Qcom - Qualcomm, Inc.

Discussion in 'Investment Charts' started by inthemoneystocks, Oct 3, 2017.

  1. inthemoneystocks

    inthemoneystocks Member

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    Shares of QUALCOMM, Inc. (NASDAQ:QCOM) are on the verge of a major breakout. There is an inverse head and shoulder pattern in play. Price is right up against the neck-line, the breakout point. If price can push over $52.30, it should engage, sending the stock close to $57.00. See the stock chart below.


    [​IMG]

    Gareth Soloway
    InTheMoneyStocks
     
  2. JR Ewing

    JR Ewing Super Moderator Staff Member

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    I certainly hope it breaks out. I bought 100 shares on a selloff at ~ $56 earlier in the year, and it's been a dog so far.
     
  3. longtermbull

    longtermbull Administrator Staff Member

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    Is the company about to beat Apple in the courts? Has some news leaked out?
     
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Starting to look a little stronger:-

    [​IMG]
     
  5. longtermbull

    longtermbull Administrator Staff Member

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    Next resistance around $56 - interesting chart break out.
     
  6. Chartman

    Chartman Senior Investor

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    At $54.57 it looks as though the long road to recovery may well be underway - one to watch.
     
  7. longtermbull

    longtermbull Administrator Staff Member

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    I think this fight with Apple is a little phoney - both companies need each other and rumour has it they will come to a deal. The major issue is not the chips themselves, which are the best around, but the royalties Apple has to pay to use QCOMs patented technology.
     
  8. gowiththeflow

    gowiththeflow Senior Investor

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    This stock is all over the place just now! Seems like nobody really knows what is going to happen in the short term?
     
  9. Chartman

    Chartman Senior Investor

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    As mentioned on another thread, there is buyout talk surrounding this one. Not sure whether there is too much upside especially with all of the uncertainty surrounding the company :(
     
  10. longtermbull

    longtermbull Administrator Staff Member

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    Seems like an opportunistic bid to me - taking advantage of a rough time for Qcom?
     

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