✅ RESULTS REVEALED: Did Hit QCOM & ARM Our Targets?

Dave Barnhart reviews his trade setups for QCOM and ARM on February 5, 2026. QCOM dropped below $130 for a loss, then rallied above $134.50 for a $3 gain. ARM held key technical levels and broke above its bullish target, signaling potential upside to $115-$121.
Chapters
Good afternoon, traders. It's Thursday, February 5th at 3:16 PM. Let's review our trade setups for today. We had Qualcomm and we had ARM. So, uh, Qualcomm, let's see, we were bullish above $134.50, bearish below $130. So we had mapped this out right here, and so the bearish below $130 kind of triggered— I don't know if anybody would have got in, but for the way that I'm doing the record keeping, you know, If it breaks below and doesn't hit the target, then I count it as a stop out. So we actually just sat here right at the 130 level. Boom, little liquidity sweep with some volume. You see that? And then it started moving up. So I'm going to count that in my spreadsheet as a loss, but bullish above 134.50. We've got this right here, this S4. So 134.50, and then we shot up, pulled back to the 50 simple, and started moving up. So I had targets up to 136.25, 137. $150 and $139.58, which was this one up here. So we came up and remember I keep saying if we get tangled in the peanut butter and jelly, that's a 200 exponential, 200 simple. Test, test, test again, trying to push forward and it's kind of fizzling out. So anyway, that's a $3, $3 trade on Qualcomm there. Let's go ahead and look at ARM. So the arm, uh, it died actually. It was brutal. It was down quite a bit. You can see this, boom, it was down here and then trying to recover. So it did recover quite a bit during the day, and you can see the overlay of the prints, right? We've got, uh, bullish above 98, bearish below 94.99. So the 94.99 never occurred. But the 98 did. So we pre-market, we came up, tested a print in this, this cam. That's what these green and red lines are. They're the person's pivots and the camera pivot boss. So anyway, come up, tag a print, came back. Now this is signature sweeping down, increasing volume, breaking a print. And look at here, right at the open, down to tag the 50, shot back up. This next one opened Came down, tested these prints, and closed above, right? And so what you can do is when you see this closing right on the print— so this came down and swept through 1.2 million in shares here. So when this holds like this, we start breaking above, that's a good entry point. Even here, $102. So we're still bullish above $198, but this was another entry point had you missed that. And look how strong these pivots and CAMs are. Test, pullback, test, right? So that's why this is a little difficult when I'm calling this out pre-market, right? We've got our peanut butter and jelly and we've got all of this in the way. This was strong and we have the 4 and the 8 exponential moving average just running together. And see, this one pulls back to it, we get away, pulls back, this one comes back, tests it, tests the 4, tests the 4. And then we're just riding the 4 and the 8 exponential moving average all the way up. And so we're up here now testing these prints, another 1.4 million, 800K here from December, another 600K here from January, and almost at this 1 million from January 21st. So we're coming up. So what we need is these prints here to be support. And then maybe if we get above this 115, we'll get up to 121. So Yeah, this blew through all of my bullish above. I only mapped this out to 107.72, which was the R1, and, uh, yeah, I mapped it out to up, up here. And so you can see we struggled. We hit 1, 2, 3, 4, 5, 6, 7, and then it— and then on the 8th candle, it actually broke above that level. So anyway, even if you grab this Closer to the open. That's a really good run. No reason to get out of this at all. And even now, like, if it, if it closed below the— you can have a rule if it closed below the 4 or the 8, depending on where you got in, right? If you have an excellent entry, then you can tolerate some of these pullbacks for the larger trades. And when you've got lots of space, where's your target? The next print, right? These are all manipulated and you can see them. So there you have it. Those are the results of your 2 trade setups for today. So please like, share, subscribe, do all of that great stuff. Leave some comments in the comment section below, and we'll see you tomorrow with all new trade setups. Happy trading. Mobitick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.
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