QCOM trade ideas
QUALCOMM Incorporated (QCOM) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | Weekly Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
# Position & Risk Reward | Daily Time Frame
- Measurement on Session
* Retracement | 0.5 & 0.618
* Extension | 0.786 & 1
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Neutral
QCOM Ascending TriangleQcom has formed an ascending Triangle. I am anticipating an upside Breakout. Here are some observations:-
The price is making higher lows.
Price is currently trading around its 200DMA
Bollinger Bands are contracting which signals a possible Breakout.
QCOM: H&S Gap FillerIndicative of the tech reaching the peak. First movers on the return down before their next ride. Will the ride show up post election? Will the tumble happen in 2026 as the economy weakens like we've never seen? Let's wait and see.
Qcom Currently Qcom is ranging and positions at CMP should be avoided, as shown above buys or sells can be taken upon the break and retest of the key levels
Enter long in QualcommI've entered a long position in $QCOM. Charts looks bullish. The factors for this decision were the following:
Price is above all SMAs (30, 50, 200)
In the next days we should see a bullish cross of the 30 and 50 SMA
The current low was made on the 5th of August, the next low on the 6th of September was significantly higher
We have tested the resistance cluster several times - the more it's tested the less likely it's being respected.
Have you heard the rumours about the takeover of Intel? Me too, but I trade the chart not the news. ;)
So, let's see how this plays out.
QCOM switching momentumBuy lows, sell highs. QCOM + INTC unstoppable duo.
Qualcomm Incorporated is an American multinational corporation headquartered in San Diego, California, and incorporated in Delaware. It creates semiconductors, software, and services related to wireless technology. It owns patents critical to the 5G, 4G, CDMA2000, TD-SCDMA and WCDMA mobile communications standards.
Watch for QCOM breakout at 175QCOM testing past resistance levels with bullish divergence on the MACD and buyers recently taking control on the RSI.
Rise RetracedThe rise from about 151 has been retraced by 78 %. And as the rise to 230 has been corrected at the end of July as well a continuation of the uptrend may be realistic.
Approaching some nice support on QCOM!🔉Sound on!🔉
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$QCOM - At critical supportNASDAQ:QCOM I posted on August 27 that Qualcomm might be forming a head and shoulders pattern. Look at it now. The right shoulder looks complete. It is currently sitting on critical neckline support.
Remember, a head and shoulders pattern only validates if the price breaks below the neckline with multiple trading sessions closing below it.
So, the pattern's validity still remains to be seen.
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
QUALCOMM Incorporated LONG 142 QUALCOMM Incorporated LONG 142
QualcomYearly DMIP 77
QualcomYearly Breakout 100
Qualcom6 Month DMIP 158
QualcomQtrly BUFL 147
Qualcom Monthly Demand 158
Qualcom Monthly Demand 117
Qualcom Weekly Demand 142
$QCOM - A potential head and shoulder?NASDAQ:QCOM It’s still early, but Qualcomm might be on the verge of forming a head and shoulders pattern. However, remember that this pattern only confirms if the price breaks below the neckline. Currently, the right shoulder hasn’t formed yet.
Keep an eye on the $157 area for confirmation. 👀
Rise CorrectedThere was a 10 month long lasting rise until June followed by a steep fast fall for 1 1/2 month.
The fall had stopped exactly at the July 2022 peak. Thus we can assume that the rise may continue, i.e. that the trend has not yet been broken.
Anyway there may be some more upward correction of the fall at least.
Qualcomm has tough resistance at 178 Post the breakout from head and shoulders, NASDAQ:QCOM hit a long term support of 156.25 and now after recovery has a tough resistance at 178. If it performs, really well, then the base of the previous head and shoulders will be another resistance around 193!
QCOM -- riding the "MicroChip/AI" growth era. UPSIDE in order!QCOM is signaling a BIG BUY ALERT as big news recently came up -- with Meta and Qualcomm teaming up to run big A.I. models on phones.
Qualcomm and Meta will enable the social networking company's so-called new large language model, Llama 2, to run on Qualcomm chips on phones and PCs starting in 2024. The chipmaker says the technology will enable applications like intelligent virtual assistants.
On our monthly data, long term price shift has already commenced. The stock bounce of a 61.8 FIB level with precision. The 120ish price area has been a reliable major order block support for quite sometime. On histogram, higher lows has been created conveying the current price range as the new base for the incoming series of ascend.
Volume has been surging in an impressive fashion. Net positive volume is up by 154% from 9.32M to 23.7M. This shows significant buyer's positioning on the company's prospective fundamental and technical growth.
If you think NVDA is too high now -- and want a similar growth prospect within the same industry, QCOM will no doubt fit the bill. The room for growth for this tech stock is unbounded.
Expect some notable price growth from here on for QCOM -- as the world enters a new era of technical innovations.
Spotted at 124.0.
TAYOR
Safeguard capital always.
is 86x is here to stay or ARM base architecture for the winthis is not a financial advice
Qualcomm's dominance in mobile processors often flies under the radar, but it's a key player in the semiconductor industry. Their new Snapdragon line for laptops, based on ARM architecture, offers better power efficiency than x86 designs. This means longer battery life and sleeker devices - crucial for modern mobile tech.
They're also betting big on AI, integrating Neural Processing Units (NPUs) into their CPUs. This move could revolutionize mobile computing by enabling powerful on-device AI processing. Qualcomm has compilers for running open-source large language models locally on phones, potentially addressing privacy concerns and reducing cloud dependence.
While it's facing tough competition from Apple's powerful in-house chips, they've got a major advantage in market reach. Snapdragon chips are in most Android phones, giving Qualcomm a huge slice of the global market. Apple's chips are great, but they're limited to Apple devices.
so Qualcomm's doubling down on AI integration and expanding into new areas like automotive tech. The main hurdle? Software and gaming industries are still catching up to ARM architecture, making some consumers hesitant. But with Intel faltering, more folks might start looking ARM's way.
let's talk finances :
Revenue Growth :
-Total Revenue has increased from $8,451 million in Q3 2023 to $9,393 million in Q3 2024, showing a year-over-year growth of about 11.1%. This indicates positive momentum in Qualcomm's business.
Gross Profit :
-Total Gross Profit has risen from $4,659 million in Q3 2023 to $5,219 million in Q3 2024, an increase of about 12%. This slightly outpaces revenue growth, suggesting improved profit margins.
Cost Management :
-Cost of Revenue has increased proportionally with revenue, from $3,792 million to $4,174 million. This shows consistent cost management relative to sales growth.
Operating Expenses :
-Selling, General and Administrative Expenses have increased from $618 million to $664 million, a modest rise considering the revenue growth.
-Research and Development Expenses have slightly increased from $2,222 million to $2,259 million, indicating continued investment in innovation.
Quarterly Trends :
-Looking at the most recent quarters (Q1 2024 to Q3 2024), we see a slight dip in Q2 followed by recovery in Q3, suggesting some quarterly fluctuations but an overall upward trend.
Overall, this basic skimming of the balance sheet paints a picture of healthy growth for Qualcomm, with increasing revenues and profits, maintaining cost efficiency, and continued investment in R&D. The company appears to be in a strong financial position with positive year-over-year performance.
finally, I think if they broke into the market they r the next Nvidia but timing is hard make ur own decision and take smart and calculated risk
SupportedRenewed selling pressure has driven the price back down to a, what I think, fluctuation center since March. At this level the market has stopped several times, has built windows and a hammer like candle. Thus it is no wonder that Fibonacci calculations result in a support as well.
I can imagine an upward correction of the impressive drop since June.
QCOM: Major Turning Point! (D&W charts).On the daily chart, the price has recently found support at the 61.8% Fibonacci retracement level, calculated from its previous significant swing low to high. This level, often regarded as a golden ratio in technical analysis, has seen a bullish reaction, indicating buyers stepping in. The price is now hovering around the 50% retracement level, and the 21-day EMA is positioned above the current price, acting as a resistance.
On the weekly chart, the 21-week EMA is providing support around the 186.67 level. This EMA has historically acted as a dynamic support throughout the upward trend, which began in late 2023. If the price maintains above this EMA, it could signify continued strength. However, if QCOM loses the 61.8% retracement (D) and the 21 EMA (W), the next support level to watch is around 177.59, derived from previous top level.
The confluence of the Fibonacci retracement levels and the support provided by the 21-week EMA suggests that Qualcomm is at a critical juncture. The reaction to these levels will be crucial in determining the next direction for the stock. For now, QCOM is boucing above its support levels, suggesting a bullish sentiment, however, if it loses its support levels, we will see a reversal ahead.
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Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
QCOM upmove possible, US Stock100 ema strong support
breakout retest almost complete
189 above try build position
190/192/194/196/206 can test in next few days
QCOMThe initial post was on my X account. Entry at the assumed completion of an expanded flat, that has formed above the ATH. The lower time frame chart is in the update
