Skyworks Strong Upside Momentum
Updated
SWKS Strong Upside Momentum
Technology sector and the Semiconductor industry are on a strong upwards momentum
Expecting the price to continue upwards with the current price action.
Technical Analysis:
- Price rejected by 50EMA
- Followed by a very bullish confirmation candle
- Stochastic entered the oversold zone have reversed
- Strong sign of momentum via relative strength
This is a typical textbook setup with clear higher highs and higher lows.
Technology sector and the Semiconductor industry are on a strong upwards momentum
Expecting the price to continue upwards with the current price action.
Technical Analysis:
- Price rejected by 50EMA
- Followed by a very bullish confirmation candle
- Stochastic entered the oversold zone have reversed
- Strong sign of momentum via relative strength
This is a typical textbook setup with clear higher highs and higher lows.
Trade closed: target reached
Happy profits :)
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