QRVO is registering massive net buy volume, as numbers has surged 3-folds from 1.22M to 3.46M -- conveying that the recent earnings call is attracting position takers in anticipation of the company's turnaround in terms earnings and growth. Monthly data is showing some shifting trend. Pricewise, the stock formed higher lows cementing its intention to reverse to...
Bismillahirrahmanirrahiim
1. Intact Uptrend
2.Retest Support and Lower BB
3. Bullish Divergence on W1
4. Candlestick Compression Signal
5. Significant Volume
Inshaa ALLAH
Look at this bullish chart. Should be self-explanatory. If you've got any questions feel free to use the comment section down here ...
Good trades, folks!
Waiting for a confirmation regarding the inverse H&S pattern which will end the downtrend. $140 is very possible from this point. Qorvo chart is one of the so predictable charts in this period, too bad that the liquidity for this stock is not so great.
Bearish/Bullish
Fundamental
- High inflationary Macro environment / no fear sentiment
- Funds not accumulation
- Positive PE
- Positive PEG
- Positive P/FCF
- Bad Sector / Industry / Leader
- Long term uptrend with good R/R however demand in Semi-con might be lacking / over supply
Technical
- Momentum Theory Indicator - waiting to bottomed
- Price...
The PEAD projected a Bearish outlook for $QRVO after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 100%.
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $101.70
Target Price: $99.85
Stop Loss: $104.79
QRVO appears to be bouncing around in a rectangle which is a neutral pattern until a trendline is broken with a trend in that direction.
This could be a bottom for now as a rectangle is a consolidation pattern , so the support at the bottom of the recctqangle is strong as it has been reinforced a few times. This does not mean it can not break to the...
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Tari.
QRVO is showing a longer term head and shoulders pattern where it looks like it may meet the neckline around the 181 area. The EMA crossover to the downside is a hint to further dowside towards the neckline.
Qorvo Inc: In Target Range (194.00-196.00). Take 70% Profit For +5.3%
Intraday high of $195.10
Could continue to move higher, so retain 30% and sell those higher.
Qorvo is an American semiconductor company that designs, manufactures, and supplies radio-frequency systems for applications that drive wireless and broadband communications, as well as foundry services.
Mkt Cap: $20bn
Regaining pivot and attempting to clear short term horizontal to downward trend line.
Buy Range: Current $185.13 down to 184.30
Stop:...
Contextual immersion trading strategy idea.
Qorvo, Inc. develops and commercializes technologies and products for wireless and wired connectivity worldwide.
The demand for shares of the company looks lower than the supply.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $171.47;
stop-loss —...
$QRVO.
Broke out of 3-month consolidation level at the $185 Fibonacci level.
Semis are hot and will continue to rise beyond ATH.
Price target is $220, which is at the -1.618 Fibo level.
50-Day EMA reclaimed 3/26 Friday and BUY signal on the Ultimate Stock Indicator flashed this past Friday, 4/2.
To find out more about The Ultimate Stock Indicator on Tradingview,...
QRVO was burning down the house today! Something got in it's way. Appears to be trading in a rectangle top, or a horizontal trading channel. This pattern is neutral until the upper or lower trendline is broken with a trend in that direction. Like a symmetrical triangle, it is a consolidation pattern. Often it is also a continuation pattern, but not...
