QUALCOMM could make a hard turn?NASDAQ:QCOM Price may potentially undergo a significant reversal, particularly upon reaching the key demand area that has witnessed multiple retests in the past. It's a straightforward interplay of demand and supply dynamics.Longby Orkhestra1
Calls ideaJust bought some calls: Exp 09/01 Strike 111 Price is accumulation just above a strong pivot point. If history repeats, it could make a nice bounce up.Longby ArturoLUpdated 2
($QCOM) Qualcomm: Hanging Cliffside...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 resistance, it had been retested 3 times with most recently this past July. Each time, we had seen continuing lower highs, and a final base low in late October 2022 creating a demand zone between $101.50 - $107. After the most recent rejection of the weekly 50SMA back in January 2023, our demand zone cemented itself as of May 2023. With the demand zone of $101.50 - $107 now having been tested twice as our weekly demand zone, there was an expectancy of yet another retest of the 50SMA... That time has just recently passed this past July. Now that the 50SMA had been rejected yet again, followed by current price sitting at the volume point of control (dotted white line), there looks to be an imminent retest back to our demand zone. In addition to these technical indicators, there are a few fundamental and economical challenges ahead. China is on the borderline of deflation, there is a massive global credit bubble, and the Biden administration is currently in an unofficial trade war with China on chips by limiting exports of chips to china constraining global sales. Not to mention the fact that NVDA is at a 40x price-sales ratio, Qualcomm may get caught in the crossfire of these looming factors. Shortby LightningTrading23443
QCOMM Long EntryThis is at a huge discount. Buy and hold. Calls will print as well. Use a stoploss please or average down. Thanks.Longby The_Gains2
Bearish Alert : QCOMGreat Bearish action on top of this wave. A healthy pullback should start soon. Possible trigger below $129Shortby TizyCharts1
Earnings watch 8/2/23 post-marketEarnings watch 8/2/23 post-market: Here's a quarterly view 24hr ext comparison chart with the tickerTracker MFI Oscillator. QCOM PYPL SHOP OXY U HOOD MELI ET ETSY APAby Options3601
Breakout and Go Up to 150Qualcomm 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 Longby trieutv1
QCOM - earnings300723 - if it stays above TL, we go for the upper edge of the channel - the potential is 141 - I will consider buying a call option 🧐Longby michalskoda0
Triple Bottom BreakoutLooking 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.Longby dzygadlo0
QCOM 2H 2023 3D chartKeeping 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. by cmerged0
Qualcomm $QCOM | Bullish Falling Wedge BreakoutNASDAQ: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 of the flag I expect it to continue to ~$132. 2) If, however, price cannot manage to break above the flag resistance we may see price test the ~$105-$110 area which will provide an alternative buying opportunity. I will update as price action develops further. Longby AidanMDang116
QCOM, a long journey aheadDeep 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!Longby phanvinhhai1
Qualcomm bullish pattern - inverse head and shouldersNo 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.by MrAndroid0
QCOMHere's one just for fun, huge long term patterns playing off one another, can it really be... it'll be alot of fun watching this that's for sureby SandmanTrade0
QCOM - Falling Trend Channel🔹Breakout resistance at 123 in inverse head and shoulders formation. 🔹Tests resistance at 126, potential NEGATIVE reaction; upward breakthrough signals POSITIVE. 🔹Technically NEUTRAL for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️by wavepoint990
Use 130c expire 08/18 to trade its next ERaccording 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 $117.5Longby KhanhC.Hoang0
Bullish Alert : QCOMDaily Chart Bullish Alert after a double bottom with bullish crossover. The price action is not well defined.Longby TizyCharts0
QCOM 2-1 daily setupQCOM 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.by godzillaoptions1
QCOM Prediction using Fixed Range Vol w/ S&RSo - I've been playing a new tool (to me it is), the 'Fixed Range Vol' I only recently realized is available in TradingView's arsenal. I'm not exactly sure if I am using the correct way that it's intended to be used but so far, it's been a pretty reliable tool for my chart analysis attempts. 1.) I start by selecting the HH's and LL's on a higher time chart, let's say for example either the D or 4H and then again on a smaller time frame, let's say 4H or 1H and then again on the same or similar time frame as the last except this time I'd select points that are relevant to the symbols last noticeable trend movement. 2.) Then I would correlate the outcomes from those Fixed Range results withthe Supply & Demand areas generated from the indicator 'FluedTrades-SMC Lite' . More times than not - there is a fairly clear pattern or indication as to what the chart's next movements might be. So far - I've actually been quite surprised with the number of times this unusual method I somehow started using has been correct. Or is this a commonly used strategy that I just don't/didn't know of?by Y2K_B0
multiple trend resistances lines holding it back! 🐻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 ❤Shortby Vibranium_Capital9
Qualcomm (QCOM) | Two Technical Scenarios, How To Get It!Hi, I have a few requests about Qualcomm (QCOM) and I would like to some technical scenarios, how to get it. Qualcomm develops and licenses wireless technology and designs chips for smartphones. The company's key patents revolve around CDMA and OFDMA technologies, which are standards in wireless communications that are the backbone of all 3G, 4G, and 5G networks. The firm is also the world's largest wireless chip vendor, supplying nearly every premier handset maker with leading-edge processors. Qualcomm also sells RF-front-end modules into smartphones, as well as chips into automotive and Internet of Things markets. Let's start with the first one and it is so-called buy the strength. Currently, it trades between $120 to $130 and there is quite a strong horizontal level to fight with. So to buy it at the current prices would technically be a mistake. As I have said if you don't want to buy it from the bottom or if you don't want to buy the weakness then you have to wait for a confirmation. QCOM gets its confirmation after it has made a new mid-term higher high (HH). It will give the confidence that investors are interested more than before. The new mid-term higher high gets confirmed after weekly trading closes above $140 (blue line). After that, we have a break above the strong horizontal price zone, new HH, and wait for a retest to occur to get in a bit better prices. The second scenario is to buy it after it gets a downward rejection from the current price. It is possible because $120 to $130 has been historically a really strong price level and rejection of new lows isn't utopic. To prepare for a new decline we have to find the strongest price zone below and technically the strongest price zone stays just below $100, okay let's include the $100 there as well :) The criteria are: 1. The round number, the psychological number $100. 2. 50% drop from the all-time high. Well-known stocks often find support around this criterion and currently, it stays at $97-$98. 3. The most powerful criterion is the old resistance levels become support levels. Basically at the end of 2020, when the breakout and the rally to all-time highs started, it has not retested the breakout area yet. So we have quite a good amount of liquidity there to wait for. These untested areas, combined with other criteria to support it, can play out with a high percentage of the time. Hopefully, this time is not an exception ;) Summary: Technically there are two options: - Wait for a break above $140, to get a confirmed move and wait for a retest around $130. - If the current "rally" doesn't break the strong horizontal level then wait for lower levels from where we might get that needed liquidity and it stays around $75 to $100. Do your own research and if that matches with mine then you are ready to go. Thank you, VaidoLongby VaidoVeek6