With the news that Trump and Xi had come to a truce on Saturday, many investors were kicking themselves that they had not bought more exposure to the chip sector, consolation is in the fact that afterthe initial pop this morning, it has been a steady bleed lower. Todays close will give a very good indication of what is to happen the sector in the coming weeks....
The volume profile in Qrvo is very ugly, massive sell candles with over 100% extra volume each day for the last week,but can we it as capitulation and a sign to step back in to the long side. Given the exposure that NASDAQ:QRVO has to China it is a risky move. We see the $54 area been tested once again, on confirmation of it holding then it is a good time to...
Until yesterday we were very bullish on Qrvo but considering the exposure it has to China our optimism has wavered. Despite that we stick to our guns on this lesser know name, which has a relatively low $8 Billion market cap in comparison to others in the Chip Sector. Qrvo has a great deal of exposure in the 5G rollout which makes it a ideal takeover target for...
Quorvo has taken some of the investors away from names like MU and NVDA and is justified. Still a relatively small company with a market cap of approx 8.8B it is well positioned to benefit form the roll out of 5G and is also touted as a prime takeover target. We will be taking a long position in this stock and not for the short term.
Qorvo reached the TP of my last analysis:
Is it the same chance again? The RSI signs a further down-potential - let`s see if a new "3" really can be build..
Tardinmg belwo 50 is dangerous and could turn the chart bearish
Former analysis:
1-2-3 GOOD FOR 15% ?
Qorvo with a classical 1-2-3 Long-Setup! (For further Information have a look at
Since we have...
Nobody has faith in QRVO any longer. It does indeed have a bullish chart setup, why? Because after its nasty hit, people were covering their shorts and that bullish volume was indeed a misconception. People covering not buying. LOOK at the institution ownership. 93%!!!!! and you may ask about the other 7%? Well... it is all out in the market, being shorted!! 127...
Qorvo with a classical 1-2-3 Long-Setup! (For further Information have a look at
Since we have seen the Low at 34$, the stock could climb up to 52$. A consolidation followed, which endet at the minimal correction Level, the fibo 38,2%.
Yesterday Qorvo could break it s Pivot resistance Level at 52$ (green and blue "2"). This Breakout opens the way for the next...
