Navigating the Chip Maze: Should You Invest in Synopsys?
Synopsys, a titan in the Electronic Design Automation (EDA) landscape, offers intriguing prospects for investors curious about the semiconductor industry. But before diving in, let's unpack the company, analyze its potential, and explore options – with a strong disclaimer: trading is inherently risky and...
Reasons for bullish bias:
- Price bounced from trendline
- Price has tested recent resistance turned support
Entry Level: 525.42
Stop Loss Level: 476.00
Take Profit Level 1: 574.84
Synopsys, Inc. is an American electronic design automation company headquartered in Sunnyvale, California, that focuses on silicon design and verification, silicon intellectual property and software security and quality. Synopsys supplies tools and services to the semiconductor design and manufacturing industry
Synopsys has pulled back after hitting new highs, and trend followers may take notice.
The first pattern on today’s chart is the four-month consolidation pattern between May and early October. SNPS was mostly trapped below $465 during that time. But it broke out on October 6 and is now pulling back to that level. Has old resistance become new support?
Second is...
Last friday is a choppy one but seems like there's a chance for it to break above. Tonight market will definitely the last moment for bulls or bears. What's your bet?
Price appears to be in a horizontal trading channel.
This pattern is neutral until broken.
Short is around 1%.
No recommendation.
Synopsys, Inc. provides electronic design automation software products used to design and test integrated circuits. The company offers Digital and Custom IC Design solution that provides digital design implementation solutions;...
Synopsis looks topped out, RSI divergence as confluence.
Short targets are around 375 as TP 1 to 350 as TP 2.
To play it super safe, short to ~418.
Simple setup, good luck!
Analyzing the options chain and the chart patterns of NU Holdings prior to the earnings report this week,
I would consider purchasing the 400usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $6.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to...
NASDAQ:SNPS interesting double inside here.
I will be skipping this due to the multiple red volume bars to the left.
I am willing to be patient waiting for better setups.
Entry: with price above 468.03
Volume: with volume greater than 2.69M
Target: 511 area
Stop: Depending on your risk tolerance; Based on an entry of 453.70, 232.84 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while...
Entry: when price clears 468.03
Volume: with daily volume greater than 2.7M
Target: 511 area
Stop: Depending on your risk tolerance; 453.70 gets you 3/1 Risk/Reward.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not...
This is the bullish move that completes the right side of the larger W pattern
The most recent W is slightly shaped differently with the middle of the W being higher than the left side
This could be a bullish sign plotting a higher high which supports the first argument
Price labels are the middle of both W's
Technical Indicators have begun to finally cool off for this one, but such a dramatic trip to the clouds often warrants a visit back to the tree tops before ascending into outer space... If the 2 month MACD crosses again and holds, then this stock has likely entered one of these 5 wave corrective structures outlined. There is always the potential for higher highs,...
The PEAD projected a Bearish outlook for $SPNS after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 75%.
