News pushing the price well above the channel. It would be natural for the price to retest the price channel drawn but upside expected to continue backed by analysts. Beware of the earnings 08 Feb. Target at $2,92.
I see that area as a major line of resistance and think it is going to shoot up for a good short swing trade. It could go back and hit the resistance again then it will be a for sure bounce up for a long trade.
Contextual immersion trading strategy idea.
Pixelworks, Inc. develops and markets semiconductor and software solutions.
The demand for shares of the company still looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3.63;
stop-loss — $3.04.
Information about...
be careful on this, but with confirmation (a day closing green), I am interested in buying the golden cross
Looking for 10-20% gains
always set a stop loss
Just wanted to include this version of my chart that shows how I came up with my initial price target (fib 0.618 level), as you can see ties in nicely with historical price points.
My other publication on PXLW has some extra info as per fundamentals though ......
No guarantees, as always with any stock, but looks like the buyers are about to take hold of PXLW and run with it .
Technical reversal play. Rsi is also on the uptrend .
There has also been some inside buyers taking positions on the 14th and 17th of Aug.
Put/call ratio is 0.01 , very bullish .
Low short float.
Good technical play, I think .
Good luck ~
Technical Analysis:
It is currently consolidating according to MACD and BB then StochRSI is heading towards oversold area which could be an early indication that there will be a RSI/StochRSI oversold play near-term. ADX is shifting its direction, but DI+ and DI- crossover that underpins that StochRSI play.
I might take a small position once the StochRSI has...
I think it's important to look at historical data. I think this one is a short sell opportunity, but I could be completely out to lunch too. Safe trading
Entry level $4.35
Target Price $4.80
Stop loss $4.18
Average Recommendation: Overweight
Average Target Price:$5.13
Company profile
Pixelworks, Inc. engages in design, development, and marketing of visual display processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits solutions for video applications....
Pixelworks, Inc. engages in design, development, and marketing of visual display processing semiconductors, intellectual property cores, software, and custom application specific integrated circuits solutions for video applications. It also offers solutions for advanced media processing, and the delivery and streaming of video. The company was founded in 1997 by...
SAN JOSE, Calif., Oct 10, 2019 (GLOBE NEWSWIRE via COMTEX) -- SAN JOSE, Calif., Oct. 10, 2019 (GLOBE NEWSWIRE) -- Pixelworks, Inc. PXLW, +3.70%, a leading provider of power-efficient visual processing solutions, will release its third quarter 2019 financial results on Thursday, October 31, 2019 after market close. Todd DeBonis, President and CEO, and Elias Nader,...
BEIJING, China and SAN JOSE, Calif., July 30, 2019 (GLOBE NEWSWIRE) -- Pixelworks, Inc. (PXLW), a leading provider of advanced power-efficient visual processing solutions, today announced that the new Black Shark 2 Pro gaming smartphone utilizes the Iris processor from Pixelworks, featuring True View™ auto-adaptive display capabilities to ensure consistently high...
Pixelworks, Inc. designs, develops and markets video and pixel processing semiconductors, intellectual property cores, software and custom application specific integrated circuit (ASIC) solutions for digital video applications. The Company is engaged in the design and development of integrated circuits (ICs) for use in electronic display devices. It provides its...
Great movement on PXLW today breaking through resistance level. Current outlook for growth remains as technical do not indicate oversold conditions.
Trade responsibly; TPs and SLs.
