The chart shows a descending triangle, with a breakout. The breakout yesterday and today, have been on strong intraday volume. A measured move can be made by adding the height from the double bottom (purple circles), to the area of the breakout. Using the green arrows to represent the potential move, which takes us to $152 approximately. Which is coincident...
Levels - Buy - CMP T1 - 250 SL1 - 230 T2 - 280 SL2 - 220 The stock has turned around from its interim support after dipping to the level of 232. It is expected to witness the levels of 240 and then 280 in short and long term respectively. The target levels and their corresponding SL's are listed above. The primary reason for this anticipated up move is the...
Several chip stocks are squeezing into tight ranges with breakout potential. Notice how Broadcom briefly knifed under its 50-day simple moving average (SMA) on July 2. (It followed an antitrust complaint.) The bears quickly surrendered, and a week later AVGO had its highest close since mid-April. So you have a false breakdown and a strong bounce outside of the...
This week was cut short by Independence Day. That makes it a good time to view Micron Technology, which seems to have the spirit of 76. The memory-chip maker had a false breakdown below that level on January 27. It quickly rebounded and returned to test $76 three times since mid-May. Interestingly, the current bounce is happening near the rising 200-day simple...
After a beautiful runup past all time highs weeks ago, NVDA has found itself in a similar position as the Nasdaq by hitting and getting rejected at the first fibonacci extension level. I closed my long in this last week as I saw this level approaching and now it appears that a legit pullback may be coming into reality. So I am bearish.. or am I? Truth be told...
This is a short-term possibly bearish post within a longer term bullish play. Last week IBM closed out with a big 4.5% drop in one day after news of the CEO resigning. But was this the cause or was something larger perhaps in the chart in play here? Well when we zoom out on the monthly chart, we see back in April this year IBM broke aggressively bullish out of the...
*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: Steadily increasing semiconductor demand due to current shortage will...
Hello everyone, AMD has been an outperformer since it tested the 73 support multiple time earlier this year. It broke out of a 6 months long downtrend line in 2020 November and is currently backtesting it (thick yellow line). This may indicate the strong hyper momentum semiconductor stock is ready for another powerful rally. Disclaimer: I personally hold AMD...
As we expect the boom in the sector in the upcoming years related to the worldwide shortage of semiconductors I thought it could be a good idea to buy this ETF instead of specific stocks. This way I can track what's going on in the industry and stay with the position without the need to rebalance all the time. Keep in mind: 1) NVDA (which is 7% of ETF) will have...
*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: Steadily increasing semiconductor demand due to current shortage will...
JHM has been down trending for awhile. Will we see a new uptrend in the nearest time?
$ON Target 44.34 for 19.71% Or double position at 29.74 — On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average. I start every position with 1% of my account and build from there as needed and as possible. I am not your financial advisor. Watch my setups first before...
Believe it or not, Advanced Micro Devices has been little changed for 10 months. But now the semiconductor stock may be getting ready to move. This chart shows how AMD is stuck between a falling trend line and its 50-day simple moving average (SMA). Our Moving Average Speed custom script shows how the 50-day SMA only turned positive two weeks ago. Next,...
Hey friends! Today we have beautifull news. Biden-Harris Administration Announces Supply Chain Disruptions Task Force to Address Short-Term Supply Chain Discontinuities FINAL REPORT. The Administration recommends that Congress support at least $50b in investment in domestic semiconductor manufacturing.
KOPN. Semiconductor (!!!) name. NASDAQ:KOPN Done: above 10day SMA above 20day SMA above 100day SMA huge vol on last Friday Waiting: breakout of 50day SMA breakout of trend line formed since Feb 21 Distribution stage seems to be over. Time for new pump! Entry on PB with low vol and higher low after break of the trend line target $10-13
Copper has a strong uptrend with a stair-step behavior. With pent-up demand for semi-conductors, copper mining has been increasing to help suppliers. For in depth analysis, please check my last charts on CPER.
$AQMS Sustainability and green energy penny stock with very low debt and a 9 month cash-burn runway. Technical setup looking great for a swing. Will be looking for $5.