Tower Semiconductor ( NASDAQ:TSEM ), an Israeli-based contract chipmaker, recently released its fourth-quarter earnings report, showing a decline in revenue. The dip in revenue was due to a decrease in demand from the automotive sector, which is currently facing uncertain times. However, despite the ongoing Israel-Hamas conflict, the company's operations and...
TSEM has made a tripple bottom chart pattern which is a bullish signal If it crosses the neck line of 46$ there is a possible bull run till 50+ At the moment its also below a heavy volume line i.e at 44 level Already bounced 3 times from 39 level Entry @ CMP (i.e 41.48) TP 1 @ 45 TP2 @ 50 SL @ 38
TSEM seems breaking down from an upward channel. It has strong twiggs money flow divergence. We think it has very good downside potential if it breaks the channel formation. * Trade Criteria * Date First Found- December 12, 2017 Pattern/Why- Upward channel Entry Target Criteria- Break of $32.67 Exit Target Criteria- $30.67 Stop Loss Criteria- $34.03 Special...
TSEM expected to open at 18.25 for a Retest Gap. To learn to trade this strategy for free go to www.RealLifeTrading.com