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$QCOM in Ascending Triangle $165 PT The global chip shortage is still nowhere near over, making semiconductor companies very attractive here. QCOM is my top pick of the sector as they dont only benefit from the chip shortage they also benefit greatly from the roll out of 5G. The roll out of 5G will be sped up by US investment via the infrastructure bill which allocates $65b to broadband infrastructure. QCOM’s Snapdragon 5G chip is the most cost efficient chip on the market, which should continue to be in high demand as chinese firm Huawei is still banned in the US and UK which creates market share for QCOM given Huawei used to be one of the largest 5G chip manufactures before they were banned in multiple countries. QCOM has been trading in a clear ascending triangle pattern which historically implying further upside (72.7% of the time), QCOM should be able to breakout of this pattern and move higher. Trading at 20x (FWD) PE and a 2% dividend QCOM is trading at a very fair value, with great growth prospects making it a very strong BUY for me.
NASDAQ:QCOMLong
by Value-Invest
$AMD bullish again? Here's the analysis.Hello everyone, AMD has been an outperformer since it tested the 73 support multiple time earlier this year. It broke out of a 6 months long downtrend line in 2020 November and is currently backtesting it (thick yellow line). This may indicate the strong hyper momentum semiconductor stock is ready for another powerful rally. Disclaimer: I personally hold AMD shares so this analysis is biased toward the bull side. Pros: - Downtrend line broken and currently holding the ratest - Lightning bolts price action, a classic bull flag that points toward 89-91 areas. - Tech and growth being in favor again with the easing of inflation fear. - Trading lower than my valuation of 96 - 110, note that this valuation is subjective and priced in with a high PE ratio. Cons: - R/R ratio for the trade right now is not favorable to the bull until it clears 89 - 94 resistance - Slight bearish divergence on the RSI - Change in monetary policy could have a negative impact on tech stocks again. - Market breadth across shows bearish signs as not most stocks are above 50EMA Summary: Technicals of AMD are favoring the bulls and stock outperformance has not changed for the short term. For holders: Monitor price action around 89 - 94 resistance, you should up your expectation with recent technicals For non-holders: Buy around 81 - 83 as the previous resistance areas are likely becoming support.
NASDAQ:AMDLong
by Mattyx227
5
$TSM descending triangle - what do you think? Up or down?Beautiful channel formation here but the time has come where descending triangle is forming, these are usually bearish. TSM is having problems with production due to water shortage, $MU ceo yesterday talked about how NAND demand is not necessarily as high as the market thinks. Different industry, but is this company really worth 3x pre-covid? I lean towards bullish as the 200ma approaches but the technicals on paper say otherwise.
NYSE:TSM
by AlphaJi
1
AMD has underperformed peers but not for much longerAMD seems to be the contrarian play in the semiconductor field right now so I'm going to go ahead and suggest starting a position at these levels around $90 a share. It has been outperformed by its peers to a great degree recently for no apparent reason. I assume profit-taking attributed to taking it down from nearly $100 a share. Buy under $93. Sell half at $110. It will retest the $100 level, breakthrough, and hit resistance at about the $110 level from profit takers. Slight chance it has more legs than that but I'd say $110 is a fair price target for this stock. The SMH is up 11% in the last month and a half and AMD is down nearly a percent. Easy 10% return on this trade if not 20% if it hits my estimated price target.
NASDAQ:AMDLong
by EBITDAtiger
6
ATOM Sign Joint Development AgreementAtomera and Market Leading Semiconductor Company Sign Joint Development Agreement for Use of MST in Future Devices. entered into JDA with a leading semiconductor provider for integration of Atomera's Mears Silicon Technology (MST) into their silicon fabrication process. Atomera's MST is a patented, quantum-engineered material that enhances transistors to deliver significantly better performance in today's electronics. New collaboration will leverage Atomera's transistor enhancement technology to develop improvements across the manufacturer's production lines finance.yahoo.com
NASDAQ:ATOM
by AlenCiken
2
Elmos : the next giant in the semi conductor industryHello there, This chart is heavily based on fundamentals and we will talk about it: Elmos is about to go big. I mean really big and this is related to the automobile market. As the automobile market evolves, so does its functions and use cases to. Electrical/ Hybrid cars are a thing now, and there's no doubt that the semi conductor market is going to explode, just because of supply/demand. While I was working on an application, I stumbled upon an Elmos product. Prior to this I never heard of it. They created a chip that is incredibly intelligent and works very well with drivers, allowing you complex functions that you usually need other components to do such as : PWM, PWM shifting, timeout mode, output gains, amplifiers, reductors, derating, and 16-32 outputs : ALL IN one component. This is revolutionary, and its going to be massively used in vehicles, airplanes, trains. It's already picking as we can see on the chart. I expect a dump towards 16-19$, this will be my buy area Best regards
XETR:ELGLong
by Zebre_Trader
Micron Technology Inc. (MU) Boosted by AMD + Demand ZoneHave not played MU or SMH traditionally, but it's been one of the steadier semi's going into late January, and has not been affected by NVDA's weak guidance update. Has been working through an ascending channel, and now appears to be breaking out of a bull flag, supported by a demand zone. Targets have been mapped, but expecting 40+, settling down once it reaches the 200dma (currently at 46.18). I'd set a stop around 37.50.
NASDAQ:MULong
by axelroark