Buy Qualcomm | NASDAQ QCOM | Naranj Capital

 BUY   Qualcomm (NASDAQ: QCOM)

Qualcomm (NASDAQ: QCOM) STOCK RECOMMENDATION

IdeaBUY
Buy Range168 – 171
Target179 – 181
StopLoss*below 163
Duration14-15 Trading Days
Potential Returns5% – 6%
IdeaBuy RangeTargetStopLoss*DurationPotential Returns
BUY168 – 171179 – 181below 16314-15 Trading Days5% – 6%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

Qualcomm (NASDAQ: QCOM) STOCK OVERVIEW

Qualcomm Incorporated specializes in wireless technologies, including 3G, 4G, and 5G connectivity. They also focus on high-performance and low-power computing, particularly in on-device artificial intelligence. The company operates through three segments: Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL), and Qualcomm Strategic Initiatives. QCT develops integrated circuits and software for 3G/4G/5G technologies, as well as other advancements like radio frequency front-end, advanced driver assistance systems, and Internet of Things solutions. QTL offers licenses and grants rights to their valuable intellectual property for wireless product manufacturing and sales.

Stock Data
TADAWUL Code QCOM
Sectoral Index Technology
52 Weeks High 177.59
52 Weeks Low 101.47

Qualcomm (NASDAQ: QCOM) RELATIVE STRENGTH

QUALCOM-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Qualcomm —     NASDAQ 100 —

Qualcomm (NASDAQ: QCOM) DAILY TECHNICAL ANALYSIS

QUALCOM-DAILY TECHNICAL ANALYSIS
Qualcomm - Technical Analysis (Daily)
  • After the breakout of the Rounding Bottom pattern, price has given a huge upside rally.
  • A bullish Pole & Flag pattern also has been formed at the daily chart.
  • With a fresh breakout, price is trying to continue its uptrend.

Qualcomm (NASDAQ: QCOM) MA CROSS

QUALCOM-MA CROSS
Qualcomm - MA Cross
  • The short length moving average (10 SMA) is about to cross the long length moving average (20 SMA) from the below, generates bullish signal. Last dayโ€™s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Qualcomm (NASDAQ: QCOM) ADX & DI

QUALCOM-ADX & DI
Qualcomm - ADX & DI
  • Increasing ADX value above 20, indicated the strength of the trend, thereby uptrending ADX confirms the bullish or bearish supportive decisions. Along with the rising ADX, and the +DI is above (or crossing) -DI, indicates the long trades should be favoured.

Qualcomm (NASDAQ: QCOM) STOCK PRICE FORECAST

Based on our USA stock trading advisory services, Qualcomm stock price target will be USD 179 – USD 181 in the next 14-15 trading sessions.

Qualcomm (NASDAQ: QCOM) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)ย  Itโ€™s advisable to enter/exit in the recommended range.
2)ย  Strictly follow the StopLoss as mentioned. Honour it.
3) ย Use trailing StopLoss to retain profits.
4)ย  Diversify trading capital into our other trading recommendations.
5)ย  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance ofย Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as aย Certified Financial Technician (CFTe)ย by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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