Teradyne made a cup & handle, which continues to see strength.
Cup & Handle -- Measured Move
Making a measured move from the floor of the cup, to the resistance which was all time highs, we get a 18 points (12% aprox.) potential move.
Trade
Would follow the 5sma (green line) to take profits for 50% of my position, the other 50% if it takes the Resistance 1 level.
There are also other semiconductors making ATH, which is adding to the strength in the industry overall.
Cup & Handle -- Measured Move
Making a measured move from the floor of the cup, to the resistance which was all time highs, we get a 18 points (12% aprox.) potential move.
Trade
Would follow the 5sma (green line) to take profits for 50% of my position, the other 50% if it takes the Resistance 1 level.
There are also other semiconductors making ATH, which is adding to the strength in the industry overall.