Among its peers in the Chip Sector CY is relatively cheap at a healthy 16P/E ratio. There is some apprehension regarding earnings, it is widely expected that revenues will have declined but this is not what will move the stock. The forward projections are eagerly anticipated and if good, the stock could rip higher. Cypress Semi has exposure to many different...
Cypress posted a strong earnings report, beating their estimated earnings on Thursday. This could very well be an indication of what's to come for the semiconductor company! The Megalodon is giving us a buy sign! For information or to try out the Megalodon, send me a message!
Beautiful classic head and shoulders pattern on $CY Daily / 4 Hour chart. Price action broke out strongly and looks to be headed to its $15 target area. RSI is strong and price action closed at $14. We have a high probability setup that we can take advantage of. I'm in at $13.80.
1. Curious to see how CY handles early TSI signals in the downward direction
2. So far upward CY shifts have been preempted by TSI divergence
3. Will it hold for negative divergence?
4. Overall love the stock.
In Recovery From Head And Shoulder Pattern. Good momentum moving back up, should open and continue up to the 200DMA (Blue Line). Good opportunity to Gap up and over Tuesday morning if it stalls There EOD Monday.