*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...
Added another quarter position as we cleared and held above last week's high and as the broad market continues to follow through, bringing my average price up to $246.99. SPY and QQQ both had another good follow-through day today off of Friday's pullback lows. Neither is in the clear, however. They're also both facing up against key moving averages; SPY...
i dont anticipate the trade in semiconductors to slow down, and i think graphics cards are a safe bet to deliver value over time. nvda is expediencing somewhat of a turn around while the nasdaq lets up pressure. nvda should benefit from risk asset inflows.
Would like a pullback into the 50-day line to get long ACLS. Just had a beat and raise report and has ran up on huge volume since. The growth estimates are very good and the company operates in what may be the best area of the market, semiconductors.
The stock went down hard on the general market decline. After that, reversal formations began to form. I expect growth from the current 30%. Fundamentally, the stock is strong. ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some...
#SMH is seeing increased bullish volume ( blueish nodes ) compared to bearish volume ( orange nodes ) on the volume profile sitting on a great spot ontop of a volume shelf with plenty of room to push to the top side if we can keep this trend so far don't dive into plays in current market ease into them to manage your risk as best as possible
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...
EURONEXT:STM Might be a potential swing here. Currently trading at 4x its ATR and 4x its relative volume in the past 30min. Chart looks promising for bulls IMO. Support is the 200 MA on the daily so stop loss is TIGHT right now but the upside would be 52 if $46 is broken and held. I would look to NVDA and AMD though to see how the market is going to react to...
watching how long this is going to continue higher. looking for another short entry
Our view is negative until $147.14 pivot breaks to the upside. The RSI is below it's neutral area of 50. The MACD is below its signal line and negative. Furthermore, price is below the 20, 50 and 100 day moving averages.
Since our target prices were hit to the downside, we adjusted our pivot and support/resistance levels. Our view is negative until the $134.30 pivot is broken
When looking at a weekly chart, it is easier to see if an asset is in a bullish or bearish trend. Taking a look a the SOXX, we see we are at a potential place for a bounce. I chose the 52 exponential-moving average because there are 52 weeks in a year, and it has worked very well in the past. A close on a weekly basis below this level is the signal to get out....
Broadcom steadily advanced since the beginning of the fourth quarter, and now it’s had a dramatic pullback as sellers shred the Nasdaq. The first pattern on today’s chart is the level around $544. It was a low on November 26 and again on December 2. Traders may look for it to provide support again. Next, AVGO is oversold by at least two measures. Stochastics...
$TSM 1D Above $145, we can see continuation to $149-150 to complete wave 3.
TSM is the most significant and more relevant chip manufacturer in the world. Probably you have one of these chips in the computer you are using right now or maybe in your car. With all that said, let's take a look at the most important levels on the current chart. * Yesterday (13/01/2021), TSM made a new all-time high (ATH) after 307 days of corrections inside a...
$NVDA 1D Aligned with $AMD and $AAPL charts. Want one last leg lower to complete the corrective cycle.
$AMD 1D Same view as Apple, looking for a potential reversal and 5 waves down to complete the corrective cycle in the low $120s.
Hi everyone, Today we will talk about NASDAQ:QCOM , a semicunductor manufacturing company. As we saw almost all tech stocks selling off from late November through to 2022, NASDAQ:QCOM managed to stay up there quite nicely. The question to ask now: Is it lagging? Will [ symbol="NASDAQ:QCOM"]NASDAQ:QCOM follow broad tech market and proceed to a major...