Wedging down Triangle. Bullish Divergence in MFI, RSI & MACD. Bullish Crossover on MACD
Three gap pattern indicates exhaustion. Bullish divergence in MACD.
Monthly Bullish Hammer a close above $80.23 in Feb needed for confirmation.
Lower Low, but Higher MFI, indicates Bears are exhausting. High possibility of trend change imo
This has served as a good support trend. Today closed at 9/3/12 high which is the same level of support. Next few days will be telling.
Acc/Dis line indicates significant accumulation at these prices
I like $SWKS here. I will open some call options at these levels.
Ignore the badly drawn cloud. I was bored :) Premise: I wanted to get into $GILD last week and it looks too exteneded today. So I found this $SWKS chart and it could make a similar move. Breaking the trendline on a close above 99, making higher lows on the daily chart. Front running a breakout above of the March 23rd high at 102.77 MACD is trying to go higher....
SWKS has been one of the strongest stocks in the market over the last year. It has also been so consistent and not choppy. I like the company and its in a valid base, which I believe is a stage 2 flat base since the Oct low. Industry group rank =10 On the other side of the coin, it has 0 Qtrs of EPS acceleration... Still almost every other light is green,...
Remember it is important to wait for the next candle to confirm. This is a bullish Hammer after a downtrend from a harsh pullback in asian chip stocks this week. Although Vortex indicator has confirmed a larger bearish move is still likely, as there is no confirmation that this decline is over, it is very possible that speculators will continue to aggressively buy...
Recently, the stock price of Skyworks Solutions Inc (NASDAQ:SWKS) made a high of $59.25. While for many of whom were only looking at the daily chart of Skyworks Solutions Inc (NASDAQ:SWKS), this appeared as a bullish signal. However, after noticing many bullish comments around the web on Skyworks Solutions Inc (NASDAQ:SWKS) days prior, that prompted me to analyze...
With SWKS running from 40 to 47 in less than a month, it is finally taking a breather. Price is currently consolidating just under the 47 mark. If SWKS can close above $47, it will trigger a buy signal for the next run up to $50.
SWKS is on fire. Recent earnings revisions, and analyst upgrades has provided the catalyst for Skyworks to make its' next leg higher. May 29 marked its' highest 52 week close since the earnings release made in April. This cash rich company has an amazing Quick and Current ratio of 5.76 and 6.94 respectively, and no debt. Short term price target is set at 50.00,...