QCOMM chips will be highly implemented into the newest iPhone 15, they are the largest US chip company with exposure to china, and earnings/revenue are forecasted for continued growth into Q3 2024, so whats the problem?
Since March of 2022, Qualcomm's weekly 50 simple moving average had turned from support, to resistance. When the 50SMA of QCOMM had become...
Earnings watch 8/2/23 post-market:
Here's a quarterly view 24hr ext comparison chart with the tickerTracker MFI Oscillator.
QCOM
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Qualcomm NASDAQ:QCOM has broken out the descending trend line acts the resistance
QCOM might go up to 140 further 150
Wait for a retest to join the AI's race
Looking at some upside on NASDAQ:QCOM after it's completed a triple bottom pattern.
If it breaks out, looking for a target of $180
The stock has an additional bonus - sporting a ~2.5% dividend.
Keeping an eye on QCOM as it tries to break out of its multi-year down channel.
Keeping an eye on that 131 area, but considering past-earnings and the hype on semis, this could follow closely with INTC, if the market continues to avoid selling off.
NASDAQ:QCOM continues pushing to the upside since breaking out of a bullish falling wedge pattern (RSI divergence confirmation).
The current bullish wave has developed within a flag structure setting higher highs and higher lows.
Pay attention to how price reacts at the upper resistance of the flag.
1) If price manages to breakout above the upper resistance...
Deep watch QCOM.
A breakout pivot point (many resistence here: key level, neckline, trendlines, etc)
If QCOM overcomes this successfully, QCOM will be a potential stocks in the future.
Wait and see!
No clear breakout yet but is is easy to draw a clear inverse head and shoulders pattern on the chart of chipmaker Qualcomm. I will look out for this one.
according to TipRanks, the average price target for Qualcomm Inc is $135.26. This is based on 20 Wall Streets Analysts 12-month price targets, issued in the past 3 months. The highest analyst price target is $152.00 ,the lowest forecast is $110.00. The average price target represents 15.11% Increase from the current price of $117.5
QCOM has nice magnitude to the upside with a price target being Tuesday's high. A strong volume push beyond that would change my price target to the s/r flip zone above. There is downside opportunity here too, but it has a more shallow price target, with more downside potential to the lower s/r flip zone.
QCOM unable to break that trend resistance for a while now, even if it rallies a bit I wouldn't long
I expect 100 or lower in next few months or so.. boost and follow for more! thanks ❤
