SOXS on the 30-minute chart has reversed from a trend down to an early uptrend. This is
confirmed by a variety of indicators including the ATR/ U BOT indicator reset to a period of 4,
the relative volume indicator showing buying volume spikes instead of selling spikes, as well
as the squeeze indicator changes from a green negative histogram to a positive one....
INTC on a 180 minute chart is in a flat bottom triangle since before earnings. The earnings
report was a beat of 20% on earnings and 1.5 % on revenue but apparently disappointed greedy
traders expecting more. Price has been mostly sideways. I saw the dip on Tuesday to Thursday
as an opportunity to take a call option trade for Friday which had a great return....
Buying this dip here to catch the final pop before ditribution begins.
Minimum target 1170
- earliest by end of day 2/16
- latest Mar 1 2024
*** Anything above this will be pure squeeze, but there is really no roof for how high this can go.. I'd say 1300-1500
Pretty wild.
Reason Why Nvidia Will Still Growing
Diverse Market Presence: NVIDIA is not just a semiconductor manufacturer; it’s a tech powerhouse. Beyond GPUs for gaming and professional markets, they also create system-on-a-chip (SoC) units for mobile computing and automotive applications. Their expansion into cloud software and services positions them well for...
Leading to the most recent earnings report, Intel had reached a 61.8% retrace from High to Low and was showing signs of reversing, so I decided to take profit on Intel. Now, upon spotting a potential trend continuation Bullish Gartley I now think it's possible for INTC to recover from here and perhaps go all the way for the 0.886 at $64.90, so I will be buying...
On a 30-minute chart, like several other computer chip manufactures has approached or
reached a near-term top. Overall Broadcom has gained 19% YTD. Earnings are in about two
weeks. I see this as a short trade to follow AVGO from the top of the channel down to about
1225 in time to catch earnings at the bottom of the channel to end the swing trade and...
Besi ( EURONEXT:BESI ), the Dutch chipmaking parts supplier, has recently surpassed fourth-quarter targets, buoyed by soaring demand for its cutting-edge hybrid bonding technology and AI-enabled computing applications. This surge in demand underscores a broader trend of chipmakers ramping up capacity to meet the insatiable appetite for AI-driven solutions across...
Here on a daily chart I have the ratio of shares of NVDA to AMD and so the market caps
proportions. From September 2022 and for a year NVDA rose more than AMD and so the ratio
rose. From September 2023 to January 2024, NVDA fell as compared with AMD perhaps because
AMD's rate of rise on a percentage basis exceeded that of NVDA. Since the first of the...
If you have taken advantage of the 20% drawdown in Aug-Sep, then a 16% rally this month, then congrats to you. Right now, the final leg of correction is in progress before the next bull run starts. Today we might have seen the sharp a wave of Y. Things might slide a bit more, but a bounce should be incoming. After the bounce we should see the final leg down, when...
SOXL is the triple leveraged semi-conductor ETF while SOXS is its inverse. While SOXL
is primarily up trending in its intermediate and full-time history, it does from time to time
have a correction mainly when the technology sector gets challenged. I have found that
plotting the ratio of the share values is a very accurate way of pinpointing those...
AMD is consolidating really nicely after making new highs in late January. Surfing the 20 EMA on the daily chart as well. This will be a top focus for me heading into next week.
Refer to my prev AMD post back in Jan for credibility - I predicted run to 158-165 when it was in the 130s (result: ran to 180s).
Now we have a buy the dip opportunity after earnings sell off. There is still too much demand for this to tank yet, it wants one more high (at least).
Path to targets is the solid black line. Bullish channel its respecting is the...
Hello Traders, welcome to today's analysis of Nvidia.
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Explanation of my video analysis:
All the way back in February of 2014 we saw a breakout of a long term symmetrical triangle on Nvidia. This breakout was followed by an insane +9.500% rally towards the upside. Right now Nvidia is trading in a solid ascending channel and is approaching the upper...
Chart update, charts linked.
If you're buying long after 171, I warned you.
Orange is Support and future rejection trend.
If we close the week over 137.09
bullish.
39 gonna hit you like a truck if you're not out before the drop (Feb/March maybe, time frame is hard to predict, but I assume the drop ends sometime around May or June.)
If you've been following me with AMD, we're pretty much out at this point, as we've been targeting the trade since 93, and there isn't much point to miss a few extra percentage points on the topside at the risk of losing all or much of the profits.
HOWEVER, there are still trades to the topside, as far as trades heading to the bottom side.
Marked in thick...
Taking a stab at SOXL for a reversal here. Tightening down in a wedge for the last week. After semis had been making new highs. Relatively oversold RSI on the 65min and MACD about to flip bullish on the same timeframe. Active trade. In @ $31.99, target $36
There is a Bearish Hammer at weekly Resistance on QCOM with the RSI pushing back down from its second test of the overbought level. This seems like Bearish RSI BAMM that could lead to QCOM coming back into the support range around $120. As a result I'v decided to open Bear Call Spread spreads on QCOM to offset my Bullish AMD Call Spread.
We have a nice looking Cup with Handle on IBM and it's currently Challenging the $140 Psychological Resistance Level, if it can get above that i think we will see IBM's stock price push towards the $175-$180 measured move. On a side not i also believe the Dow will be the strongest performing Maor US Index and reach all time highs before any other index and that...
