No doubt the semiconductor sector has taken a hammering recently. Chip company Skyworks is rapidly approaching a long term support level and is this is very close to the fib golden pocket zone. Maybe a great time to buy the dip?
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $124.20
Target Price: $122.20
Stop Loss: $127.69
Limit buy - 165,0$
Target - 189,60$
Risk/Reward Ratio - 3,51
Stop-loss - 158,0
Since the company was very well bought off from the support line, we expect a rise to $189.60
We enter a position at 165.0$
1.5 years long Head & Shoulders pattern for Skyworks. It already made an initial breakdown from the neckline. Ideally we want to see a decline into the support area (2 RED LINES) followed by a retracement to the resistance at the neckline all within a 2-3 week timeframe before making a short entry position on the 178-185 range. Target is 116-128 area. Good Luck!
See the following;
2D chart for longer view.
1. doji before
2. BUY signal
3. confirmation as it climbed through EMA
4. play options towards ER or load up on stocks.
Perfect breakout underway in SWKS ,
Multiple catalysts but AAPL and QCOM earnings yesterday have added furl to the move.
Support is now $195
PT's $210 & $218
Based on multiple indicators it is clear that SWKS is about to fall and here they are
Guth 3x confirm: Triple sell signal
D+ Large cloud of bearish divergence indicating strong bearish strength as well as 3 sell signals
Kurotoga Cloud: Shows support at $188.75 but second level support at $184.48
My plan? SWKS is up post market according to Trading View but...
skyworks killed the earning!!
played an option call that expired after earning and sold at the highs of 20+ dollars the day after earnings
the made 20-30 dollars per iphone 12 sold so when apple said they killed the iphone 12 sales i figured skyworks would make a killing from the apple revenu alone anddddd
they printed money baby :)
sold at 4X return :))))
why i just placed these calls??
first look at my other ost i posted about them and killed the game <3 now come back to this and see what im saying :)
chip shortage being a big thing now. it wont affect this company because..... they make these chips.
i see some gainz being had in my view. they could be underpriced but i dont really care about value NOW.
what i...
The PEAD projected a slight bearish outlook for $SWKS after a positive over reaction following its earnings release placing it in drift B
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SWKS Strong Upside Momentum
Technology sector and the Semiconductor industry are on a strong upwards momentum
Expecting the price to continue upwards with the current price action.
Technical Analysis:
- Price rejected by 50EMA
- Followed by a very bullish confirmation candle
- Stochastic entered the oversold zone have reversed
- Strong sign of momentum via...
Earnings 1-28
Divergence with RSI noted. It was a bearish divergence as price sloped up and RSI sloped down. Divergences do not always mean anything, but SWKS proceeded to pull back. Opening higher in am but chart looks as if it may have a little bit more pulling back to do.
There is also a previous ABC bullish pattern..
Doji on weekly and a green candle...
SWKS looks to retest resistance at $155 a share. Based on candlestick analysis and divergence indicated by D+ and MACD, we can expect to see SWKS hit $155 a share by Friday.
Beautiful channel here. Multiple tests of the upper trend line which is strong. Tailwinds of upcoming Apple iPhone sales reports. 5g is doing very well for them, who knows, maybe we get a potential buyout in future!
LONG!
