Verified Investing on $QCOM (Nov 5, 2026)
QCOM fell over 10% on earnings and is gapping lower; more downside is possible, but at roughly 133 down to 126-125 the speaker's swing-trade buy zone begins.
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Another stock getting absolutely annihilated on earnings is Qualcomm. Qualcomm down sharply over 10% I believe on earnings here. I have some old levels here. Let me just again drag these trend lines out because I think they are significant for us.
But nonetheless, you can see again old trend lines, but we are gapping lower sharply. For a day trade, I'm going to be eyeing this level right here around 145 to 143. So again, day trade wise, 145 to 143.
But look, you have a gap down, a gap fill right here. If I take a trend line and I put a trend line in right there, look at how that line goes at 133. And then if we zoom out, look at these major technical trend lines that converge.
In other words, yes, we absolutely can see some more downside on Qualcomm, but once it gets basically at 133, even down to 126, 125, this is my buy zone on a swing trade basis on QCOOM.
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