TSEM, bought it on november 16, one day after the earnings gap. slow mover, but continous. love the chart. It just doesnt give you a spot to add or reenter. worth keeping an eye on and consider on a greater pullback
After gapping higher on earnings, TSEM has consolidated sideways over the past month and a half. It has approached the 50dma and has so far found support at it. Support can also be seen around 14.77. This level has been successfully tested 3 times so far.
See if both 14.77 can hold as well as the 50dma. If it can and TSEM can move back above its short term...
enter only on short term candle to confirm-diversify-stop loss trailing 8 ema-web site and chat room coming labor day-we like micro cap longs, etfs and some mature shorts-money flow strong macd strong--adx trending-strong group
Tower Semiconductor Ltd TSEM:NSDQ
DIAMOND BOTTOM BREAKOUT
Target Price Range: $14.70 - $15.30
Trading Considerations
Duration of Pattern
Consider the duration of the pattern and its relationship to your trading time horizons. The duration of the pattern is considered to be an indicator of the duration of the influence of this pattern. The longer the...
Lately, several analysts upgraded Tower's price to 21$
Since the upgrade, $TSEM's price experienced strong rally that pushed it into a major weekly resistance zone that consists of three elements:
1. Broken uptrend line - Now resistance
2. 18 & 50 Weeks MAs - Strong MAs resistance
3. Minor structure zone
As long as $TSEM stays below 14-15$, it has potential to...
$TSEM is going to report today and it is sitting on a minor support zone - 12$-13$
As you can see, $TSEM is still in a daily uptrend (see green uptrend line) and as long as the price remains in this trend, $TSEM could be heading towards another attempt to breakout of its Weekly Triangle pattern.
In case that the trend line will fail following $TSEM earnings, the...
After great earnings on 8/4/14, it was rather disappointing since it immediately filled the gap and went down four days in a row. Trading right above the 10 dollar mark and 50ma, it has not been a secure buy until today. I bought shares at the closing today as this congestion period may be over and the great earnings will finally influence the price.
This stock has done well since its partnership with Panasonic and I expect it to go further with this technical breakout on high volume that was setback due to the market downturn. With the decreasing volume and tightening price, this is a good sign of another breakout.
Stock continuously showing strength with very good volume and looks bull ride has began and it can easily go by 12.50 to $13 mark in coming couple of weeks.
