IPHI breakout anticipationconsolidation under the 61.8 fib level, while holding daily EMAs, TTM squeeze getting ready to go
plus, there is options flow on december calls
IPHI
Inphi Corporation (IPHI) short.All description on the chart.
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Semiconductor *Trade Eyes*Weekly candlestick is ugly, but I am keeping an eye on this semiconductor name. As growth slows, I'd expect share price to pull back significantly. Capex Margin is attractive relative to its peers. Expecting first profitable fiscal year since 2016.
INPHI Corp $IPHIInphi's products are critical for moving large amounts of digital information quickly between and within data centers. technically rsi is still weak though and approaching to the resistances. It may form H§S or Double top.
IPHI - Short from current price to 30 area IPHI gapped up on earnings to a declining head & shoulder resistance and declined a bit from there. We think it will decline form here & may complete the H&S formation.
So we are looking for a short from current price to 36.13 or lower to 30.13
You can check our detailed analysis on IPHI in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 4:40"
Trade Status: Pending
