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Semiconductor

ON Semiconductor Corporation can provide further upside in 2023NASDAQ: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 secure more domestic capability for semiconductor production. So, this company can provide more upside in the next year based on this new developing trend.
NASDAQ:ONLong
by The_Quantastic
TSM | Oversold Semiconductor | LONGTaiwan 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 frequency, and embedded memory semiconductors. The company also offers customer support, account management, and engineering services, as well as manufactures masks. Its products are used in mobile devices, high performance computing, automotive electronics, and internet of things markets. The company was incorporated in 1987 and is headquartered in Hsinchu City, Taiwan.
NYSE:TSMLong
by DivergenceSeeker
BESI in a bull flag.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 63.84 Resistance: 53.00 / 55.40 / 59.00 Support: 50.00 / 47.30 / 45.60 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
EURONEXT:BESILong
by Saxo
SOXL - An interesting proposition TAKENGiven 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 break above the HULL moving average also coincided to a breakout of the wedge. Looking for a move to 32. A very good amount of space, over the next couple of weeks.
AMEX:SOXLLong
by Auguraltrader
8
Bottom in SOXL is in?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 prices ... Contra arguments: $DXY is rising / interest rates are going up ... anything else? I can't see any significant arguments standing against the bullish case in $SOXL. If you have anything - please drop a comment below!
AMEX:SOXLLong
by p4917
SOXL close to a strong supportSOXL 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 level, from which it can bounce to the $36 resistance. Looking forward to read your opinion about it.
AMEX:SOXLLong
by TopgOptions
1
AMD (Advanced Micro Devices) - Bullish Momentum at Support - 4HRAMD (Advanced Micro Devices) stock price has reached a Support zone above $100 for the fourth time this year. Bullish momentum is also building in the MACD indicator. Entry (long): $103.72 Take Profit +12% (exit): $116.24 Stop Loss -6% (exit): $97.43 Note: this chart setup could be overridden if the Nasdaq and major Tech Stocks pullback down this month. Essentially, support price needs to hold above $100 for AMD stock to potentially rally up. All content is Not financial advice. Trade at your own risk.
NASDAQ:AMDLong
by NoFomoCharts
1
NVDA triple bottom on the 1hrNVDA with a massive triple bottom on the 1hr , also the last time the MACD was this low and about to cross we jumped from 210ish to 270 in 7 days. Both RSI and Stoch are heavily oversold and are about to fly back to the upside. Assuming we are beginning to consolidate while using a fib ext we could see a bounce up to the 300 to 320 mark in the coming days, weeks, to say the least I am super bullish on NVDA right now. With ongoing semi conductor shortages clogging up the market I only see prices on things like gpus to rise, this will reflect very well on the balance sheet and will allow a lot more industry volume to funnel right into the hands of the giants like NVDA...
NASDAQ:NVDALong
by UnknownUnicorn18924538
SOXL bearish double top*disclaimer* I haven't published anything outside of the crypto markets publicly. However, I have had my eye on SOXL, Direxion Daily Semiconductor Bull 3X Shares ETF. I originally thought that earnings for NVIDIA were going to boost the asset and asset class, however it seemed to me the night before earnings that the earnings call was already priced in. Looking at an 8 hour hollow candle chart here going back to fall 2021 makes the picture a bit clearer for me (when in doubt zoom out). SOXL did a bearish double top between late November 2021 and early January 2022. And now volume is kicking up heavily on the sell side. Especially when current volume is compared to moving average for volume. If the NVIDIA earnings call wasn't enough to lift, and rumors about auto manufacturers continue to slip in through the cracks, I see plenty of downside correction left for SOXL. That being said, this is part technical and part "buy the rumor, sell the news" analysis and I will keep my eye on this sector which has been outperforming.
AMEX:SOXLShort
by CryptoSlayerFX
SOX PHLX Semiconductor Shortage won`t be solved anytime soon !!Secretary of Commerce Gina Raimondo: “The semiconductor situation is going to take a long time to fix” “This is one I feel confident saying it's not going to be fixed in a month or two, or six, or 12 months.” For now PHLX Semiconductor (^SOX) is oversold and we can see in the chart what was the price movement after the last oversold area. I expect to be the same now, since the semiconductor shortage won`t be solved anytime soon. My price target is 3730. Looking forward to read your opinion about it.
NASDAQ:SOXLong
by TopgOptions