Qualcomm done consolidating?Waiting for 500/200 MA confirmation in 4 hour chart. Fundamentals are strong and the market is rotating back to tech/growth stocks. Good luck!
QCOM trade ideas
QCOM bullish pennant Technical analysis shows consolidation.
Fundamental analysis - this coming is at the forefront of the 5G revolution.
$QCOMLooks like all i can see is short setups, so here's another one. Nearing my (POI) zone and will be looking to short it. right now its on the ascending channel which makes me believe it will go to my POI zone when i can short.🤪 Also it is approaching resistance. Please do your own DD my analysis is purely technical.
Trade Safe
Goodluck.
QCOM Finding Support @ $130 levelQCOM
Current Price $131.40 Price Target $165
Qualcomm is set to take a significant chunk of the 5G chip market that was dominated in the past by Huawei which is currently banned in the US & UK. 19x PE (FWD) & a 2% dividend is very attractive given the growth potential QCOM has. Recently the whole Chip sector has pulled back amid a shortage that will boost the sector for at least the next two years. This pull back is a buying opportunity for QCOM as nothing has changed for the company besides reporting a good quarter that beat expectations.
QCOM Gap Fill Trade4 months of consolidation, double bottom on newly established support after nice wave pattern. Gap Fill target, stop loss just bellow bottom of the range, 3:1 r/r with massive 20%+ upside. Overall very bullish trend.
If QCOM is forming ④ as expected, the price will go past 100usdNow we're looking at QCOM in the weekly chart (primary wave degree) where III has not ended yet.
There's still ongoing ④ (zigzag) that could go down to 100usd or lower.
If that's the case, I'll find an opportunity to play long there
QCOM - $165 PRICE TARGET QCOM - Current Price $130.48 Price Target $165
Qualcomm is set to benefit greatly not just from the chip shortage but the unexpected drop in supply of chips used for cellphones and handsets.Qualcomm’s Snapdragon 888, its new high-end chip with a 5G modem for Android phones. The newer chip which came out in Dec 2020 supports many types of 5G networks, the chip improved graphics rendering and improved artificial intelligence capabilities for things like facial and image recognition. Their 5G chip couldn’t come at a better time as tensions between the rest of the world and china continue, companies outside of China have started to avoid buying from Huawei. Back in 2019 Trump banned Huawei products in the US, and in July of 2020 the UK banned Huawei and their 5G chips and even said the companies existing equipment in the country will be removed by 2027. This is the perfect time to buy a trusted US chip maker that has a unique ability to steal significant market share in the 5G chip market. Great Value @ under 20x PE, 1.9% dividend!
QCOM not faring below 200 EMA for too long Company with solid fundamentals, with in demand product.
Unless for major market wide clashes, it doesn't stay below 200 daily ema for too long. Major support below 200 ema.
QCOM (sell)why sell cause there is a big outflow from ETF ´s
regarding Qualcom, it ´s a fact.
doesn ´t mean ETF ´s have reason but they are very important.
due to the liquidity they move.
anyway the spread is between $140 to be safe
to $ 127 whe re i consider it ´s a good buy.
Good luck
Charlie
$QCOM with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $CAT after a Positive over reaction following its earnings release placing the stock in drift B
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QCOM quick drawdownQCOM briefly broke a big resistance level at 140 but quickly shot down. I still like it long for now so I'm using this as an opportunity for entry.
QCOM to jumpQCOM has been trailing in attempt to regain it's 50 day SMA. Last few days it's gained it in time for it's earnings release.
They posted pretty great after hours earnings, so I'm expecting this to jump. However it must clear and hold above 141-143 region where there may be a lot of selling/profit taking pressure.
Qualcomm Q2 earnings today at 4pmQualcomm Q2 earnings are today 4/28 at 4pm. Qualcomm (QCOM) reported Q1 December 2020 earnings of $2.18 per share on revenue of $8.2B. The consensus earnings estimate was $2.08 per share on revenue of $8.3B. Revenue grew 62.2% on a year-over-year basis. The company said it expects second quarter non-GAAP earnings of $1.55 to $1.75 per share on revenue of $7.2B to $8.2B.
Q2 March 2021 Consensus:
EPS = $1.67
Revenue = $7.62 B
P/E = 23.75
R3 = $144.05
R2 = $141.53
R1 = $139.02
pivot = $136.08
S1 = $133.35
S2 = $130.42
S3 = $127.90
Do your own due diligence, your risk is 100% your responsibility. This is for educational and entertainment purposes only. You win some or you learn some. Consider being charitable with some of your profit to help humankind. Good luck and happy trading friends...
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28/4/2021 QCOMpossible pulled back for a few day to form a small inversed head and shoulder, and then charge right to the mars, the low side is pretty much formed but the volume doesnt seem enough to break through the POC, we will see
NASDAQ:QCOM
QCOM Long Double bottom + revisit
Price crossed SMA50 and SMA13
SMA50/200 support
OBV>OBV SMA34
WR crossed -50
Entry 137.6
Stop 130
Target 167
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
