NASDAQ:CY
Wow what a dop. Had to zoom out to monthly time frame to help show the indicators better. A bit from the fundamental aspect: CY is a great company, but if Infineon deal does fall through, then expect more downside, probably to blue 200ema on the monthly or even lower. And if it loses that long time green diagonal support, its going to get even uglier. But as of now it found support right at golden ratio of .618 and 100 ema (monthly) so that looks promising. Don't be surprised to see it drop further to .786 area on the fib which would correspond with that green diagonal support line and 50ema. But that support has been tagged so many times, I doubt it will hold up. Time will tell as always. But this is a bigger picture outlook.
Wow what a dop. Had to zoom out to monthly time frame to help show the indicators better. A bit from the fundamental aspect: CY is a great company, but if Infineon deal does fall through, then expect more downside, probably to blue 200ema on the monthly or even lower. And if it loses that long time green diagonal support, its going to get even uglier. But as of now it found support right at golden ratio of .618 and 100 ema (monthly) so that looks promising. Don't be surprised to see it drop further to .786 area on the fib which would correspond with that green diagonal support line and 50ema. But that support has been tagged so many times, I doubt it will hold up. Time will tell as always. But this is a bigger picture outlook.
Moving averages are exponential. Indicator is by LazyBear called 8x MA with configurable lengths
Green: EMA 10
Skinny Red: EMA 20
Thicker Red: EMA 26
Orange: EMA 50
Light Blue: EMA 100
Dark Blue: EMA 200
Skinny Black: EMA 250
Skinny Purple: EMA 300
Bottom indicators are:
RSI (14, CLOSE)
Stoch RSI (3,3,14,25, CLOSE)
Stoch (5,3,3)
ADX and DI (14,20)