Based on the Technical Indicators , the stock is holding good levels and be invested in these level between 95 to 115 with a stoploss of 50.QC is leading manufacturer of 5G smart phone patents and chip makers and hold a commanding position in the chipset markets .Today PE of qualcomm stands as 11.74 X wheras industry PE is 28.X . Company seems to be undervalued at...
My level: 141.50
Why: Between 2 pivots, due for a retrace from the gap
Notes: Between 2 pivots, nice retrace from the move it’s making on the big gap. I’ll draw a fib in the morning and see where it’s at in relation to this nice pocket.
$QCOM - Long off $123.50 Why: Previous low and Annual pivot. I think its oversold; announced a $10B buyback yesterday. It's just an authorization for a buyback, have that in mind. Not like they are going to do it tomorrow
This swing idea was posted back when the stock triggered in mid-July. This is the first real pullback to get attractive prices on the longer-term swing setup. But it also may provide a great day trade if we can flush lower emotionally this week.
Will be looking for an emotional flush down towards the 130 area for the first shot at scooping some for a day trade....
$QCOM weekly breakout and retest.
on Daily QCOM have gap to fill to 160. Given SMH broke out to all time highs, if $QCOM can hold 144 level expecting to see 160 as 1st target.
Qualcomm has been in a sideways market for quite a long time. It will be interesting to watch if it is able to break above the key resistance or not in the coming sessions.
QUALCOMM Incorporated is engaged in the development and commercialization of a digital communication technology called code division multiple access (CDMA). The Company is engaged in the development and commercialization of the orthogonal frequency division multiple access (OFDMA) family of technologies, including long-term evolution (LTE), which is an Orthogonal...
