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RizeSenpai
May 28, 2023 8:30 PM

NXPI Semiconductors: Bullish ABCD BAMM Projection Long

NXP Semiconductors N.V.NASDAQ

Description

NXPI is trading within a weekly consolidation structure that appears to be bottoming out and preparing to make at least an 0.886 retrace, and recently it has formed a Bull Flag and it has also confirmed Hidden Bullish Divergence on the Monthly with a MACD Bullish crossing.

Out of all the big chip suppliers, NXPI is one that has yet to make any crazy moves up and is still trading within a value area, but that likely wont last long as it catches up with the rest of the sector as it is an active supplier within the sector.
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