if it happened once? This looks like the same set-up from the past.. Now can we replay this in the future? Nobody knows but if we have a plan we can mitigate risk. Put your stop just below 52.36 and see if this can retest back to 63.
1QCOM trade ideas
QCOM LongQCOM entrance at $53.4 with a stop at $51.80 and target of $62.81 provides a reward:risk ratio of 5.88 or 17.6% ROI. The large gap down provides a great opportunity since price almost always goes back to close the gap.
QCOM see much rewards over risk QCOM suffered a large sell-off due the lawsuit with AAPL. As we could see, even the sell-off is filling the gap of previous jump-up. Strong support around 51.17. With the upcoming earning, I would say its rewards would be great if considering the relative risk.
Qualcomm: BUY BUY BUY!Hi traders,
We can see that Qualcomm has opened the week with a drop of about 15%. Now would be a good time to buy. The red line is the expected price movement.
Cheers
Buyout of Soul And Vibe, Inc (SOUL)There are rumors among major shareholders that Soul And Vibe (SOUL) is interested in selling. I think a deal may already be in the works.
Only Short QUALCOMM, Inc. If It Breaks This Line, Target $56This trade is simple. When the stock price of QUALCOMM, Inc. (NASDAQ:QCOM) breaks below the trend line sloping up (seen in the stock chart below), short it. QUALCOMM will head to the $56 level target gap fill. Classic stock chart setup here for experienced investors and traders. Simple and clean, trades like this are great.
Buy Signal for QualComm - Marketbreadth is greenMoneyHour$-Breather signals a Buy for QCOM - always use a Stop Loss with 8% and wait for Sell signal of my Breather
My Market Breadth calculation shows a positive (green) environment
QUALCOMM with bullish Flag Qualcomm is caught in its longtermdowntrend. Now the stock has reached an important resistance Level at round about 53$. Here is based the midterm downtrends upper edge and the important SMA 200.
In march, Qualcomm tried to beat this Level - a consolidation followed and stopped near the fibo 38,2.
From then on, a bullish flag appeared.
Now 2 different Szenarios can be traded:
- Short again, hoping that the resistance would hold again. With this opinion, an entry at the actual Level could be intzeresting. Stopp should be installed a tick above the sma 200. The TPs of this short coan be: 49,7 (flags bottom edge) / 49 (38,2 fibo) / 47,75 (0,5 fibo) / 44,4 longterm uptrends bottom edge) / 42,2 (last significant low) / 36 (worst case - midterm downtrends bottom edge)
- Breakout Chance : Long entry above the sma 200 with TP 58/59$.
i have illustrated the different views in the chart
QCOM - trade updateWe went long QCOM on the blue arrow price level (51) after breaking and closing above the short term descending trend line with an initial target of the longer term descending trend line. After prices jumped through the longer term trend line my initial next target is 65.70
QUALCOMM US STOCK SHORTWhen I open the MN chart there was typical move of price down and then price form correction moves. Now is potential secound reaction down. I wait on signal to sell from D1 chart.
QCOM has a bearish chart in near term. A candidate to short .QCOM could not break the downtrend at 53.59 and started moving down . It tried to pull from 50.78 but again was a lower high and fell below 50.66 on 3/24. This is an indication that the downtrend is here to stay for a while and can be short.
The weekly chart shows confims downtrend and also in overbought zone for now.
If it closes below 50.18, it is likely to touch 48.18 before it pulls back. if it does not sustain that it can fall to 47.43
