TradingView
dpuleo19
Nov 20, 2023 12:59 PM

Semis for the comeback Long

MACOM Technology Solutions Holdings, Inc.NASDAQ

Description

The semiconductors ETF NASDAQ:SMH is already making new highs, NASDAQ:NVDA is looking great again and NASDAQ:AMD is near a pivot buy

But I'm looking at these two stocks, NYSE:ONTO and NASDAQ:MTSI, both are making a double bottom pattern and haven't breakout yet

The thing is that NYSE:ONTO has been outperforming NASDAQ:MTSI since 2021, so depending on what happens this week I'd be more or less aggressive with ONTO.
More