QCOM

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Meerain Baloch

Active trades: 10 - View

Past trades: 36 - View

Meerain has a degree in financial economics and has been trading US markets for over three years. He mostly looks for under/overvalued fundamentals in derivatives and stocks, but still showing an awareness for the technical aspects.

QCOM
Buy

I am going Long on Qualcomm. The earnings were nice and so did the deal with Apple which is one of it's largest customer. Its share has increased over 50 per cent nearly after a deal with Apple regarding the patent. So everything seems to be clear at the moment and the stock has a nice momentum going on and Apple will use its chips for more production and probably for 5G  by 2020. I will buy it around 86.50-87 and take profit around 88.50. while I will put a stop loss around 83.90

Won

86.50-87

88.85

83.50

Buy Limit

Buy