MichaelGLamothe
Long

TSEM looking interesting off the 50dma

NASDAQ:TSEM   TOWER SEMICONDUCTOR LTD
12 0 0
After gapping higher on earnings, TSEM             has consolidated sideways over the past month and a half. It has approached the 50dma and has so far found support at it. Support can also be seen around 14.77. This level has been successfully tested 3 times so far.

See if both 14.77 can hold as well as the 50dma. If it can and TSEM             can move back above its short term moving averages (5ema, 10ema) and close above them, it will trigger long for me.

TSEM             is part of the semi-conductor industry group which continues to be hot right now. See SMH             .
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