STM = Text book TradingNow is a good time to short, STM has been on long term down trend, with tight stop can have good profit.
SGMR trade ideas
STM Buy sign from 2 months of consolidation - retracement.NYSE:STM
* CCI showing buy signal for STM.
* RSI basing for uptick.
* Fib retracement indicates bounce coming as STM has shown zig zag resistance push for awhile.
* Zig Zag consolidation breaking out
Tech stocks ready to recover, unless you make AMD GPU's. Sales are up over last year.
3-yr EPS growth 98% and ready to break 25 with right conditions, but easy up from 19.57.
Zach's comparison to NVDA www.zacks.com
Viewers make own conclusions.
STM Short IdeaSTM is displaying what I believe to be a Head and Shoulders top. The uptrend line has already been broken. I would feel comfortable shorting a close below the 200 day SMA. Keep in mind STM reports on 4/26/18. That might be the catalyst needed to complete the pattern. 1st Target is around $16.
STM longSTM nice weekly chart. Breakout over 25.2 should give the next leg up.
Safer to go with 25 calls if playing short term.
Better option is the July 27.5 or 30 calls to buy and hold for a few weeks.
STMicroelectronics to growMEM's or Micro Electromechanical Systems are to be the future for sensing and sharing data via the Internet of Things. STMicroelectronics are just starting this and the future of these devices is bright! At least that's what I have understood...
STM - 61.8 of the Completed Harmonic Pattern - Retrace NowReversal off the daily harmonic completion. Now it will retrace to at least 32.8 of wave 1, then back up for wave 3
STM daily reviewI believe in the stock long-term, but I think there may be a positive channel forming over the next few days, then may exit and re-enter on next dip...
STM going upSTM is going to a new high. I purchased the stock at $16.04 in premarket. I am not sure it's a good idea to buy before the market open, because of high volatility. I'll consider a take profit of $17.81 and a stop loss of $15.16, giving a risk/reward ratio of 2.01
STM - Sell off okay - Trust Support, Candles & Count LukeThe dark force wants you to sell. On the hourly chart we see a test of support formed by a rising window gap around 14. Short term Elliot count shows this to be wave iV down. Elliot says wave 4 never goes into wave 1 territory, and candle stick resistance of rising window very strong. Hang in there, as I said on my daily post...STM still poised for a move up. If it breaks 14.00, that's alarming, if it goes below 13.87 well, then we're wrong and may want to lighten up. Finally Connors RSI very low - look what price does each time. I use Connors for signals on daily only, but it does give confirmation of your bias on 1h charts too. Just since I typed this price has moved back up and a hammer is forming
STM - Another Push UP Say Candles, Broken Resistance, and ElliotBeen riding this pony for while and it is time to jump back in. Two Falling windows have formed, indicating a reversal is due, the top part of the patter forming resistance. Today price gapped ABOVE BOTH of these indicating the pullback failed. Note also on the move up we had four rising windows, all but the last one confirmed. At today's close, we will have the fifth rising window complete. So we have 80% chance price will go up. TSI has turned positive, Connors still below overbought threshold. Finally, I have labeled the Elliot count for this chart....which show we are in wave 5 of the primary impulse wave that started back in July. Wave three is extended, and guidelines say that when this happens wave 1 and 5 usually equal each other in terms of movement. Of course everyone knows this IoT stock has good fundamentals. The stop can be nice and tight, set just below the bottom of the gap, or just below the bottom of wave 4. Target 16.50 for long term. 15ish for mid term, which is 1.618 of wave 4
Short $STM: Short term play: today or tomorrowI believe this has overextended on earnings...no telling how far down this will fall
Pre-Market Mover PredictionOpen: $5.60
Close: $5.73
S/RSI indicates Oversold, 20.00.
The weekly chart movement is wild!
STMDaily: Continues to "look ready", SMA30 curling up. Like the Doji Morning Star reversal. Looks good here.
