, preferably with large volume, will give the direction, at least in the short term.
Lately, there is no good correlation between price peak and volume peak.
The sum of price momentum indicators goes from sell to buy during a month on Trading View.
Analysts are predominantly bullish on the stock.
Qualcomm, as often seen, went above expectations in its Q4 advance financial statements a week ago.
The price jumped up briefly but is back in the REC I mention.
Qualcomm has had a conflict with Arm for a few years, but Qualcomm diversifies and develops their own technology.
The British chip design company Arm has revoked a license that allows the chip manufacturer Qualcomm to use Arm's intellectual property rights to design chips.
But how important will it be?
Qualcomm has developed a new processor Snapdragon 8 Elite, which is said to be based on Qualcommt's proprietary processor design Oryon. Supposedly, the new processor is faster, better suited to AI and will be implemented in mobile phones within weeks.
Remember you must do your own research and assessment before buying and selling.
Disclaimer: I have a position at Qualcomm.
QCOM eyes on $164 going into earnings: Golden Genesis fib is keyQCOM pulled back sharply into a consolidation.
Currently dancing precariously on a major support.
Earnings report can launch it or trap bulls below.
$ 164.00 - 165.72 zone is Golden Genesis + Covid fibs
$ 149.25 - 152.16 zone is Golden Covid + Genesis fibs
Losing both zones would be very bad for bulls.
Road back to the top has only solo fibs for hurdles.
IMO the odds ar that it dips to lower support below.
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QUALCOMM Incorporated (QCOM)Calls above 165.57
Puts below 164.39
A wedge pattern can signal either bullish or bearish price reversals.
The trend lines drawn above and below the price chart pattern can converge to help a trader or analyst anticipate a breakout reversal from either side. This strategy is based on price action and the volume of a candle upon breakout.
Technical Analysis of QCOMOverview of the Stock and Recent Price Action
QCOM has experienced significant volatility over the past year, with notable movements that highlight key trading opportunities. From November 2023 to June 2024, QCOM enjoyed a strong uptrend, climbing from around $110 to a peak of approximately $220. However, after reaching this high, the stock entered a downtrend, declining to around $160 by November 2024.
Step-by-Step Analysis
1. Trendlines and Channels
Ascending Channel: Initially, QCOM was trading in a steep ascending channel, indicating a strong bullish trend until mid-2024. The subsequent downtrend has formed a descending channel, reflecting bearish market sentiment.
2. Fibonacci Retracement Levels
Support: The $160 level has acted as a significant support area recently, with the stock bouncing off this level multiple times.
Resistance: The $170 level is a notable resistance point. QCOM has struggled to break above this level in recent months.
3. Volume Analysis
There are spikes in volume during significant price movements, such as the peak in June 2024 and the decline thereafter. This suggests strong investor interest and potential institutional activity during these periods.
4. Indicators and Events
Earnings Announcements: Key earnings dates are marked on the chart, which can significantly impact price movements. Traders should watch for upcoming earnings reports.
Potential Price Movement
Bullish Scenario
Entry Point: A break above the $170 resistance level with strong volume could signal a potential reversal and continuation of the uptrend.
Stop Loss: Below $160 to limit downside risk.
Profit Target: The next target would be in the $180-$190 range.
Bearish Scenario
Entry Point: A failure to hold the $160 support level could lead to further declines.
Stop Loss: Above recent highs to avoid false breakdowns.
Profit Target: The next support level would be around $150.
Conclusion
QCOM is currently in a consolidation phase between $160 and $170. A breakout above or below these levels, accompanied by strong volume, will likely determine the next significant price movement. Traders should monitor these key levels and be aware of upcoming earnings and dividend announcements.
QCOMThe QCOM stock has formed a bullish flag pattern that has been broken and confirmed. We can now enter a sell position with a target of $113. Entry point is at $166, and the stop-loss is set at a close above $180.
QUALCOMM Short Trade Hits TP1 – More Bearish Targets PossibleTechnical Analysis: QUALCOMM – 15-Minute Timeframe (Short Trade)
QUALCOMM has reached TP1 (171.92) in the short trade, with the remaining targets still in play. The initial downtrend is confirmed, and we are closely watching for the next targets to be hit.
Key Levels
Entry: 173.07 – The short position was initiated following clear bearish signals.
Stop-Loss (SL): 173.99 – Risk management placed above the entry point to limit potential losses.
Take Profit 1 (TP1): 171.92 – First target hit, confirming the downtrend's strength.
Take Profit 2 (TP2): 170.08 – The next target is set as momentum continues downward.
Take Profit 3 (TP3): 168.23 – Further price movement could test this level soon.
Take Profit 4 (TP4): 167.09 – The final target for this short trade.
Trend Analysis
The price has broken below the Risological Dotted trendline, showing sustained bearish momentum. The price action confirms the downtrend, with TP1 already achieved, and lower targets still within reach.
QUALCOMM has started its downward movement by hitting TP1. We are now observing further bearish pressure to meet the next targets. Risk management remains crucial with the stop-loss in place.
$QCOM Volatility Contraction Pattern? (VCP)NASDAQ:QCOM has gotten a lot of bad news over the past few months, and it’s share price shows it. However, the chip sector is doing well, and you cannot count QCOM as down and out. After setting a low on August 5th it has now put in a series of higher lows and is tightening up (coiling) which is forming a VCP.
I like this technical setup and have an alert set in case the price moves up and over the downtrend line. Note that there seems to be a heavy area of resistance just above the horizontal line area. If I take this as a trade the chart clearly shows where my stop is going to be for a low risk reward trade. All TBD.
Here is some news helping NASDAQ:HON but who are they going to for AI solutions?
Honeywell International Inc. HON shares are trading higher on Wednesday. The company expanded its collaboration with QUALCOMM Incorporated QCOM to create new AI-enabled solutions for the energy sector.
However, there is also concern that NASDAQ:AAPL iPhone sales are not great, and they use QCOM chips. AAPL is also developing their own chips. But QCOM chips are used in the auto industry and many other industries as well.
QCOM BEAR FLAG???Qcom needs to close below 166.13 for a potential move to 164.06. If it can take out this level then the stock can see a push to 161.88 and then to 155.86. Lastly, the stock is in a bear flag, for whatever that means to you lol
QCOM Short: Elliott Wave 5This is definitely not the best risk-reward idea that I've published but it has a nice wave structure:
1. Wave 3 = 1.618x Wave1
2. Wave 4: 5 wave triangle
1st Target: $140.04
2nd Target: $120.30
2nd try in QCOMI’ve entered a second LONG position in NASDAQ:QCOM after the first one was stopped out. See the chart for details. The price retraced back to the entry level yesterday, but now it seems like the bullish move could begin.
After breaking through the resistance area (marked by the red rectangle), I expect bullish momentum to increase. By then, the SMAs should be perfectly aligned.
I plan to hold this position for about two weeks, as the upcoming US election could cause market spikes in either direction.
Good trade!
QCOM (QUALCOMM Incorporated) BUY TF M30 TP = 172.60On the M30 chart the trend started on Oct.8. (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 172.60
This level, which I have outlined above, is certainly not a “finish” level. But it is the level that has the “highest percentage of hits on target.”
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
