Have not played MU or SMH traditionally, but it's been one of the steadier semi's going into late January, and has not been affected by NVDA's weak guidance update. Has been working through an ascending channel, and now appears to be breaking out of a bull flag, supported by a demand zone. Targets have been mapped, but expecting 40+, settling down once it reaches...
reminder of the dif silicon being used and by who short list
Once it's breaks the falling wedge , enter with tight stop loss little below falling wedge .
For a brief overview and risk see: drive.google.com Micron has been a solid value play for the majority of the 2017 tech run and I think it's worth looking at the current standing and valuation as of current, should you choose to stay long tech into 2019. Micron had a $2.5 EPS just 90 days ago with a PE of just over 8. MU reported FQ4 guidance Rev/EPS @...
BTCUSD turns off uptrend (i hope only for a while). We see that last upwave looks like corrective one (triangle or other pattern is forming - in case of candles with shadows or priceline or candles close/open points), but after succesful attack on 10000USD may be viewed as impulsive wave 1, so nothing is lost. If You play only longs on this pair, You should not...
TXN starting on a potential CD leg with a price objective of $86.50 which could stretch to $83 given the congestion zone between Mar to Jul.
After adding on @ 333 next addon positions are @315, 300, 278. Correction should be over by then if it even goes so far. Long term i stay bullish so i am just adding on now an then to take some profits home on small portions of my total position.
Technically weak as volume is getting dried up. Sellers are gaining momentum. $142 is the target. I will be looking to short on Monday on every pop.
The rule of gaps is that they get filled almost 93% of the time. Plus with all the geopolitical issues and it's over valuation I believe there's going to be big drop in this stock in the coming days.
macd and stoic crossed/wait for good 21 minute candle to enter/stop loss close in cloud/cci and percent r upper range/money flow good/rsi strong/adx trending/diversify with longs and shorts/weekly cloud 2,80 area
pvt and money flow strong always diversify between candidates and industry get our book on amazon for examples 40 yrs experience cci and per r upper range stoc crossed mad about to strong group
On a daily chart: It is above 5 MA and 20 MA, it is above the William´s % R, above the CCI , the daily candlestick is positive, it has an increasing volume , it is a growth industry (semiconductors), it is above the cloud, above the 50 and 20 MA, it is above the 8 EMA , the RSI that I set to 2 is above the 80 level, the MACD crossed and the PVT is positive....
This simple algorithm uses Exponential Moving Averages of the S&P 500's Relative Strength Index to trigger buy/sell and short/cover signals on a daily chart. I've backtested the algorithm for SPY (1994-present), SPX (1981-present), SPX500 (1971-present), and it beats the S&P 500 in every occasion. The algorithm cannot correctly time every single crash or...