Nordic Semiconductor PredictionRecent hype pushes price into resistance area, may continue downtrend and break below support to where it started uptrend during Covid.
N0S trade ideas
Nordic SemiconductorHistory and Growth:
1. Founded in 1983: This makes them one of the pioneers in the wireless semiconductor industry.
2. Fabless Model: Nordic Semiconductor doesn't have its fabrication plants, focusing instead on design and development.
3. Global Reach: Headquartered in Trondheim, Norway, they have offices worldwide and sell their products in over 100 countries.
4. Rapid Growth: In the past 5 years, their annual revenue has more than doubled, reaching over $1 billion in 2022.
Nordic Semiconductor has a diverse range of clients across many industries, though some of the most prominent include:
Tech giants:
1. Apple
2. Samsung
3. Google
4. Amazon
5. Microsoft
Consumer Electronics:
1. Bose
2. Sony
3. Garmin
4. Jabra
5. Logitech
Healthcare:
1. Philips
2. Medtronic
3. Abbott Laboratories
4. BD
5. Johnson & Johnson
Industrial:
1. ABB
2. Siemens
3. Bosch
4. Honeywell
5. GE
Sports & Fitness:
1. Polar
2. Garmin
3. Fitbit
4. Suunto
5. Adidas
Other industries:
1. Automotive
2. Agriculture
3. Retail
4. Security
5. Smart Homes
Additionally, Nordic Semiconductor has partnerships with several leading design and solution partners, such as:
1. CA Engineering
2. Indesign
3. Sigma Connectivity
4. Shenzhen Minew Technologies Co. Ltd.
5. Meshtech
6. NORBIT
7. Telenor ASA
Nordic Semiconductor is a solid company serving an important segment in the tech industry. The stock had the largest buy volume in its history in November, signaling an interest in investors at the November lows as the general tech industry saw a rally in their stock prices.
We will be adding Nordic Semiconductor to our portfolio.
Nordic Semiconductor could be a multi-baggerTriple bottom with Bullish divergence on Weekly
This is Buy and Hold Ticker for few months.
NOD decision timeNOD has reached a crucial area.
The 0.618 fib, plenty of horizontal support and the 200MA coming up as well.
What concerning are the huge amount of gaps below still all the way to NOK 66.40 (gray lines) AND the strong continuous downtrend we’ve been in lately.
So bullish candles and break of the downtrend before touching NOD again.
NOD where to buy?NOD has made a W top formation, retested the neckline and is continuing its correction down.
Areas of interest are marked with red circles, being the 0.5 and 0.618fib retracements, lining up with horizontal support as well.
Once NOD gets there, we need to look for potential buy signals.
NOD - Soon reversal RSI near reversal from previous retracements at 40.
CMF still positive.
Retracement near 0.618 fibo level.
Nordic Semiconductor $NOD gets BUY (200) from DeutcheIf the stock breaks through 50 day SMA it looks like it could start a nice bullish movement
NOD looking for a buying opportunity.A little while ago I expected NOD to make a correction already, but it kept steaming on upwards!
Target for this one according to fundamentals is around NOK 130,-
However, the big problem with these runs is to find a good buying opportunity, especially if the price is at an all time high, so you don't have previous supports/resistances to work with.
So all I can go on is the most recent resistance turned support and the fact that NOD left 3 gaps recently.
So if it fills those gaps and revisits this support (and finds support), that would present an excellent buying opportunity on a bullish stock.
NOD bullish or not?So despite of any bullish signals NOD might give I’m very careful simply because of this picture on the monthly.
Bearish rising wedge broken and now an attempt to retest.
On the latest sprint up, some gaps are left behind as well.
For this to become invalid for me, we need to build a solid support first, then we can find our way up again.
Let’s see how it works out!
