QCOMD trade ideas
$QCOM Qualcomm Breakout Targets - Strong 5G data released
QCOM is making its breakout after 2 weeks of consolidation post earnings.
Fibonacci Targets $156 & $160
Positive news release this morning with NOk on 5G speeds achieved.
News Source Thefly
Nokia (NOK), Elisa (ELMUF) and Qualcomm (QCOM) announced that they have achieved the world's fastest 5G speeds on a commercial network in Finland by delivering 8 Gbps for the first time serving two 5G mmWave devices connected simultaneously. The fast speed, which was showcased at Elisa's store in Helsinki, Finland, will support a range of new low-latency, high-bandwidth services, such as high-speed video downloads, mission-critical or virtual reality, or VR, and augmented reality, or AR, applications. The service is expected to be implemented in 2021. This was achieved by utilizing Nokia's 5G mmWave technology and Qualcomm Technologies' 5G smartphone form factor test devices over Elisa's commercial 5G network. The high speed enables more high-bandwidth and latency-sensitive enterprise services, such as remotely controlled devices for industrial needs. The solution will also allow subscribers to enjoy VR/AR experiences offered to audiences in massive stadium concerts, downloading 4K video content or triple-A games in a matter of seconds, as well as enabling enhanced capacity fixed wireless access connectivity as a fiber broadband alternative. The base station utilized two Nokia AirScale radios, each using 800 MHz of commercial millimeter wave 5G spectrum at 26 GHz.
Qualcomm could breakout from an ascending triangleQCOM hit resistance at 150 after an earnings gap up and is now forming an ascending triangle that should end soon as the rising lows force a new high. Buy point would be the top of the triangle or just past 150 to break that resistance. The 10d ATR (x2.7) asks for 11.24% stop and a position size of R8.9. An alternative is to use the low of the triangle as a stop loss.
Buy Point: 149.85
Stop Loss: 11.24% (133.01)
Position Size: R8.9
Alternative
Stop Loss: 7.55% (138.53)
Position Size: R13.24
$QCOM potential parabolic move!upper trend line on the verge of breaking! new highs being reached. breaking seller zone. first TP is 158.51.
SL under 145.63.
Qualcomm (QCOM): A Fundamental and Technical AnalysisIn this post, I’ll be providing my own analysis on Qualcomm (QCOM), shedding light on the fundamental and technical aspect of the stock.
What is Qualcomm?
Qualcomm (QCOM) is short for ‘Quality Communications’.
The American company was established by a communications engineer, Irwin Jacobs.
It’s a company that focuses on semiconductors, software, and wireless technology services.
Business Model
- Qualcomm is divided into two main businesses: QCT, and QTL
QCT
- QCT (Qualcomm CDMA Technologies) develops and supplies integrated circuits and system software
- Specifically, it develops and supplies systems and software used in mobile devices, wireless internet, communications devices, internet of things, and semiconductors used for vehicle infotainments.
- The smartphone AP is a core device that controls the OS, CPU, memory, audio, and the camera
- Qualcomm currently covers 50% of the market share for mobile device APs, and dominates 88% of the 5g Smartphone AP market.
- They are way ahead of their counterparts in both market share and technology.
- Qualcomm also offers a cloud service for vehicles, allowing wireless updates to take place
- They have also developed an autonomous driving solution chip called Snapdragon Driving.
- We will see cars that use this chip in 2023
- The RF Solution, a wireless network that allows signals to be identified without confusion, is also increasing in demand
- QCT covers 75% of the company’s revenue.
QTL
- QTL (Qualcomm Technology Licensing) grants licenses and rights to use intellectual property to others.
- Qualcomm possesses patents on CDMA, LTE, 5g, video and audio codec, WIFI, GPS, NFC and Bluetooth.
- QTL covers 23% of the company’s revenue
Financials
- Despite the numbers not being anything extraordinary, Qualcomm has reported a consistent increase in yoy revenue
- Especially in the case of Q3 2020, we have seen revenue and earnings skyrocket.
- The firm’s Q1 earnings was $468m, $845m in Q2, and $2.96b in Q3
- Along with this, their EPS has also skyrocketed, and analysts estimate a an EPS of $2.07 for Q4
- Qualcomm has not been profitable for the past few years due to their heavy investment in research and development
- While a lot was invested in R&D, the commercialization of proprietary 5g technology could bring immense profits to the company in the near future
Technical Analysis
- The daily chart shows a clear uptrend, with prices creating higher lows and higher highs
- Prices are trading within an ascending parallel channel, having been rejected by the top trend line resistance
- There are two major gap supports at $100, and $140
- The Moving Average Convergence Divergence (MACD) demonstrates diminishing bullish momentum, with decreasing histograms
- Nevertheless, as prices trade above the Ichimoku cloud and the 60 Simple Moving Average (SMA), the overall trend is very bullish
Summary
In conclusion, Qualcomm is a company that has a proven, solid business model. Their heavy investment in research and development is finally seeing light as the company turns increasingly profitable. Technical analysis also demonstrates immense bullish momentum behind the stock’s price.
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great chart request!QCOM why did i sell my shares at 105 avg, argh i did the same with SQ 100 avg. i need to work on my diamond hands. Id put a 200 pt on QCOM but it could take 2-3 months. be careful adding calls. IMO we are at the top of this trend for now, and looking for a dip add at 130-135, ill alert my entry like always ! gl :)
QCOMInto all the good stuff
TRANSPORTATION TECHNOLOGY
FABLESS SEMICONDUCTOR COMPANIES TELECOMMUNICATIONS EQUIPMENT VIDEOTELEPHONY SOFTWARE APPLICATIONS MOBILE TELECOMMUNICATIONS SYSTEM SOFTWARE FLEET MANAGEMENT GSM NETWORK ACCESS VOICE AND DATA COMMUNICATIONS WIRELESS PRODUCTS QUALCOMM WIRELESS INDUSTRY APPLICATION PROCESSING CDMA
QCOM pull back offers another entry pointQCOM broke out after earnings but pulled back in as the market also pulled back. Could be an opportunity to enter as it makes a new high. The buy point would be 149.51 for a new high with a 11.63% stop loss based on a 10d ATR (x2.7). Position size would be R8.6.
Buy Point: 149.51
Stop Loss: 132.11
Position Size: R8.6
QCOM MooningVolume and price action give the sense that the sell off after the large gap up is coming to an end. Look for price to push higher.
$QCOM Qualcomm Bet on 5G into Earnings.
Expectations high for QCOm coming into earning's and the
reaction to SWKS earnings may be concerning.
Will evaluate the situation as the day progresses and election
outcome will sway taking a entry.
Possible Bull-Flag breakout today
Fibonacci Targets $133 -$139
$QCOM Qualcomm On Watchlist for trendline breakMay be possible we get a runup into earnings for QCOM. Stock has held quite strong in the past few weeks whereas others have suffered much stepper declines.
Narrow Pivot Range QCOMNarrow Pivot range for November heading into Earnings on 11/4. Suggests a large move. Lets see if bulls absorb here at the pivot range for higher prices.
QCOM w43 2020. Risky long to 132$. Better w8 correction to 100$Whole Picture
Price in upward channel
Weekly
Uptrend reach its high.
Now its time to loose steam and get corrected for price.
If it is not good earning on Q3 it is better sell. and open from 112 - 118.
Price is on the top of channel. too risky to buy.
Case 1.
Positive Earnings and good political sitatuion = Long up to 143$
Open Now
TP 132$
SL 115$
Case 2 - more possible.
Weak earings in Q3. - deep correction to 100$
For now i think the best way is to work in short terms.
daily analysis of QUALCOMM INC Hi friends
my recommendation for this market is to go buy because the daily graphical analysis shows that it will experience an uptrend in the coming days with a high probability
Long Position with break triangle patterGood day!
I see the clear triangle patter on 1w chart, now the price covered 2/3 of pattern and probably ready to test support and resistance.
After falling of SMP I expect accumulation of Momentum and power to make trend go up.
On RSI and chart we have slight Divergence, but i suppose its related to SMP falling and reflex it.
QCOM prepare to short, When back into Supply ZonePrice breakout, and Short when it comes back to Supply Zone
Supply Zone breakout -- not sure it is true or false
Short when it comes back to Supply Zone
RSI Divergence
Stop order to Short: 124
Stop 127
Target 116; reward:risk=3:1
Target 109; reward:risk=5:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
QCOM 4 hr symmetrical triangle breakout scenarios NASDAQ:QCOM Recently exploded above 100, fueled by the hype of 5G. looking at the 4 hr chart, we have a strong symmetrical triangle pattern formed with breakout potential to both the bull and bear side. QCOM appears to have only slowed down due to the recent sizable pullback to QQQ and the tech sector as a whole. I am feeling very bullish on QCOM and will be looking to scalp on breakouts of the 120.2 supply and the ATH. If tech continues to bleed, we could see a solid short opportunity on a break below the trend line support, using the demand zones as TP points.
Cup and HandleLong when chart chills out a bit
Chart is in a bit of a struggle right now it appears. There is an unfilled gap below price that will provide excellent support.
I sold half of my position and waiting until the struggle resolve to buy more..I really do not like gaps underneath mel. The closer I can get on entry to that gap, the better
Possible rising wedge with bottom trend line of the RW at 111.6ish
QCOM may remain inside of the RW as Rising wedges are long term patterns. QCOM is sitting on bottom trend line almost like it is providing support...but then there is that gap that may never fill..worth my watching for a bit before buying more
Strong stock and I am hoping for targets 2 after this pull back
But nothing is ever a sure bet in the market
NV is high and short interest is low
I just like this stock. Great dividend and owning it does not keep me up at night (o:
Not a recommendation
PEG setup: QCOMQCOM pegged up over $100 and hasn't looked back. It's trading near ATH and has volume and support to test ATH again in near future.
