When the Price of Qualcomm QCOM Talks, People Listen
November 28, 2022, 18:30 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for QCOM
- Buy QCOM slightly over 115.17 target 129.76 stop loss @ 114.84 Details
The technical summary data tells us to buy QCOM near 115.17 with an upside target of 129.76. This data also tells us to set a stop loss @ 114.84 to protect against excessive loss in case the stock begins to move against the trade. 115.17 is the first level of support below 119.56 , and by rule, any test of support is a buy signal. In this case, support 115.17 is being tested, a buy signal would exist.
- Short QCOM slightly under 129.76, target 115.17, stop loss @ 130.13 Details
The technical summary data is suggesting a short of QCOM as it gets near 129.76 with a downside target of 115.17. We should have a stop loss in place at 130.13though. 129.76 is the first level of resistance above 119.56, and by rule, any test of resistance is a short signal. In this case, if resistance 129.76 is being tested, a short signal would exist.
Swing Trading Plans for QCOM
- Buy QCOM slightly over 121.15, target 127.16, Stop Loss @ 120.8 Details
If 121.15 begins to break higher, the technical summary data tells us to buy QCOM just slightly over 121.15, with an upside target of 127.16. The data also tells us to set a stop loss @ 120.8 in case the stock turns against the trade. 121.15 is the first level of resistance above 119.56, and by rule, any break above resistance is a buy signal. In this case, 121.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short QCOM slightly near 121.15, target 115.17, Stop Loss @ 121.5. Details
The technical summary data is suggesting a short of QCOM if it tests 121.15 with a downside target of 115.17. We should have a stop loss in place at 121.5 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 121.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for QCOM
- Buy QCOM slightly over 121.15, target 121.43, Stop Loss @ 120.87 Details
If 121.15 begins to break higher, the technical summary data tells us to buy QCOM just slightly over 121.15, with an upside target of 121.43. The data also tells us to set a stop loss @ 120.87 in case the stock turns against the trade. 121.15 is the first level of resistance above 119.56, and by rule, any break above resistance is a buy signal. In this case, 121.15, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short QCOM slightly near 121.15, target 115.17, Stop Loss @ 121.43. Details
The technical summary data is suggesting a short of QCOM if it tests 121.15 with a downside target of 115.17. We should have a stop loss in place at 121.43 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 121.15, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Real Time Updates are available on our Qualcomm (QCOM) Page here: QCOM.
QCOM Ratings for November 28:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Weak |
| P1 |
0 |
0 |
100.15 |
| P2 |
121.43 |
121.15 |
115.17 |
| P3 |
125.48 |
127.16 |
129.76 |
Support and Resistance Plot Chart for QCOM
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Qualcomm (NASDAQ: QCOM) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for QCOM can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for QCOM:
pool ads
