Qcom - Qualcomm, Inc.

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

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    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
     
    inthemoneystocks, Oct 3, 2017
    inthemoneystocks, Oct 3, 2017
    #1
    2. Oct 4, 2017
  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.
     
    JR Ewing, Oct 4, 2017
    JR Ewing, Oct 4, 2017
    #2
    3. Oct 8, 2017
  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?
     
    longtermbull, Oct 8, 2017
    longtermbull, Oct 8, 2017
    #3
    4. Oct 10, 2017
  4. gowiththeflow

    gowiththeflow Senior Investor

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    Starting to look a little stronger:-

    [​IMG]
     
    gowiththeflow, Oct 10, 2017
    gowiththeflow, Oct 10, 2017
    #4
    5. Oct 11, 2017
  5. longtermbull

    longtermbull Administrator Staff Member

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    Next resistance around $56 - interesting chart break out.
     
    longtermbull, Oct 11, 2017
    longtermbull, Oct 11, 2017
    #5
    6. Oct 30, 2017
  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.
     
    Chartman, Oct 30, 2017
    Chartman, Oct 30, 2017
    #6
    7. Oct 31, 2017
  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.
     
    longtermbull, Oct 31, 2017
    longtermbull, Oct 31, 2017
    #7
    8. Nov 3, 2017
  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?
     
    gowiththeflow, Nov 3, 2017
    gowiththeflow, Nov 3, 2017
    #8
    9. Nov 6, 2017
  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 :(
     
    Chartman, Nov 6, 2017
    Chartman, Nov 6, 2017
    #9
    10. Nov 7, 2017
  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?
     
    longtermbull, Nov 7, 2017
    longtermbull, Nov 7, 2017
    #10
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