AXTI: take this chanceAXTI: take this chance
-Quasimodo pattern.
-Demand zone supports.
-Key level support.
-Less supply at the bottom.
AXTI trade ideas
AXTI saw a massive pump this past week REVERSAL SHORTAXTI a penny stock in the semi-conductor supply chain business saw a great price gain this past
week going more than 65% The call options ran 2000% on Friday along. On the 15 minute chart,
I see signs it is in high overbought territory and setup for a reversal. Price fell below the longer
of the two paired Hull Moving Averages which death crossed. The price volume trend indicator
put in a massive bullish trend and then went flatline while the mass index indicator triggered
a reversal. I have closed my call options and opened put contracts costing $130 each. I have
considered that they could do 2000% a few days just as the call options did on Friday.
Fundamentally, I beleive that semi-conductors have a down week ahead, see the idea uploaed
for SOXS.
( If you wonder how i screened for and found AXTI like this idea and drop me a private
message)
Improved fundamentals here!🤑Hi there, Yurii Domaranskyi here.
Risk vs Reward = 1 to 14.28 ✨
It means if you risk here 100$ you may make 1428$ Not bad, huh?
Daily descending triangle on #AXTI $AXTI . Watch it closely Daily descending triangle on #AXTI $AXTI . Watch it closely for breakout .
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$AXT revenue in Q4 rose 47% year over year to $27 million!“2020 was a year of solid improvement for AXT, capped off by strong indium phosphide growth, particularly in 5G, in Q4, which is typically a seasonally down quarter,”
Revenue for the fourth quarter of 2020 was $27.0 million, compared with $25.5 million in the third quarter of 2020 and $18.4 million for the fourth quarter of 2019.
Gross margin was 34 percent of revenue for the fourth quarter of 2020, compared with 35 percent of revenue in the third quarter of 2020 and 21 percent for the fourth quarter of 2019.
Net income in the fourth quarter of 2020 was $2.1 million, or $0.05 per share, compared with net income of $1.0 million or $0.02 per share in the third quarter of 2020, and a net loss of $2.0 million or $0.05 per share for the fourth quarter of 2019.
three analysts upgraded their 12-month price targets for the stock. Analysts from Northland, B. Riley Securities, and BWS Financial set price targets of $15, $12, and $20, respectively.
finance.yahoo.com
www.fool.com
AXTIMACD is about to cross and the closed above the .23 fib after testining the .38 fib. Also the current price is right near the POC line which should make for a low risk entry. $11.69 first target.
$AXTI 5 Month #Rectangle #ChartPattern1) Massive volume yesterday and heavy volume so far today
2) day not over yet but probably closes above 5 month rectangle resistance (blue line on chart)
3) Also breaking above weekly down trend line (red line on chart)
4) $6 price level tested 6 times
looks like a good long trade setting up. A bit volatile stock with wide moves. Size your shares appropriately.
AXTI - Nice looking chart that can continue upAXTI has built a good bottom and is looking like it can continue up. It is currently trading above both the 50 MA and 21 EMA on the daily chart. Support should be around 4.65 and resistance around 5.10-5.15. A good entry point would be either close to support or break of the resistance with a stop right under the support. Break of the MA would change my view of this chart.
axti shortIf more bad news come out of the trade wars news front and this wafer producer could see a nice pull back to a key support area. Could provide a nice short term short trade if earnings come out negative.
Alternate Telecom Play (Materials) w/ Cyclical Trade HistoryTelecom build out in 2nd half or 2018 has been confirmed by multiple companies to be primed and heavy. First report of year is seasonally week and reflected across sector. AXT is traditionally conservative with forward looking statements, so beats are regular and plausible. New factory is almost completed and 3D Sensing capability has already been confirmed for further exploration. Technical trade up to $9 PT coincides with resistance line after price has managed to sustain within fib levels during recent periods of volatility.
AXTI Potential head and shouldersHere you can see a clear left shoulder and head so we are just waiting tfor the right shoulder to be fully completed. Then, the market should be in downtrend. wait for confirmation.
semiconductor play strong group good pullback on weak dayhuge volume see our book on amazon on when to look for volume-all indicators look good-stop loss move of day start
