SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 174.01-0.3%Nov 14 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Poet who wrote (65248)1/30/2000 9:46:00 AM
From: Ron McKinnon  Read Replies (3) of 152472
 
Poet QCOM price guess

the title of this thread may have some meaning again soon for the first time in a while

if I were to guess on QCOM

in a flat to up market next week, bounce off of 102ish; people love round numbers; look at 1/3 when it touched 200 for an instant and ran away
if fear goes away for a day or so then 110-120 (120 the 30 dma)is likely; but I'd expect at least one more downdraft
a 100 to 140 range may well be in the cards also if the overall market gets back on track
if you use bollinger bands with a "normal" 20 day period you get:
top 200 bottom 110
with 25 day; it's 100 and 180
going out to 30 days the support is high 80's
plus 100 is a 50% retrenchment; quite normal for a high flyer

in fading or bad market, 97-93 (hi 90's is the 90 dma)

in a selloff market (we have not really seen a true selloff yet; no panic selling; just a slight correction so far)
so if there is any kind of panic dumping
I'd target QCOM at 88 or so
that's the small congestion area from November
but 80 is very possible
that's the support from November

and worst case is 60; chart support and a 2/3's retrenchment
that was the breakout price late October and is the 200 dma

I am tossing out these prices on pure T/A
and chart eyeball
news or market conditions will change those in a heartbeat

I'm not a doomsayer
just trying to guess at the downside likely and/or worst case

if I were looking to buy on a leg in methodology I'd buy
1/6 at 102
1/3 at 92
1/2 at 82
then in a panic dump I would back up the truck at 62

for all of you in this one I hope none of my orders ever fill and every quess above turns out to be 110% wrong
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News