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IIVI

Trading Idea - II-VI IncorporatedII-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 bottoming out, it is time to consider buying this stock. Currently, IIVI's 2021 shares are down 45% from the all-time high in February. The secondary signal is the confirmed doji hammer from October. The trend reversal is thus gaining validity.
ILong
by Traderherz-Analytics
II-VI Fails Support Line of Trend: Outlier or meaningful?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 (MON). If II-VI returns to the channel within a trading day or two, this could just be an outlier and not statistically significant: The relation would be to the overall downward trend of the S&P 500 itself, which suffered a miserable Monday and is showing some signs of further weakening, even. This is not just to sound some doom alarm, but the overall buyer confidence throughout most market sectors is low, even with IIVI playing a massive role in Apple's 5g networks. The strength of this stock longer-term could still be immense, but it just failed the support line. Happy trading. -BDR Post Note: 3 links to previous Ideas Re: II-VI present here.
IShort
by BDRTrigger33
II-VI Target Defined: 50.08 EXIT-POINT? Realized by OCT 28?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 for this as a potential take-profit point w/ entry having been initially made at 40/s. The 25% ROI will be nice if realized. Thanks, GL, and so on! -BDR
ILong
by BDRTrigger33
2
$IIVI II-VI Proving Stronger than Anticpated, Even$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 should provide some guidance again if it breaks the NEW-upper resistance-point. See related Idea from OCT 2nd for additional info Re: II-VI. What we are watching now is to see if it begins some sideways trading action as it reaches a mid-point of the (more-narrow) new green channel. There is a sense this could reach another level/equilibrium point which really only does one thing: leaves open a massive buy-window before the next rise. Presumably so, at least.
ILong
by BDRTrigger33
IIVI the NICE LONG you didn't know you needed$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 advice, it sure is etherial advice. IIVI LONG, without any of the TA to support why I Think so: That's an easy way out, for now. GL n HAPPY TRADING, BDR. ALSO: This absolutely was a MOTLEY tip. LT, it's very nice - most of their choices are. More later surely, but this is a 1st touch on IIVI for now - w/ no link to APPLE news but the Citation (b/c yes) of MOTLEY as the tip source.
ILong
by BDRTrigger33