Fake breakdown of a trendline from 2012, largest capitulation volume selling in Oct. Everything just looks extremely bullish for semis longterm to me.
technology has led the market down. semiconductors have led technology. this stock has exhibited particular rate of change and other bullish volume based oscillations. bil williams ma, vwma, ema, trama as well as displaced ma are also bullish along trend lines. this leads me to a swing vased strat for continuation following the concordant supports, resistances and...
This was an idea I did more than a week ago about Micron Technology . So far so good. I think after that textbook double bottom we are in for testing the high and see whether it will act as a resistance or are we going for the 60-70$ level. The fundamentals look okay, the company is heavily investing in R&D, so the outlook for 2023 is bright. I would love to...
VOLUME FLOW INDEX: Both $SPY (broader market) and $SMH (semi-conductor industry) are currently in a neutral trend as measured by their 13 Day EMA envelope (top box). Both are also residing in similar places within their longer term downward trends. It is only when we take a look at volume as measured by the Volume Flow Index (VFI) that we can uncover some...
I bought back MI to trade for a positive CPI data ahead. How to view the guidance via chart ( Refer back to pin message guidance if to trade ) Red Line = Support Blue Line = Resistance Light Blue = bullish/bearish pattern Arrow = Double/Trip top/bottom Red Chip = $$ Green Chip = XX
NASDAQ:ON was in a strong correlation with SP:SPX in the last years. To be accurate, the correlation was so strong between 2002 to 2021. However, since the beginning of this year, this correlation is not working anymore. In this bear market, the company has been providing price support and testing new high levels. From a fundamental point of view, US needs to...
Taiwan Semiconductor Manufacturing Company Limited manufactures, packages, tests, and sells integrated circuits and other semiconductor devices in Taiwan, China, Europe, the Middle East, Africa, Japan, the United States, and internationally. It provides complementary metal oxide silicon wafer fabrication processes to manufacture logic, mixed-signal, radio...
BE SEMICONDUCTOR INDUSTRIES - 30d expiry - We look to Buy a break of 53.22 (stop at 49.98) Prices have reacted from 38.46. Short term bias has turned positive. Short term momentum is bullish. 53.02 has been pivotal. A break of bespoke resistance at 53.00, and the move higher is already underway. Our outlook is bullish. Our profit targets will be 60.84 and...
ON Semiconductor Corporation ( NASDAQ:ON ) Sector: Electronic Technology (Semiconductors) Market Capitalization: 29.235B Current Price: $67.48 Breakout price: $68.50 Buy Zone (Top/Bottom Range): $66.65-$59.00 Price Target: $86.90-$88.50 (2nd) Estimated Duration to Target: 84-90d Contract of Interest: $ON 1/20/23 70c Trade price as of publish date: $6.30/contract
Intel is sticking its head above the demand zone! Stay vigilant
VanEck Semiconductor ETF ( NASDAQ:SMH ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $ -- Current Price: $173.15 Breakdown price (hold below): $173.40 Sell Zone (Top/Bottom Range): $185.00-$211.50 Price Target: $139.80-$134.50 (2nd) Estimated Duration to Target: 60-64d (2nd) Contract of Interest: $SMH 12/16/22 165p Trade price...
NVDA (Nvidia) stock price may have reached temporary resistance below $191. Potential bearish momentum is forming on the MACD indicator as well (4-hour time frame) Nvidia reports earnings on 08/24/22 post-market. Resistance price targets: $191, $194, $200. Support price targets: $185, $183, $180.
In regards to comparing net income to market cap between the big semi-conductor teams, MU looks the best. TSM is awesome but if there's a war with China I don't want to deal with blockades while US semi-stocks sour out the sky after we subsidize when we lose Taiwan. Test 70 resistance Probably purchase 50-55 c calls deep in the money and sell 70-80 c calls and...
Given a heads up from a friend some time ago, SOXL was closely tracked and position taken at 14.80 (white arrow). There was immaculate synchrony on the weekly and daily charts, as it fell in a falling wedge. The weekly technical indicators turned as the weekly candlestick hinted of a possible trend change. The daily technical indicators similar in sync and a...
Arguments pro a bullish scenario in $SOX / $SOXL: We have reached the 78.6 % fib retracement in SOXL According to the seasonal chart from the last ten years (see the SEASONAX screenshot at the top), in 9 of 10 cases the $SOX had made a bullish move from the 17th of May until the 8th of June At some point, the semiconductor shortage must affect the...
It's time to look for a longer term position here. Developing.... Good risk-reward in this area.
SOXL tracks the performance of the thirty largest U.S. listed semiconductor companies. The semiconductor space is still hot, but the companies in the leveraged Direxion Daily Semiconductor Bull 3X Shares (SOXL) didn`t performed well against the inflation and raising interest rates recently. I think SOXL is now close to the strong support of $21, pre-pandemic...
VanEck Semiconductor ETF ( NASDAQ:SMH ) Sector: Miscellaneous (Investment Trusts/Mutual Funds) Market Capitalization: $ -- Current Price: $234.73 Breakdown price (hold below): $237.35 Sell Zone (Top/Bottom Range): $241.85-$261.90 Price Target: $206.40-$204.00 Estimated Duration to Target: 67-72d Contract of Interest: $SMH 6/17/22 200p Trade price as of...