If we break the 21EMA expecting a pump to test at least the 70 dollar range
TRADE IDEA Long Entry = 53.59 (if it hits before breaking out) Target 1 = 54.40 Target 2 = 54.71 Target 3 = 54.98 Stop loss = Daily close below 53.59 Trade is invalid if it drops to support based on bad news.
QUALCOMM share gives no reason to buy .. until now the share in a downtrend in addition to the price broke the triangle last month. I will waiting at 55.00 and search for selling opportunity/
Bullish divergence on 2 day tf and lower, 12h and 4h even 5 min, the buy zone represent a strong historical support, buying price and target 1 at the chart
TSM is moving towards a key resistance level which could in-turn create a reversal. That level is just under $39.00. Big tech companies are anticipating the release of 5G, so most if not all mobile devices will have capabilities and Qualcomm which is a customer of TSM will be producing a lot of chips.
QCOM looks like it wants to test it's 2 year support at the $50 mark. Secondary support is somewhere around $43. QCOM is coming off of a finished head and shoulders pattern, making its D leg downward. Typically a D leg is finished by a sharp reversal. In case of negative earnings, QCOM will likely drop well below the $50 support and have a sharp reversal upward....
Hello folks, THIS GOES FOR ALL PUBLIC COMPANIES, NOT JUST TESLA - PLACE A BLOCK ON YOUR ACCOUNT(S) Many may not be aware of this corrupt Wall Street loophole, when you sign a brokerage account, fine print in your contract allows the brokerage firm to loan out your shares to short sellers. It's like buying a Rolls-Royce and you paying the loan, and the company...
After a long war about rights. Apple and Qualcomm want to work together the CEO of Qualcomm told in an interview that Apple inc. and Qualcomm will work on 5g.
It's likely to have the third wave soon.
This is a long-term weekly chart on QCOM which completed an extended ABCD at the $81 level on Jul'2014. Currently trading near the top of a pennant formation with a clearly defined stop-loss level (ie. upper bound of pennant) with a huge potential if QCOM does break down and start a continuation CD leg to $32. This is a company fighting with its major customer...
"Apple Inc (AAPL.O) would not use Qualcomm Inc chips in iPhones and iPads from next year" www.reuters.com
Qualcomm has been potentially forming a well-known technical trading indicator called a head and shoulders (HnS) pattern. This pattern is basically made up of three peaks or triangles with the middle triangle have a higher top than the ones flanked on each side. A HnS pattern with the peaks on top is bearish as the stock drops upon the final triangle (or shoulder)...
I see this movement potentially setting up. I plan to write on this in a few more days after the stock moves up a little further. The initial play will be to the downside. The stochastic is overbought and RSI is nearing that area. A drop is coming, but I am anticipating the stock to rise long-term. Bearish over next month. Bullish after that
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