$MXL is a candidate for a new uptrend. there are good news coming for this company. watch for a breakout of $28.70 12 months Consensus Price Target: $26.5 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
Entry. $57.08 S/L $54.25 TP $63 12 months Consensus Price Target: $51.97 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
$INTC is getting ready for a breakout. $62.13 is the critical resistance to get above. Watch RSI break out as well. if you find my charts useful, please leave me a "like" thx
✨ We provide charts every day ✨ Like and Follow to help us grow family! 🎉 --- Yo fam, happy Sunday! Our Momentum Mover strategy has slayed it on AMD over time. We got a long exit signal back in March ensuring we locked in gains. The next step is to find a long entry to join back into this epic run. --- STRATEGY USED: Momentum Mover Trend Confirmation =...
It looks like #Advanced Micro Devices is forming cup w handle. $58.63 is the breakout resistance.
$NVIDIA is getting ready to break out. Forming cup w handle.
#AdvancedMicroDevices formed H&S bottom and broke the resistance out. The target is now $59.27
After brokeout the daily 50SMA pulled back and holded above. It has been for 4 days above 50SMA which is a good signal to be long.
Just hit the resistance. Needs to get above 50dayMA with high volume
Possibly Overbought at $36, but the 200 day plus positive trade war atmosphere should protect $29-30 levels. After that, we'll see if the uptrend can push through resistance with a bounce from $31 into possible new highs.
AMD: a Momentum stock with decent fundamentals. Forward-looking PE is still ~35 but that never stopped the FAANGS from reaching stupid valuations. Chip stocks took it on the chin this week after Broadcomm tanked the sector on sentiment selling. IMO the street will quickly forget about it and buy Mo-Mo. FOMC dot-plot and Powell speech will set tone for the...
Looks like a bullish flag. If we start to squeeze shorts there is definitely some upside potential. Keeping an eye on momentum indicators.
Applied Materials fell hard on guidance today. Did AMAT stock get put on clearance sale with the drop? Whether or not the stock deserved to fall almost double-digit percentages on the day is subject to debate, but the important thing is it fell to a very strong support level - and the tech story continues to look good. Thank you for for lending me your...