QCI trade ideas
QCOM Treading Water For NowOn March 31, 2017 the Qualcomm Incorporated ( QCOM ) 100 day moving average (MA) crossed below its 200 day MA. Historically this has occurred 19 times and the stock drops at least 0.235%, with a median loss of 3.023% and maximum loss of 16.621 % over the next 10 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 50.3856. RSI tends to determine overbought and oversold levels. I personally use anything above 75 as overbought and anything under 25 as oversold. The current reading declares the stock is neutral.
The true strength index (TSI) is currently -0.0481. The TSI determines overbought/oversold levels and/or current trend. I solely use this as an indicator of trend as overbought and oversold levels vary. The TSI is double smoothed in its calculation and is a great indicator of upward and downward movement. The current reading declares the stock is neutral and has been floating there for almost two weeks.
The negative vortex indicator (VI) is currently 1.1147. The VI determines current trend and direction. When the positive level is higher than 1 and higher than the negative indicator, the overall price action is moving upward. When the negative level is higher than 1 and higher than the positive indicator, the overall price action is moving downward. The current reading declares the stock is trending downward.
The stochastic oscillator K value is 50.5088 and D value is 39.3695. This is a cyclical oscillator that is highly accurate can be used to identify overbought/oversold levels as well as pending reversals. I personally use anything above 80 as overbought and below 20 as oversold. When the K value is higher than the D value, the stock is trending up. When the D value is higher that the K value the stock is trending down. The current reading declares the stock has been trending up but is currently neutral on direction which will not last long.
Considering the moving average crossover, RSI, TSI, VI and stochastic levels, the overall near-term stock direction appears to be indiscernible. Based on historical movement compared to current levels and the current position, the stock could drop 1.5% over the next two weeks. The minimum drop the last five times this MA crossover occurred was around 2%.
Just for LOL's ;-)A trader has two choices in general:
a) leaning and get something out of others knowledge, or
b) leaning on his one ego and...learn later, in another live, maybe? ;-)
Love you all TradingViewers and thanks for your good vibes.
Peace!
$QCOM Fails To Breakout, This Is What It Means To InvestorsOn Monday, shares of QUALCOMM, Inc. (NASDAQ:QCOM) opened above a major breakout level of $58.75. However, by the time the stock market closed, price was back below, failing to hold the breakout. This is a major level for QUALCOMM as it is the pivot between a major move up to $63 or a collapse down to $52.50. Investors should read it super simply. As long as QUALCOMM, Inc. stays below the breakout trend line of $58.75, be negative on the stock and do not be surprised if it falls back to $52.50. If however, QUALCOMM closes any day above $58.75, jump on board for an easy ride to $63.00.
Qualcomm LongNice reaction off of a monthly breaker, market structure has shifted to the upside. Now we have returned to a bullish order block.
QCOM long term buy, collect 3.8% div and wait for NXPI benefitsHaven't checked options. Like the stock and Div at these levels. Expecting NXPI deal to close and huge benefits to accrue to QCOM later this year.
QCOMLooking for $62 area to fill gap...A Double zigzag is completed and wave ((c)) of Y was ending diagonal ... so need to rally monitor this week or nest week
if it happened once? This looks like the same set-up from the past.. Now can we replay this in the future? Nobody knows but if we have a plan we can mitigate risk. Put your stop just below 52.36 and see if this can retest back to 63.
QCOM LongQCOM entrance at $53.4 with a stop at $51.80 and target of $62.81 provides a reward:risk ratio of 5.88 or 17.6% ROI. The large gap down provides a great opportunity since price almost always goes back to close the gap.
QCOM see much rewards over risk QCOM suffered a large sell-off due the lawsuit with AAPL. As we could see, even the sell-off is filling the gap of previous jump-up. Strong support around 51.17. With the upcoming earning, I would say its rewards would be great if considering the relative risk.
Qualcomm: BUY BUY BUY!Hi traders,
We can see that Qualcomm has opened the week with a drop of about 15%. Now would be a good time to buy. The red line is the expected price movement.
Cheers
Buyout of Soul And Vibe, Inc (SOUL)There are rumors among major shareholders that Soul And Vibe (SOUL) is interested in selling. I think a deal may already be in the works.
Only Short QUALCOMM, Inc. If It Breaks This Line, Target $56This trade is simple. When the stock price of QUALCOMM, Inc. (NASDAQ:QCOM) breaks below the trend line sloping up (seen in the stock chart below), short it. QUALCOMM will head to the $56 level target gap fill. Classic stock chart setup here for experienced investors and traders. Simple and clean, trades like this are great.
Buy Signal for QualComm - Marketbreadth is greenMoneyHour$-Breather signals a Buy for QCOM - always use a Stop Loss with 8% and wait for Sell signal of my Breather
My Market Breadth calculation shows a positive (green) environment
QUALCOMM with bullish Flag Qualcomm is caught in its longtermdowntrend. Now the stock has reached an important resistance Level at round about 53$. Here is based the midterm downtrends upper edge and the important SMA 200.
In march, Qualcomm tried to beat this Level - a consolidation followed and stopped near the fibo 38,2.
From then on, a bullish flag appeared.
Now 2 different Szenarios can be traded:
- Short again, hoping that the resistance would hold again. With this opinion, an entry at the actual Level could be intzeresting. Stopp should be installed a tick above the sma 200. The TPs of this short coan be: 49,7 (flags bottom edge) / 49 (38,2 fibo) / 47,75 (0,5 fibo) / 44,4 longterm uptrends bottom edge) / 42,2 (last significant low) / 36 (worst case - midterm downtrends bottom edge)
- Breakout Chance : Long entry above the sma 200 with TP 58/59$.
i have illustrated the different views in the chart
QCOM - trade updateWe went long QCOM on the blue arrow price level (51) after breaking and closing above the short term descending trend line with an initial target of the longer term descending trend line. After prices jumped through the longer term trend line my initial next target is 65.70
