SOXX 5smaNotice how the 5sma has been resistance for the SOXX for the past 12 trading days (red oval).
This tells us that short-term, SOXX has to break the 5sma to get out of its current down-trend.
The purple line is the 50sma, which is now also resistance, as we crossed below it, and is now touching the 5sma.
Chips
UTZ Chips love um CCHwell one more Spac. that i Like feel its a long term hold. like the BB bands consolidation also holding above MA.. this should IPO I imagine have a run into low 20's.. UTZ$ have 300 warrant looking to add a couple leap calls..
AMD Goes Poof - Stockmarket Crash 2020 - Media Made FOMO - SELL Charts are fun. A clear depiction of what is coming but people choose to ignore. Because..., hopium. The profits were made well in advance of this low volume blow-off top. Media and the massive reach of social media advertising. So fun. Those Tesla and AMD clips travel so far and fast. Best invest, right!? 11 year olds are now..
SELL SELL SELL (Look at the montly RSI at 90: INSANITY)
Eject!
The constant market pumping needs to stop. It ends bad for 99% and will not help our economy in the long run. It will actual ruin lives. Sad stuff Mr. President.
Taiwan Semiconductor guidance crushed Street estimatesI saw a couple articles this morning suggesting that maybe TSM sold off today because forward guidance disappointed Street expectations. That's nonsense. Revenue guidance came in about 7% above expectations, and earnings guidance came in about 15% above Street expectations. This company's guidance crushed it . The stock sold off for one reason only: it is overbought.
TSM does look a bit pricey, even with the strong guidance for Q3. Even after factoring in the strong forward guidance, I am calculating forward P/E at about 21 and forward P/S at a little below 8. That's about 20% more expensive in forward P/E terms and 34% more expensive in forward P/S terms than the stock's average valuation over the last three years. In this challenging macroeconomic environment, that seems like an unreasonable valuation. It's a reflection of how inflated tech valuations have gotten due to Fed liquidity and investors piling into tech as a safe haven.
Having said that, TSM has an extraordinarily strong growth narrative right now, as the company is set to take over chip production for Apple. Formerly Apple's chips were manufactured by Intel. TSM also makes chips for Qualcomm, among other large companies. Thus, I think TSM will continue to outperform the Nasdaq and is a buy on any significant pullback. Ideally, I'd like to see this stock pull back to the volume node near $53.50 before buying, but in truth I don't see that happening any time soon.
INTC : overextended wave 5 possibleMajor support has been tested multiple times around $45. Should it fail, with Wave 3 being less than 1.618, wave 5 tends to overextend itself. Targeting a price point of $35 - $33 to look at building a long position to capture a relief bounce for Wave B of the ABC correction (5-3-5) I’m leaning towards.
Trend lines to watch on SOXXSOXX is near its first buy level at the upper blue trend line. I am taking a small position here, and I will triple the position if it reaches the lower blue trend line. SOXX is a great investment to buy and hold for the long term, having pretty consistently outperformed the S&P 500. However, coronavirus is a real concern, because semiconductor companies sell a lot to China and the virus is disrupting that trade. I think there's a good chance this will drop to at least the second trend line.
German chips for a nice futureRecently we have a good outlook for chips globally, we saw TSMC perfoming pretty good today so i was looking for another good oportunity and found Infineon to be a nice choice. They have a good Portfolio with chips for AI, Cars and post quantum Cryptography so there is a good market for this.
On the Chart i see a small dip which could provide us a save entry and a bigger Gap, which could lead to great profit if we fill it soon (not so save entry).
So i'll buy some 10% at market now (just in case) , another 40% at the bottom of the small gap and another 50% at the bottom of the big gap, which i would sell at the top and hold the rest for long term.
Cheers
MU strong stock trend in stronger On a yearly performance, MU did better than 77% of other electronic components stocks. Now it is currently trading near its 52 weeks high so it is performing in line with the broader markets.
On a mid-term based daily chart, we could see a strong wedge uptrend pattern with momentum, and a few minor pullbacks occurred due to some broader geopolitical impacts such as the trade war and global 5G development uncertainty. But the stock is kept showing higher lows signaling the investors' passion for it.
MU is about to consolidate at the 56.8 support level which is lying underneath the price as the chart indicated above. Since the ATR volatility risk has not packed in too much yet at the current high, DMI overall trend indicator is still heading up and bull-side trend strength is still controlling the directional momentum, I would go long with it. My target is simply at the prior all-time high resistant area which is indicated by the red band above the stock price roughly at 60, any pullbacks that break below its bollinger bands middle band could be seen as a stop-loss trigger.
Besides, on the order flow side, there were over 2.9 million valued long calls detected from the options chain today with a strike at 60, expire in March.
AMD "in lisa su we trust" lolSemiconductors rallied after news the U.S. will remove currency manipulator tag from China. Trade tension between the U.S. and China has been easing which likely to give another boost in the chips industry. Among those 137 stocks, AMD outperforms 97% of them. Currently, it is trading near its 52 weeks high and however S&P is also trading near new highs, which makes AMD's performance in line with the market.
AMD is currently showing a bull flag pattern. There was a flag pole right left to its first bar as the chart shown, after a consolidation AMD appears to have broken out from the first bull flag pattern. And now it seems has been shaping another bull flag pattern with a consolidation range which is indicated above(support roughly at 47.6 and resistance roughly at 49.1).
The outside range indicated by red lines were the expected move that options market priced in for this week, means we are supposed to be inside of this range with 3.05 higher or 3.05 lower of AMD and it should stay in this range about 68% probability of the time for this week.
ATR indicator is about to trend downside means the risk of the stock starts to be compressed and consolidation may need. So I think the stock will come back to test the upper edge which is the breakout area roughly at 49.1with a few sessions moving forward then once the momentum been fueled it will break out to show another bullish trending to upside.
Besides, the overall trend indicator DMI is heading upward as the long trend strength(blue line) is still dominating the directional momentum. And today there were 174.42K, 186.93K, 136.71K with strikes of 49.5, 48, 55 long calls bets set on Jan, Feb 14th and Mar respectively which also is signaling the quite bullish view from the investors.
So I will consider buying a pullback until the price edging close to the lower edge of the orange line as a second entry and target a 55 stop gain for this setup.
Intel bulls are betting on a breakoutIntel options interest is highly bullish today as call-buyers bet on a last-minute trade deal ahead of the December 15 deadline for new China tariffs to go into effect. Intel is definitely one of the safer bets in the semiconductor space, with a 9.5/10 analyst summary score and an attractive P/E of just 13. The stock's valuation is rated 95/100, or extremely undervalued, by S&P Global Intelligence. Intel pays a dividend of over 2% and may be a good buy-and-hold stock for 2020.
TXN - Analog Chip maker investing in new technologyTXN shows a cross-over on MACD at Fibonacci Retracement 0.500 and on 1 hr. chart likely having a short dip below $97 entry area. Recently increased their dividend nicely over last 5 years as well.
Been watching them invest in R&D and they have chips in growing markets for 5G, automotive, communication and industrial.
In the last 12 months, TXN has returned all of free cash flow back to shareholders and increasing the dividend by 24% and repurchasing another $12B in its own stock.
Investors come to own conclusions. More VIX challenges ahead on the short likely. $US still holding.
Poistive divergance low and high in the dialy chart , target 29$i know that many are so bearish in the Semi and the Chips but this chart is so bullish for me , buy the dip even with bad earning and be patient with your trade hopefully earning will not be too bad today so lets see
double bottom on the chart with higher low in the indicator, lower high in the chart and higher high in the indicator
AMD - Shows Bullishness!Dear Traders,
After the fiasco at NVDA (lol) A lot of new investor are looking more and more into AMD which is it's direct competitor.
AMD is showing a lot of potential. RSI and MACD Histogram showing bulls are in power and price action reflects that. Looking at where the price is located I see its just under the 100 moving average (located at 20.74$) which means the bulls are entering resistance territories. They will have to break it to add some momentum and create a run. If the bulls succeed in doing so, their next resistance area would be located around 21.71$ and 22.24$ after that (200 moving average).
My Histogram shows a second green bar and a bullish divergence, which is a buy sign to me. I'll wait for confirmation. I'm looking for a good spike in volume because we will need it to create a higher high.
Let's see how this will playout on Monday. Knowing that NVDA dropped 18% ( and will drop a bit more imo), I wouldn't be surprised AMD will get more investors and bots.
Keep your eyes on the charts!
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Macon Tech up strong after Zacks Strong Sell - what gives??MTSI has some cool chip technology and beaten up like most tech stocks in US-CH trade war saga.
Zack posts strong sell prior to MTSI have strong upward climb today after missing Q4 Rev. targets. Acquisition candidate>>>? What gives??
Zacks Investment Research, Inc. downgrades MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC from HOLD to STRONG SELL.
BY Investars Analyst Actions - private
— 2:10 AM ET 11/14/2018
On November 14, 2018 Zacks Investment Research, Inc. downgraded MACOM TECHNOLOGY SOLUTIONS HOLDINGS INC ( MTSI ) from HOLD to STRONG SELL.