RMBS broke out of a cup base 4 weeks ago and now has 3 tight weekly closes and a flag. The weekly chart shows very nice accumulation, and I would consider this for a swing trade if it can push above the trendline since this is very extended from the 10 week and 50 day moving averages.
I've posted about $RMBS multiple time in recent weeks.
Was showing clear leadership treats through out the market weakness.
That drop on the 14th and come back on the 15th was something.
Watching patiently for a possible pullback setup from here.
Massive breakout volume.
$RMBS great RS, Great EPS and Sales. Lots to like and setting up.
To be picky, I don't like how the right side of the base built up (2nd chart red arrow up). the base construction feels incomplete but that could be a reflection of volatile market we've been in. Might just go here
Top at 200. Will go above slightly to bait in longs but the cycle top is 200.
I cannot believe people are in markets that go 8x in 9 years at best...
But more like 8x in 35 years.
Its the most boring take your money to the grave thing I have ever ... nevermind.
$RMBS bounced off its 200MA, confluence with its 2 yr trend channel support. one of the most traded name in my 2021. still on the sideline for this as ER on 7/2, but i like to re-visit my past multiple winners like $JYNT and $TSLA
$RMBS is hardly talked about, under the shadows of $MU and $TSM.
Feb 1st is their earnings. Look for a great runup and potential shoot the moon AFTER earnings.
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Golden cross Imminent
Just Under major breakout level.
MACD bullish cross complete.
RSI in strong uptrend with room to run higher.
Alert set for $16.
Rambus, Inc. engages in the provision of cutting-edge semiconductor and Internet Protocol products, spanning memory and interfaces to security, smart sensors and lighting. It operates through the...
====Entry level $16 - Target price $24====
Rambus, Inc. engages in the provision of cutting-edge semiconductor and Internet Protocol products, spanning memory and interfaces to security, smart sensors and lighting. It operates through the following segments: Memory and Interfaces Division (MID), Cryptography Research (CRD), Emerging Solutions Division (ESD), and...
Since breaking out of its extended rectangle consolidation, semi conductor play $RMBS has come back to retest the breakout area, forming a falling wedge pattern into good volume profile support. I like it as a long here to retest its most recent highs. I'll be looking to take a long here on any pullback.