NVDA is 65% from its All Time Highs of 346.10. Granted that doesn't mean because it is so far down from the highs that it warrants a 'buy signal'; nevertheless, it is not a lager stock in my opinion. It's just being beaten down with the rest of the market in a unified order. After-all, it is the Futures Markets and Major Indexes that carry the stocks with it.
The...
Stock investments by US House Speaker Nancy Pelosi and her husband, venture capitalist Paul Pelosi, are again in the spotlight after shares of Nvidia (NASDAQ: NVDA) declined again after the pair reduced their interest in the semiconductor company.
Pelosi is the first female Speaker of the US House of Representatives and second in line to the presidency (after...
Semi-conductors/chip stocks took a big dip this week after more negative earnings reported.
I am watching this inverse head & Shoulder pattern for a reversal with huge upside potential.
Declining selling volume.
Near oversold RSI
High risk (manage risk) as we are at a major support level. If we lose this level, the weight could get really heavy back into the...
The chip sector has been riding high on assumed strong demand for chips around EV and common goods. I'm not a firm believer this sector will be as bullish and as 'in demand' going into the winter months as countries are starting to experience expansions of higher inflation, company layoffs, and tighter budgets by both companies and consumers. Eventually there will...
AMEX:SOXS
Semiconductors have been giving some cautious guidance suggesting a market downturn,
supply chain issues and the recession fears. Vehcicles are being shipped to dealers lacking
some "chips" ; in the meanwhile, the CHIP acts hopes to stabilize things.
SOXS a ETF shorting the semiconductor industry #X leverage as the inverse of SOXL
The 4H chart...
AMEX:SOXL
This chart strives to setup a trading plan where the SOXS and SOXL
are oscillated. They are 3X leveraged ETFs with great range.
SOXS was up 400% YTD at its peak. The new CHIPS
ACT is a catalyst for US semiconductor manufactures
Right now the ratio is on a downtrend, meaning Sell SOXS
or BUY SOXL or a combination of each.
I believe that this...
Summary
The semiconductor sector is expected to enter a difficult period with demand contraction due to recession and crypto winter. As the US government is increasing the effort to use semiconductors as a leverage to put pressure on China, companies in the sector might be forced to prioritize the national political agenda against profit and growth , which...
I still don't think it is over and it can get very bloody. There are a lot of companies affected by the still not perfect again working supply chain on one side and decreasing demand because of cost of living. This will affect the whole hardware and software industrie IMO, even cloud and advertisers (will happen later) and we can alright read that some...
We have a Textbook Confirmed Piercing Line Visible on the Weekly on the Taiwan Semiconductor Manufacturing Company I was made aware of this a few days ago but opted to wait for the earnings report before taking action. We got a positive report so I am now taking action and my Bullish Target for TSMC will be around $100-$110 to fill the Gap Visible on the Daily Timeframe.
$TSM Taiwan Semiconductor Manufacturing Company Ltd. completed a clear as day WYCKOFF distribution TOP.
Currently it is sitting on major support. Losing this $76 area would be bearish to $60 because there isn't much support below $76 to hold it up.
$TSM is GAP city (Gaps are marked in Red), big gap below Support and many gaps above.
So far, this stock has not...
I hope everyone had a great weekend.
AMD. Here is a quick review of a few possibilities and ideas.
I have been tracking this very large ascending channel (black line)
Last Friday, price broke down below the trendline, we can consider a quick retest on smaller time frames (not a strong retest) and price kept on moving lower.
One of my rules to trade breakouts /...
Despite market weakness, AMD has been holding and battling the psychological $100 level.
Also, I can see that a possible symmetrical triangle (a little wonky) black lines.
My plan into tomorrow is watching the direction of this move.
Upside scenario: Above $93.83 would long it targeting $96 and above that $100
Downside scenario: I would wait to see if price will...
It is showtime for AMD.
The so strong $100 psychological level.
Not only it offered many times a good support and bounce, other times it offered a strong rejection/resistance.
Now price is back at it.
All it needs is another strong day in the indices and we might see a push above it towards 106 / 110
This is the perfect example of Support becoming resistance.
Look at how many times price rejected off previous support now resistance, and every time it forms a new trendline which breaks and set new lows.
This could be a great opportunity to short it towards $80
Keep in mind AMD reports earnings this week ...
Nvidia and other tech stocks like AMD are losing steam. Currently it is outside of it's main channel and printing a head and shoulders pattern. I am expecting some kind of bounce in the DCA area, the trick is to buy s l o w l y so you don't get caught without liquidity.
It's been nothing but bad news for the stock market, and the next Nvidia offerings are a ways...
Last week it lost the $100 support level and has been selling since.
I wanted to see a retest of $100 as resistance and rejection, so we can try to ride it for another leg lower. I am only looking at this to the downside.
Targets: $85 , 73.50
