Both TECS and SOXS have descending triangles at present. I've decided to take advantage but please have tight stops and be aware of false breakouts (which have admittedly been happening a lot lately).
Not an original idea, I borrowed it from here twitter.com But the targets setup for a short are hugely favourable right now. I wonder how crazy it can get, I don't believe it can hit the second circle but I do believe it will hit the wedge resistance again this week.
👨💻 AMD has been making advances in technology, earnings, and pure bullish price action on the whole. Despite some consolidation recently and the chance of more consolidation in the near-term, we still see upside potential for this titan of chips. Support. The S1 bullish S/R flip is a key support level for the bulls. Although rejection at this level could lead...
$KLAC broke out yesterday. It is cleared both buying point and the pivot resistance. It broke RSI downtrend line too. I would expect higher volume though. Watch for upper trendline resistance. 12 months Consensus Price Target: $180.82 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own...
It confirmed the buy point of cup w handle. RSI broke the resistance as well and the volume is well above the average. If you like my charts, please leave me "like" and make "comments" thx
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It just broke out the trendline but RSI remain below the resistance. The volume is below the average. It may pull back test $160.67
There are long periods of positive correlation between average bitcoin hashingrate in gigahashes/second and performance of major semiconductor ETFs like SOXX and SMH As hashing and computing power in general shows massive increases in demand there are only a few companies that have the materials and knowledge to produce 'rocks that think' aka processors and other...
Look to the severe break in the northern bollinger band as an indicator to signal you to take your profit in AMD 'Bout to break down hard from the resistance of broadening wedge
SOXX is on the verge of a major breakdown, much like the one that lead to the melt down in Q4 of last year (followed by a ~20% drop after the trend break). However, we are not there yet because we are resting on support. The main, long term pattern we are looking at is a bearish rising wedge. Within the wedge we also have a symmetrical triangle which was entered...
AMD looks to be double topping on the weekly chart with some clear weekly bearish divergence on both the volume and on the RSI. We can see price has been rising on declining volume, and the relative strength of this latest push up is failing to break 70 on the RSI on a weekly basis. Potentially might see this one pull back to the 50 week MA around $26, or perhaps...
Reported by Reuters White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China's Huawei Technologies Co Ltd , two sources briefed on the meeting said on Friday (July 20th). Treasury Secretary Steven Mnuchin will also attend the White House event, to which...
AMAT is on an serious uptrend to reach 70 in the next year. See all details on graph.
There is weakness in the semiconductor market, $NVDA has recently been underperforming peers, ASX:ASX , NASDAQ:INTC , NASDAQ:ATOM . The mayority of ratios are not good either, P/S, P/E, EV/EBITDA are way over Industry Average. Weak cryptocurrency demand of chips Suspension of test drives for driverless vehicles Uncertain macroeconomic environment...
The text is on the chart, AMD Short setup $32 to ~$29ish, ~$33 stoploss and reevaluating. I'll still be watching to get back in around 33-34$, and I'm dead wrong if this thing hits $35 which I find unlikely. Whole play should take about 1-2 weeks max.
Side note, The magnitude of the bounce the US economy has had since the bottom in DEcember has been insane and unprecidented. I've never seen a bottom not get tested and just fly up vertically. Especially with poor GDP estimates and economic outlook data. I was pretty heavily short back in Feb, so that hurt a bit, but all you can do is learn from your mistakes...
ATH is 114. I'm not expecting us to go there. AMD had it's run up already, SPX is looking slow (and like a Head and shoulder on the weekly). I'm better as a bearish trader which sucks in the kind of rally we've had from the bottom, but I've adapted by being more patient and precise with my entries and stop losses. Short entry 112.70 Stoploss 113.15 Take...