Semis for the comebackThe semiconductors ETF NASDAQ:SMH is already making new highs, NASDAQ:NVDA is looking great again and NASDAQ:AMD is near a pivot buy
But I'm looking at these two stocks, NYSE:ONTO and NASDAQ:MTSI , both are making a double bottom pattern and haven't breakout yet
The thing is that NYSE:ONTO has been outperforming NASDAQ:MTSI since 2021, so depending on what happens this week I'd be more or less aggressive with $ONTO.
MTSI
Trading Idea - #MTSI - Insider SellingSELL!
Entry: 69.32 USD
Target: 60.00 USD
Stop: 72.57 USD
MTSI designs and manufactures analogue semiconductor solutions for use in wireless and wireline applications in the radio frequency, microwave, millimeter wave and light spectrum for the international market. The company offers a portfolio of standard and custom components, including integrated circuits, multi-chip modules, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems.
- MTSI's share price has reached the all-time high (69.00 USD) of February 2021. A double top may be forming.
- However, the strong insider selling is remarkable. Apparently investors want to make their profits at this ATH level. This is usually a sign of falling prices.
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.
Mocom Technology Holdings - Galium fishingWhat's not to love. Buying into telecom/cellular, defense tech, big data processing with equal sectors. Self-driving cars will need,
but market still extremely small. 5 yrs. from now, not so much. Buy and hold.
Won patent suit in 2017 to protect GaN chips, which run 80-100x faster than silicone chips and they can make them for same cost.
STM needed to partner with them to prevent more patent litigation, so STM is now their distributor and making MTSI chips as well.
Fast chips will allow 5G cybersecurity improvements for all 3 arena's as newer chip technology.
Technical view: Below 786 fibretracement from recent drop after some BIG DOG $$$ got scared from US-CH trade wars. This is
almost as good as NVDA and AMD before their recent runs. Would love to see a double bottom here....
You're welcome on this one. Been looking for GaAs, GaN chip manuf. with patents and new partnership gives this. No seriously,
you're welcome. longbuylongsell @MarxBabu add Woody's CCI here on 4h chart with Fib Retracement (scroll back).
MTSI -Upward channel breakdown short from $59.13 to 50.2/ $34.33MTSI formed a long upward channel in weekly frame. However, It seems getting toppy. So we think it has good downside potential. And if it can breakdown the upward channel it can go al. the way down to $34.33
* Trade Criteria *
Date First Found- July 18, 2017
Pattern/Why- Upward channel breakdown (weekly frame)
Entry Target Criteria- Break of $59.13
Exit Target Criteria- 1st Target $50.23, 2nd Target $34.33
Stop Loss Criteria- $62.83
Please check back for Trade updates. (Note: Trade update is little delayed here.)