Bullish option flow was detected in QCOM stock on January 5, 2022.
Bullish Option Flow
Make sure to review this lesson on option flow so that you understand the image above.
Bullish option flow was detected in Qualcomm with 72,089 calls trading, 5x expected, and implied vol increasing almost 2 points to 42.46%. 1/7 weekly $195 calls and 1/7 weekly $192.5 calls were the most active options, with total volume in those strikes near 19,400 contracts.
Qualcomm and Microsoft team on new chips for AR glasses, The Verge reports
On January 4, 2022, Qualcomm (QCOM) and Microsoft (MSFT) announced that they are teaming up to produce a “new, customized Snapdragon augmented reality chip, ” wrote The Verge’s Chaim Gartenberg. “We’re announcing that we’re developing a custom augmented reality Snapdragon chip for next-generation, power-efficient, very lightweight AR glasses for the Microsoft ecosystem,” said Qualcomm CEO Cristiano Amon, according to The Verge. Source: https://www.theverge.com/2022/1/4/22867172/qualcomm-microsoft-custom-chips-next-gen-ar-glasses-ces-2022
BitRipple, Qualcomm Technologies, and Verizon Work Together to Enable First Ever 8K HDR Smartphone Video Call Over 5G
On December 15, 2021, BitRipple Inc., a provider of Metaverse solutions that enable end-to-end delivery of data with ultra-low latency across all types of challenging network environments, today announced that its Liquid Networking technology was used to demonstrate the world’s first ever 8K HDR video call between new flagship Snapdragon® 8 Gen 1-powered reference smartphones.
“Snapdragon 8 delivers groundbreaking innovations in areas consumers care about most, such as camera, gaming, connectivity, and AI. We are proud to demonstrate the world’s first 8K HDR video call, which wouldn’t have been possible without the help of BitRipple’s Liquid Networking technology,” said Mike Roberts, Vice President of Product Marketing, Qualcomm Technologies, Inc. “BitRipple’s interactive, ultra-low latency capabilities for 8K HDR video enabled us to pull off this first of its kind demonstration of our collective technologies.”
The demonstration was done during Qualcomm President and CEO Cristiano Amon’s opening keynote of the Snapdragon Tech Summit on November 30, 2021 in Hawaii. The call took place between Amon in Hawaii and Verizon CTO Kyle Malady in New Jersey using Snapdragon 8-powered reference smartphones and BitRipple’s Liquid Networking technology over Verizon’s 5G network. You can watch a replay of the demo here.
“We were very excited to be included in this unique demonstration with Qualcomm Technologies and Verizon between the Big Island of Hawaii and New Jersey,” said Mike Luby, CEO of BitRipple. “This is yet another demonstration of the incredible capabilities of BitRipple’s technology to deliver the highest quality experiences over the most challenging network conditions in a low latency and reliable way.”
BitRipple’s Liquid Networking technology intelligently transforms data into the digital equivalent of a liquid, thus eliminating the delivery limitations inherent in all networks, especially when large data volumes need to be delivered with ultra-low latency. These characteristics make the technology particularly valuable to the Metaverse where real-time volumetric experiences are required, but not always possible with traditional networks. Liquid Networking is deployed at the application layer with very low CPU and bandwidth overhead.
Snapdragon is a trademark or registered trademark of Qualcomm Incorporated. Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.
📈 QCOM Stock Technical Analysis
Both the short term and long term trends are positive. This is a very positive sign. QCOM is an average performer in the Semiconductors & Semiconductor Equipment industry, it outperforms 59% of 106 stocks in the same industry. QCOM is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
There is a support zone ranging from 182.94 to 189.29. There is also a support zone ranging from 175.44 to 176.79. These support zones were formed by a combination of multiple trend lines in multiple time frames.
Although QCOM has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first. Click here to sign up for email alerts on when QCOM stock consolidates and is a good long entry.