Yesterday I put out a strong technical analysis publication and now I'd like to add fundamental input. Trump Announced he tested positive for Covid-19, this sparked a strong drop in the 3 main US indices. I believe SWKS will drop 10% erasing it's entire weekly gain and continue the downward trend during these unprecedented times. My SWKS losing steam publication...
Skyworks is nearing a new high and running out of steam. Heres what the indicators say.
Sell/Buy indicators: SWKS has been marked a buy since 9/25. 4 trading days while our longest buy signal in the past 4 months has lasted 20 days. This is our only indicator not yet supporting a sell but can we spot it first? Lets check out the other indicators.
Moving...
There is a lot of upward momentum for Skyworks. Being up almost 10% for the week, with market volatility and uncertainty. We can expect SWKS to drop hard very soon. The downward trend could start Friday, and lead into next week.
Here is my candle stick segment for my "SWKS due to drop" publication. I will continue posting segments as long as I am holding the position. This could be my only post or this may go on for a week. Stay tuned! What are your predictions for SWKS?
Skyworks is due to drop in the coming week as candlestick trends show signs of bearish activity. On the 6 month chart it can be seen that bears are starting to pull. It can be further magnified as you look at the 3 month and 1 month chart. This is a short term short. After a decline to $142 we should see the bulls pull back. This is based on pure candlestick...
A Falling wedge can be a reversal pattern at the bottom, but can also fit into the continuation category. As a continuation pattern, the falling wedge will still slope down, but the slope will be against the prevailing uptrend. As a reversal pattern, the falling wedge slopes down and with the prevailing trend. Regardless of the type (reversal or continuation),...
Dipping out of a big rising wedge. Strong stock so may not fall far at all. Long after descent is complete
Handle low serves as great support but hoping it does not fall that far. B/O from C&H was at 129 which can also be support. There is also support from the top trend line of an ascending triangle at 139ish
Not a recommendation
SWKS beat earnings, raised dividends, I think they even got a promotion too (o:
The tail of one candle had dipped out of the trend line of rising wedge for a brief poke. Maybe that is all it will be..I hope so
I own this stock. I do not recommend it.
5G stalwart company, long term winner but short term some risk.
The stock has broken out and bac-tested the $125 levels as support.
Upside Fibonacci target $145-$155
MACD just reversed bullishly.
Todays we will know is consolidation over or we enter major breakout.
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