QCOM for a quick payQCOM took a bit of a breather after being overbought, retraced some old territory, found a Friday bounce, and looks to be poised to run on following the Holiday.
Just an idea- this is not financial advice.
QCOMCL trade ideas
My View on QCOMQCOM breakout and perfect backtest the trendline.
Golden Cross in 4H chart (SMA 50 cross SMA 200)
I don't mind giving QCOM a CALL. This is QCOM $145C 20/08/21 100 at a 5$ contract (My choice)
On the other hand, QCOM Debit Call (vertical) 145/150 20/08/21 100 at $1.95 contract (highly recommend)
-----------------------------------------------
This is not financial advice. I'm not a Financial Advisor.
Trading is a high risk, do your own DD.
Let me know what you think
Cheers, I would share all my thought next time.
PEACE.
Trade Idea: Buy Qualcomm Inc. The Semiconductor sector has rewarded anyone that latched on the previous opportunities highlighted:
- On our 16 March radio slot we recommended Nvidia at $527. Since then, the share has had a strong move, testing $800 during yesterday’s trading session.
- We also recommended the SOXL ETF (on 15 June) at just over $40. Initially we saw a pullback however yesterday the ETF rose to it’s highest level since April, adding 7.35% by the close of trade.
Today we recommend another leader in the sector, Qualcomm Inc. The share has been consolidating for the past 8 months and is off it’s February peak of $167.58.The group has exceeded analysts earnings expectations for the last 10 quarters and technically, appears poised to resume it’s upward trend as it: (1) held the pivot, (2) regained the 8 and 21-day Exponential Moving Average (3) attempts to clear the overhead supply at $141.70. With supply constraints continuing to dominate the sector, we think the share has the ability to advance.
Last: $139.72 (Pre-market $139.41)
Buy Range: $137.70-140.00
Stop-loss: 132.45
Target Range: $153.00-157.00 (also note the gap at $161.80).
$QCOM Qualcomm Bullish Setup
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice.
Thank you for taking time to consult our chart and we would really appreciate a like, follow or comment.
$QCOMLooks like all i can see is short setups, so here's another one. Nearing my (POI) zone and will be looking to short it. right now its on the ascending channel which makes me believe it will go to my POI zone when i can short.🤪 Also it is approaching resistance. Please do your own DD my analysis is purely technical.
Trade Safe
Goodluck.
QCOM Finding Support @ $130 levelQCOM
Current Price $131.40 Price Target $165
Qualcomm is set to take a significant chunk of the 5G chip market that was dominated in the past by Huawei which is currently banned in the US & UK. 19x PE (FWD) & a 2% dividend is very attractive given the growth potential QCOM has. Recently the whole Chip sector has pulled back amid a shortage that will boost the sector for at least the next two years. This pull back is a buying opportunity for QCOM as nothing has changed for the company besides reporting a good quarter that beat expectations.
