Another breakout and retest of range formed 2nd half of November. Now consolidating above and if it holds, could trade back to $52-55 range prior to big gap down of end October.
Bespoke Research firm says "Prior to the digital revolution that began in the 1990s, the Dow Transports were viewed as a “leading” indicator for the broader stock market. In the digital age, there’s hardly an industry group that doesn’t rely on semiconductors in one way or another. A modern car can easily have more than 3,000 chips. We view the semiconductor group...
AMD still has a long runway until INTC starts to crank out chips from the 2 fabs in Arizona. Looks like there is a little bit more give in AMD but it could result in better entry points. RSI looks like it could fall more before it truly becomes oversold on the daily. MACD curling up for a potential cross.
Beautiful consolidation is occurring here with $NVDA after the Fed clarified tapering decisions today. Nice bounce off the 0.618 Fib level with RSI curling back up as well after hitting lows on the daily timeframe. It appears to be a great entry if NVDA can clear the 0.786 Fib level next. Just my personal opinion, not investment advice!
For those that followed the original idea, the look of the path seems correct, but the unexpected super-parabola was not. Even now, this chart looks wrong when zoomed out, due to the excessive price action at vertical levels. This next leg will probably be more than your average mean reversion, which is the only reason why I would ever follow up such a...
Rambus, Inc. ( NASDAQ:RMBS ) Sector: Electronic Technology (Semiconductors) Market Capitalization: 3.156B Current Price: $28.86 Breakout price: $29.30 Buy Zone (Top/Bottom Range): $28.50-$27.00 Price Target: $29.70-$30.20 (1st), $30.70-$31.20 (2nd), $34.40-$35.60 (3rd) Estimated Duration to Target: 18-19d (1st), 39-41 (2nd), 104-110d (3rd) Contract of Interest:...
AMD peaked cycle Time to short semiconductors (AMD 120 is the target)
AMD is trying to break out of a descending channel. Yesterday we saw NVDA ripping, and it feels like AMD is lagging behind. I am watching P.A above 146.15 for an entry.
Price is at the first trendline / resistance. Confirmation is a candle closing above 312.45 There are quiet a few resistance in the upside, however this name has been beaten, could see some reversal from the lows.
the thought that NVDA could bear flag is upsetting to some, but the price could be lower, in which case rsi, stoch, macd would diverge bullishly. like wise a gap down that is bought, and confirms 4hr higher lows could be another trip to overbought levels on multiple timeframes
*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* Recap: My team entered $MU at $72.92 per share. Our first take profit is...
the indication is that NVDA will continue to find support near $301 and move toward the $315 area
AMD currently at 144.01. Looking for the semiconductors to begin rotation. AMD targets "Areas" T1 136.88 - 135.75 T2 109.34 - 108.46 T3 105.32 - 104.64
It's possible that MRVL is reaching the completion of its third wave after a multi year run where prices continue to increase with reason. After earnings the price shut up to the Fibonacci resistance level that would typically correspond with profit taking - that coupled market wide reflection on valuations may lead to a steady sell off over the next few months...
Seeks daily investment results, before fees and expenses, of 300% of the inverse of the daily performance of the PhLX Semiconductor Sector Index. The index measures the performance of domestic companies engaged in the design, distribution, manufacture and sale of semiconductors.
$SOXS is an index that seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Semiconductor Sector Index.
$SOXS is an index that seeks daily investment results, before fees and expenses, of 300% of the inverse (or opposite) of the daily performance of the Semiconductor Sector Index.
Cheatsheet for Tin. Tin futures plus the only three 'real' equity postions one can consider