The party at SOXS is never that good. But sometimes things come together. As you can see when everyone has arrived it is time to leave and move the party back to SOXX.
AMAT has been stair-stepping higher in a bull trend lately. In my opinion AMAT has been a leader in one of the stronger industry groups within tech (semiconductor equipment). Yesterday it printed an inverted hammer after failing to make a significant push below the previous low on 4/19. This is the line in the sand. Today it opened near those lows but pushed...
Technical Analysis We have formed an ascending triangle (purple lines). If we make a measured move from the breakout, it takes us up to $275 target approximately. 21ema has been working very well as a trend following system. OBV has been supportive of the trend. Fundamental Analysis / News 1. Ongoing reports talking about demand for semiconductors outpacing...
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.
Insider selling of $86 Million final three days of December. I anticipate an attempt at regaining $63 on Monday by this one and this is where I plan to initiate a short position by using February or March Puts. Disclaimer: Not trading advice. STX
Technical Analysis We have broken the long-term resistance trend that had been in place for almost 10 years. RSI is very overbought, but this market has proven overbought can stay overbought for a long period. In the chart there is 3 potential targets for Copper in the long-term picture. There are several place to take profits and/or add on pullbacks. (These...
If you missed the $TSLA VCP, here's one more $NVDA. Same pattern as $TSLA before the big breakout with higher lows and supply dry up indicating that most of the selling is done. Volatility contraction Pattern by @markminervini 📈
Not trading advice. Just journaling my chart entry here.
Not trading advice. I am short the SMH Currently with $196 puts
Teradyne made a cup & handle, which continues to see strength. Cup & Handle -- Measured Move Making a measured move from the floor of the cup, to the resistance which was all time highs, we get a 18 points (12% aprox.) potential move. Trade Would follow the 5sma (green line) to take profits for 50% of my position, the other 50% if it takes the Resistance 1...
Notice how the 5sma has been resistance for the SOXX for the past 12 trading days (red oval). This tells us that short-term, SOXX has to break the 5sma to get out of its current down-trend. The purple line is the 50sma, which is now also resistance, as we crossed below it, and is now touching the 5sma.
SOX stronger than XLK and QQQ but formed daily chart divergence peak. 30 min chart sees RSI break down 50 together with HA bar showing bearish head. Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation. Personally I hold both long term long positions and occasionally short term...
Technical Analysis INTC breaking out of a consolidation channel after its drop due to disappointing earnings. RSI confirming breakout; at 62. Intraday volume is above its 10sma average. 200sma lining-up with previous tested support. Breaking this resistance , would take us into next parallel channel. Attractive risk-reward-ratio at 2.5, placing...
Simple view of this critical sector breaking through key technical trendlines. Our first bearish sign was the break earlier in August, which held, and rallied back above the original broken trendline. That quickly stopped as momentum ran out, and it's now breaking through multiple trendlines with bulls at max long. This can potentially fall significantly given...
NVDA 1M: 2016 - Price formed "U" at/below previous ATH. Slow Stochastic hit overbought then formed "U". Price then broke the ATH and the following bull run lasted 2.4 years and returned 600%+. 2020 - Price formed "U" at/below previous ATH. Slow Stochastic hit overbought then formed "U". Price then broke the ATH. The 2020 NVDA chart + indicators share many...
Exhibiting signs of exhaustion, U.S. equities gave up nearly all their gains from the morning, closing today's session flat. The Dow Jones Industrial Average gained +0.56%, the S&P 500 +0.90% and the Nasdaq 100 led the way with +1.09%. Interestingly, a number of heavy hitters are roaming around resistance. One name of note is Apple which finally entered a region...