Trade of the Year 2022 for patient traders..!
Updated
The semiconductor industry has fundamentally the strongest demand, and the supply shortage is expected to be extended to 2023.
But
The biggest companies in this industry have experienced a double-digit correction or have entered the Bear market(Correction>20%)
Look at their charts:
NVDA is down more than 25% YTD:
TSM is down almost 19% YTD:
AVGO is down 12.7% YTD:
INTC is down 9.5% YTD:
TXN is down 8.7% YTD:
QCOM is down 26% YTD:
AMD is down 32% YTD:
ADI is down almost 12% YTD:
MU is down 22.6% YTD:
MRVL is down 30.5 YTD:
In most cases, there is room for further price decline..!
Although a further decline is likely, we should monitor them closely, because a rebound could be the trade of the year if you use SOXL..!
I am almost confident a triple-digit gain is brewing in SOXL, however, you shouldn't get excited and jump the gun soon, let it go lower..!
I will publish the analysis whenever the reversal pattern forms..!
Education:
Charlie Munger:" you need patience, discipline, and an ability to take losses and adversity without going crazy."
If you think I don't know what I am talking about, check this:
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
But
The biggest companies in this industry have experienced a double-digit correction or have entered the Bear market(Correction>20%)
Look at their charts:
NVDA is down more than 25% YTD:
TSM is down almost 19% YTD:
AVGO is down 12.7% YTD:
INTC is down 9.5% YTD:
TXN is down 8.7% YTD:
QCOM is down 26% YTD:
AMD is down 32% YTD:
ADI is down almost 12% YTD:
MU is down 22.6% YTD:
MRVL is down 30.5 YTD:
In most cases, there is room for further price decline..!
Although a further decline is likely, we should monitor them closely, because a rebound could be the trade of the year if you use SOXL..!
I am almost confident a triple-digit gain is brewing in SOXL, however, you shouldn't get excited and jump the gun soon, let it go lower..!
I will publish the analysis whenever the reversal pattern forms..!
Education:
Charlie Munger:" you need patience, discipline, and an ability to take losses and adversity without going crazy."
If you think I don't know what I am talking about, check this:
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Note
3 days ago I published this..! 
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