Potential Bounce off 200 D MA to build a cup baseCompare with the rest of the Industry Group. STX is the leader in price action. SGH is a similar setup.
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About SMART Global Holdings, Inc
Sector
Electronic Technology
Industry
Semiconductors
CEO
Mark W. Adams
Website
sghcorp.com
Headquarters
Milpitas
Employees
3.6K
Founded
1988
ISIN
KYG8232Y1017
SMART Global Holdings, Inc. designs and manufactures specialty solutions for the computing, memory, and LED markets. The company specializes in application specific product development and support for customers in enterprise, government and original equipment manufacturer, or OEM, markets. It operates through the following segments: Memory Solutions, Intelligent Platform Solutions (IPS), and LED Solutions. The memory Solutions segment provides performance and reliable memory solutions through the design, development, and advanced packaging to extended lifecycle products. The IPS segment consists of specialized platform solutions for high-performance computing, artificial intelligence, machine learning and advanced modeling for technology research. The LED Solutions segment offers a broad portfolio of application-optimized LEDs focused on improving on lumen density, intensity, efficacy, optical control and reliability. The company was founded in 1988 and is headquartered in Milpitas, CA.
SGH using IPO base resistance as support!* Great accelerating earnings
* Breaking out of its IPO base
* High 3-month relative strength in the Tech sector
* Using the broken resistance of the IPO base as support
* Formed a cup and handle pattern
* Holding up really well even in a correction
* Has been consolidating right above broken resis
$SGH Pullback Setup$SGH first pullback after is 6 months flat base breakout to ATHs.
Holding up well. Best case it continues to hold today and put in an inside day.
Any snap back really the market can muster, this could provide a nice setup to take advantage of that.
SGH: looks promising long term. Electronics industry. Looks promising to me. On the weekly looks like a large "W". Todays gap up may close. Process your way.
Have a great week.
From Zacks:
"Smart Global Holdings Inc. is a designer, manufacturer and supplier of electronic subsystems to OEMs. It engaged in the computer, industria
SGH Waiting for breakout2-year long base
Price consolidating near resistance and All-Time Highs
Decent support around 42~
Significantly higher volume than usual
Wanted to see a weekly close above previous ATH
Expecting a breakout soon
SGH. Weekly chart.Possible longterm play.In weekly chart rounded base, bull flag brake out which is at the same time the handle of C&H.
One should pay attention to overbought RSI. Possible upward move after retest AH.
Longterm target based on measured move is around 80$.
Not a recommendation, just an observation.
SGH Long IdeaPossible day trade over 26.50 for a 1 point target. Closed above trend line in a really weak market. Expecting SGH to push higher on Monday. 2:1 ratio.
SGH LongLooks like consolidating after the huge bull and i think it's preparing for another one surge, I can see this stock go up-to 32.54 IMO.
See all ideas
This info isn't a recommendation for what you should personally do, so please don't take the data as investment advice. As with any trade, always look first, then leap. Read more in the Terms of Use.
