Expectation is bullish until end of May, then bearish in June to complete corrective wave. Some confluence here using Elliot Wave, Harmonic Patterns, and Gann: Primary EWT count gives recent completion of corrective A, next stop B. The details of this primary count are below: - Impulse began 9/24/2012 (not shown) at 31.17 - Wave 1 completed 3/12/2018 (not shown)...
Drew this out from 1990 lows and it is looking like if it breaks that price point we are looking out for new lows.
We likely see the cross before the week ends. This not a smart long idea.
NVDA 30M I Watching NVDA for a possible relief bounce near $230, after selling more than 30% from ATH. A break below this level and it could see $220 next. CRWD 1H I Significant bullish activity was picked up on CRWD betting on a bounce to $170 this week. Watching for a break above $165 or pre-market high. ABNB 2H I ABNB is trading within a wedge pattern on the...
Maybe the easiest name to play this week. I'm still salty I sold my 680c we bought for $5 for a measly $11. It ultimately went to $54. A daily close over that ATH and we see 740 and 765 into earnings. Using 714 as local support to short if it can't get over ATH as it ran out of juice Friday after a 50 point day. One of my favorites and looking at LRCX $1000...
Alpha Traders members banked hard on LRCX for the last 2 months. Can it continue? A rest day is in order, but if through 707 ATH aren't far away. If it can work through the overhead supply it may be a 1000 name in 2022.
LRCX is your next chip rip. Creating huge demand and should dip back to 600 before continuing its trip. Over 627.76 has a big day to 640.47 ahead of it soon. Over that $660 area. Ultimate target is $717. Yes you can quote me. December 31 target for that number.
NVDA money to QCOM, LRCX, AMAT seems to be the trend here. LRCX is primed fora move to 717 in the next 30 days. We are layered long. It won't be straight up, but it will be such a fun ride.
There are two specific wolfe wave setups on the 78 min (AH+ON) and Daily time-frames. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green and blue perforated lines, as shown in the chart. The projected targets for the 78 min and daily setups are 378 and 605,respectively.
Ascending triangle pattern just touched the support trendline. Good entry point
Looking at $SOXL we can see a daily close above $41.85 can usher in $43.39 this week. Would be a monster trade for $LRCX going into earnings if $SOXL is moving like it can. Possible to see $LRCX at $700 by earnings date.
log chart looks beautiful look this company is so underlooked its crazy. similar chart to nvidia on the log but way cheaper premiums. positions: 740/760, 780/800 lotto september (very cheap), great reward.
AMD looking good long. I'd start a long position if you don't have one already. Already own 95C March 19, 100C April, 125C June. I have a lot of belief in the semi's to explode soon and I'm frequently averaging down and waiting for AMD to explode into triple digits and stay above for good.
Technical Analysis We have formed an ascending triangle (purple lines). If we make a measured move from the breakout, it takes us up to $275 target approximately. 21ema has been working very well as a trend following system. OBV has been supportive of the trend. Fundamental Analysis / News 1. Ongoing reports talking about demand for semiconductors outpacing...
LRCX looks to have exhausted the upside. The analogue is similar to price action in the past. If so its a good short here.
TXN, and AMD report earnings after close on Tuesday. LRCX reports after close on Wednesday. There is a 9 point move priced in for TXN. If these can report a positive earnings they can help push semi stocks higher. You can play NVDA KLAC, or AMAT, as a sympathy move to avoid paying a high premium. Lotto Trade Idea: AMAT 108C BID/ASK 1.36/1.45 If you're...
This week I've been watching my scans for signals that fit my strategy. I have not yet seen potential trades that fit my strategy; bullish nor bearish. Today I got two signals that fit my criteria on NYSE:PM and NASDAQ:LRCX ; shorts. PM is looking to hold a 50% level. LRCX is setting up a potential double top. I'm not yet sure of the market sentiment...