Infineon is currebtly at the top of a descending channel and just below a strong volume and ichimoku resistance. I think that it may decrease to the next support and then, maybe, to the fibo retracement.
This analyse is not and advise and is not for financial investment.
Infineon Technologies is not only the largest semiconductor manufacturer in Germany, but it also holds the record for the world's smallest safety chip. This tiny chip, measuring just 0.6 square millimeters, is used in airbags and other critical safety systems in cars. Its small size allows for more compact and efficient designs in vehicles.
Infineon Technologies...
Although there is an inverted shoulder head and shoulder formation on the chart, let's look for closures where I indicated with X. Pay attention to the wedge resistance in the weekly hike slice.
Shorted $IFX 25.340, aiming 19ish, stop loss 27.725
Playing level to level, holding below marked level 26.340 and couldn’t reclaim 29.810 level, relevant for me to keep short term bull momentum
Will take profit on the 3 levels marked
We are between 2 horizontal SR levels. An ascending trend line gave us support in the end.
If this will hold again and we get a 4h buy signal I see the orange marked path for possible.
Should we break this trendline, we still get support in the white zone, there is then to pay attention to the Wavereader whether we go the red way.
Both variants look to me like...
After the move down and the infineon down, we see the bottom hold again.
It is a good buying area for me, get another position. Target should be again about 36 €.
I opened a position up.
Infineon maybe a good buy canditate!
They simply told, that they can not produce enough chips for the market and also TSMC can not produce enough. There is a shortage of a product in the market, which will lead to a rise of the chip prices.
Long term profit for infineon, even when they now make not good earnings in this or maybe next quartal.
A good buy entry...
duo to divergence of price moving up and volume (on balance volume) going down, I expect price breaks down channel and it will be a good trade to sell.
you can order sell stop at 32.90.
