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Gelium
Jun 29, 2021 5:17 PM

XLNX: Consolidation is broken upwards. Long

Description

Consolidation has been broken upwards with a minimum target of around 200. Semiconductor shortages may push prices up.

Trade active

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Added clarification to order levels.

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Profit 520%: CALL 165 @ 449.5$ Exp. 17.12.2021 Target 195.00

Trade closed: target reached

Comments
saltysaver
good idea here, agree with your profit and stop zones.. also playing the xlnx arbitrage for amd. TBH this indecision at the retrace to the 20 day moving average is a bit off putting.
Gelium
@Chris.f.hedberg, AMD shares could go up well, too:



What is the advantage of arbitration?
saltysaver
@Gelium, both stocks next major catalyst is ER, and details on regulatory approval in china for the merger. with the merger ratio of 1.17234 shares of AMD for 1 XLNX that means Xilinx is trading at a ~15% discount to AMD
Gelium
@Chris.f.hedberg, Thanks for the explanation. :)
saltysaver
@Gelium, no problem!
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