Besi ( EURONEXT:BESI ), the Dutch chipmaking parts supplier, has recently surpassed fourth-quarter targets, buoyed by soaring demand for its cutting-edge hybrid bonding technology and AI-enabled computing applications. This surge in demand underscores a broader trend of chipmakers ramping up capacity to meet the insatiable appetite for AI-driven solutions across...
As we can see on the chart, BESI has been moving within this long-term trend the past few years.
It recently has touched the lower trendline again which has been acting as support for a long time.
By looking at what BESI has done in the past few years and with those 2 trendlines in mind, we can expect BESI to be bullish for the next few years to come until it has...
BESI price broke resistance (now support) and entered in a range where it traded before. Expecting a significant move up, with a potential pause and maybe reverse at the orange resistance level.
BE SEMICONDUCTOR INDUSTRIES - Intraday - We look to Buy a break of 64.52 (stop at 61.24)
Daily signals are bullish.
Our short term bias remains positive.
Price action is forming a bullish flag which has a bias to break to the upside.
64.38 has been pivotal.
A break of the recent high at 64.38 should result in a further move higher.
The primary trend remains...
BE SEMICONDUCTOR INDUSTRIES - 30d expiry - We look to Buy a break of 53.22 (stop at 49.98)
Prices have reacted from 38.46.
Short term bias has turned positive.
Short term momentum is bullish.
53.02 has been pivotal.
A break of bespoke resistance at 53.00, and the move higher is already underway.
Our outlook is bullish.
Our profit targets will be 60.84 and...
Besi
Short Term - We look to Sell at 60.02 (stop at 63.16)
Preferred trade is to sell into rallies. We are trading at overbought extremes. Previous support at 60.00 now becomes resistance. There is scope for mild buying at the open but gains should be limited. Trading has been mixed and volatile.
Our profit targets will be 48.54 and 37.98
Resistance:...
BESI - Short Term - We look to Buy at 79.56 (stop at 73.28)
We look to buy dips. We have a 38.2% Fibonacci pullback level of 81.24 from 68.34 to 89.20. The primary trend remains bullish. 50 1day EMA is at 77.00. Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 95.06 and 99.50
Resistance: 90.00 / 100.00 / 110.00
...
BESI SHS formation and resistance/support levels
BESI shows alignment on two fib. retracement levels.
Also forming a SHS pattern marking the end of its bull run.
Expecting lows around €56 before bouncing back to €66.
Then entering the C leg of its ABC correction.
The long term trend is positive, but short term perspectives don't explain us which way we will go out. I suppose that the market will chose a way up. The Elliot Wave Oscillator and the Squeeze Momentum both indicate that choosing one way will be with great conviction. Given a solid positive long trend, the way will be up! First of all the recent highs have to be broken.
