In my opinion, CY-Cypress Semiconductor-is breaking out to the upside.
From a technical standpoint, Here are the positives for-CY:
1. Currently multiple buy Fractals.
2. The top upper indicator is a 5/34 oscillator, and this is positive. Very strong.
3. The alligator is feeding in the uptrend. A very strong uptrend.
4. Prices are trading above the Ichimoku Cloud .
5. The Momentum indicator (lower top) is strong. The is the Awesome Oscillator-(AO). It has a zero-line crossover to the upside.
6. The Ichimoku Cloud is rising.
7. The 233 interval moving average trend line is rising (this is a Fibonacci number).
8. According to Bill Williams , you can establish an entry point, again and again, with each new valid Fractal .
9. The indicators under the chart (Chop, Chop Zone) have been green (up) for a long time. This is positive if you are long. But (important), when there is a draw-down, you can use this opportunity to establish your entry point, or, accumulate more in your position.
CY-has been in an extended base, and $16.10 is a likely breakout point.
Thing to look for: CY-just completed a potential negative AB=CD pattern. This was from late August to late September. Because-CY did not break down after this pattern, an upside breakout is more likely. Examine the indicators listed above carefully if-CY forms a negative three drive pattern. (This looks like the AB=CD, but it has an additional upside leg).
For now, CY-looks like a stock breaking out to the upside.
May all of your trades go well. Don.
From a technical standpoint, Here are the positives for-CY:
1. Currently multiple buy Fractals.
2. The top upper indicator is a 5/34 oscillator, and this is positive. Very strong.
3. The alligator is feeding in the uptrend. A very strong uptrend.
4. Prices are trading above the Ichimoku Cloud .
5. The Momentum indicator (lower top) is strong. The is the Awesome Oscillator-(AO). It has a zero-line crossover to the upside.
6. The Ichimoku Cloud is rising.
7. The 233 interval moving average trend line is rising (this is a Fibonacci number).
8. According to Bill Williams , you can establish an entry point, again and again, with each new valid Fractal .
9. The indicators under the chart (Chop, Chop Zone) have been green (up) for a long time. This is positive if you are long. But (important), when there is a draw-down, you can use this opportunity to establish your entry point, or, accumulate more in your position.
CY-has been in an extended base, and $16.10 is a likely breakout point.
Thing to look for: CY-just completed a potential negative AB=CD pattern. This was from late August to late September. Because-CY did not break down after this pattern, an upside breakout is more likely. Examine the indicators listed above carefully if-CY forms a negative three drive pattern. (This looks like the AB=CD, but it has an additional upside leg).
For now, CY-looks like a stock breaking out to the upside.
May all of your trades go well. Don.