What's not to love. Buying into telecom/cellular, defense tech, big data processing with equal sectors. Self-driving cars will need,
but market still extremely small. 5 yrs. from now, not so much. Buy and hold.
Won patent suit in 2017 to protect GaN chips, which run 80-100x faster than silicone chips and they can make them for same cost.
STM needed to...
STM has been beaten down as Apple supplier for ASIC chips and new iphone release this fall should jump start this.
It's down 27% from high and await good entry.
Viewers come to own opine. The Cboe VIX which started to uptick yesterday from 10-11 to 14. Trade war with
China as another factor.
* CCI showing buy signal for STM.
* RSI basing for uptick.
* Fib retracement indicates bounce coming as STM has shown zig zag resistance push for awhile.
* Zig Zag consolidation breaking out
Tech stocks ready to recover, unless you make AMD GPU's. Sales are up over last year.
3-yr EPS growth 98% and ready to break 25 with right conditions, but easy...
STM is going to a new high. I purchased the stock at $16.04 in premarket. I am not sure it's a good idea to buy before the market open, because of high volatility. I'll consider a take profit of $17.81 and a stop loss of $15.16, giving a risk/reward ratio of 2.01
The dark force wants you to sell. On the hourly chart we see a test of support formed by a rising window gap around 14. Short term Elliot count shows this to be wave iV down. Elliot says wave 4 never goes into wave 1 territory, and candle stick resistance of rising window very strong. Hang in there, as I said on my daily post...STM still poised for a move up. If...