II-VI Incorporated : BUY Entry: 68.57 USD Target: 94.60 USD (profit 38%) Stop: 52.80 USD Another heavily shorted share with signs of an uptrend is the technical and scientific components specialist II-VI. II-VI's shares have a short interest of about 17.5 % . With a solid balance sheet, competitive product and strong vertical markets, and a major bear market...
double bottom & resistance then.. triple top and break out!!
$IIVI #chartidea I see a strong chart with b/o and retest. Taking long #tradeidea +1 Feb 19 $75 -1 Jan 15 $90 (can sell another call after the first short leg expires)
IIVI was cited as a LONG with a strong upward trend in its trading channel, but it has since failed the support line of that channel. For this trader at least, that represented a partial-exit from the position. That is not advice, but the decision was made to shorten my position on II-VI even as it has only descended a still-significant 1.59% on the trading day...
This is merely chart work ideas and not expected to serve as hard-line advice; do your own research, etc. II-VI potential 1/2 or full-exit just over 50/s per the trade channel w/ a (POTENTIAL) Spike out of it, to the 50+ range by OCT 27-29; Closes month 50+/s This is (ALSO) not advising for an option on a call at all. It is speculating a high immediate upside...
$IIVI has been on the rise since the News it would function largely in the production of Apple 5g. A previous LONG was called while still <41 / s, and it is now hovering near 45/s. That said, an entry at this point for a mega-long still makes plenty of sense. The adjusted trend lines show the (perfect) entry and exit points within the last month: The green trend...
$IIVI is going to be bringing 5g goodness to Apple per reports; entry points still make plenty of sense: Deep stuff there, yeah, sure. Not feeling a deep dive here and exit-points to come much later after we get a few more confirmation signals but the bottom support is strong enough that this is a position more than on my radar, but already entered - if that is...
Wave 3 is visible so is hte wave 4 All we need now is a tighter box. Go long above the box high target is TZ1 Fib Exp 62% as shown on the chart