Rising in a channel with a recent bullish momentum breaking the major KL I'm expecting price to keep climbing upwards with a target of 73 USD.
I'm bullish on semi-conductor stocks. Especially small & mid-cap names. Check out Silicon Motion Technology. I like the set up here. P/E = 17.73 EPS Growth = 483% Nice entry point IMO. New to charting. Let me know what you think? Thanks.
$SIMO broke out of cup with handle base with buy point of $47.35. RSI broke the resistance as well. The volume is super If you find my charts useful, please leave me " like". thx
SIMO puts in 3 strong days with high closes since the breakout. It is now too far extended to buy, but it was almost my pick on 4/13/15, but I went with QLYS instead since it was a bit closer to the buy point at that time, and QLYS had better fundamentals. PERFORMANCE WITHIN GROUP (SIMO) SILICON MOTION TECH ADS RANK WITHIN THE ELEC-SEMICONDCTOR FABLSS GROUP...