I believe this is a beginning of a new era not the end! Not even close to the end! These stocks just crossed below their 200 EMA, and made serious reversal patterns!
They will go down more with time!
Reevaluate your stop loss would save you a lot !
The positive upbeat news coming for chip makers and $XLNX is one of the one worth to watch for a new uptrend. $113.36 is a buy point but if you want to take a risk you may get it above $103.74
12 months Consensus Price Target: $99.24
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Please don't trade according to the ideas, rely on your own...
Xilinx presented a lot of new products last year like ALVEO (computing accelerators for heavy tasks of Machine Learning), the biggest FPGA with 9 million logic blocks, new Supermicro servers with XILINX FPGAs and lot more. Also it opened new R&D facilities in India.
Xilinx's products are very specifically and outstrip products from competitors, they need time to...
XLNX had a sudden Inverted V Topping Formation during the summer of 2019, but has recently filled the gap down and is moving up to a bottom completion.
