$ENPH continues to be on a tear in recent trading sessions, helped both by technical and macro factors.
On the macro front, the headline risk of a trade war has finally receded as the US and China signed their trade deal in January 2020. This has helped to roll back some dark clouds as it relates to global trade flows, especially for geopolitically sensitive...
On a yearly performance, MU did better than 77% of other electronic components stocks. Now it is currently trading near its 52 weeks high so it is performing in line with the broader markets.
On a mid-term based daily chart, we could see a strong wedge uptrend pattern with momentum, and a few minor pullbacks occurred due to some broader geopolitical impacts such...
Semiconductors rallied after news the U.S. will remove currency manipulator tag from China. Trade tension between the U.S. and China has been easing which likely to give another boost in the chips industry. Among those 137 stocks, AMD outperforms 97% of them. Currently, it is trading near its 52 weeks high and however S&P is also trading near new highs, which...
Qorvo gapped up on an earnings announcement & has held the level. The RSI seems to be bouncing off the 50 level as the slow stochastic exits an oversold condition. The recent low candle had a higher than average volume accompanying it which I noted on the chart. Good relative strength in this name too. This is a tech company within the semiconductor industry,...
I know a lot of you guys are probably confused why AMD played you for a fool this morning with the pop and drop.
But with two new products out and all these hype, it may as well just be a opportunity to double down instead lol.
Small Entry $47.50 area,
may add more at 47.10
Stoploss 46.75
Exit 48.50
AMD has just made a bullish trend line break. It hasn't surged across with strong volume, so I suspect we'll see a bit of a pullback before it moves higher. However, AMD should be bullish for the near term.
Hello! - This is a textbook chart for the bulls.
1) Notice the perfect reverse head and shoulders forming in order to test the 28$ highs in the coming month.
2) Notice the MACD signaling a strong buy with the RSI signaling there is more room to run until overbought. - Good volume too.
3) Notice the overall trend in both MRVL and the SnP 500 - there are similar...
Intel options interest is highly bullish today as call-buyers bet on a last-minute trade deal ahead of the December 15 deadline for new China tariffs to go into effect. Intel is definitely one of the safer bets in the semiconductor space, with a 9.5/10 analyst summary score and an attractive P/E of just 13. The stock's valuation is rated 95/100, or extremely...
Chip stocks are the best performing major industry group so far this year, and Applied Materials has been one of the strongest in the index. The provider of semiconductor equipment has scored double beats (earnings and revenue) all four quarters of 2020. AMAT spiked to a new record high above $63 after its last report in mid-November, followed by a pullback into...
On today's trade optimism and extremely positive jobs data, the SOXX semiconductor fund moved up through a trend line and looks to be ending its day right atop a volume support node. This should bode well next week, although with the SPY at a resistance level, we will need the news to stay good over the weekend in order to move higher Monday.
After a stellar earnings report a week or two ago, I am extending my Qualcomm trend line and looking to buy the dip to the trend line around $79 per share tomorrow.
One of the best long-term performers in the stock market is the semiconductor sector. With a strong likelihood that AI will change the world in the next 10-20 years and disrupt every other industry, there are big profits to be made in semiconductor companies that are heavily invested in AI research and provide the processors to power it.
That said, the current...
SWKS forming a weekly bull flag.
Bulls must break 102.87 with increasing bull volume this coming week to give confidence that we are going up.
Daily time frame is a clear equilibrium pattern. I expect low trading volume until a break.
If we do not break bullish, expect daily consolidation and a weekly higher low to form.
I would also watch for correlation with...
XLNX Look for it to continue following the channel down. Look for it to gap up again and then probably follow the same channel down. Might be a base build long term but I would keep short term positions bearish.
SOXX has been making two parallel channels, and the other day it bounced off the top of the blue one. It's still within the green channel, however, so it's approaching a decision point soon where it will have to choose one or the other. If the fall continues, there could be a good buying opportunity near the bottom of the green channel and an even better buying...
Price has been within a bearish channel since the end of April. The primary trendlines are the solid purple lines but there is an intermediate bullish pattern forming which is illustrated by the dashed purple line which is creating a bullish falling wedge pattern. Look for the breakout around $95 on the falling wedge then we would wait for confirmation on the...
Hello there,
This chart is heavily based on fundamentals and we will talk about it:
Elmos is about to go big. I mean really big and this is related to the automobile market. As the automobile market evolves, so does its functions and use cases to. Electrical/ Hybrid cars are a thing now, and there's no doubt that the semi conductor market is going to explode,...
