SOXL - An interesting proposition TAKENGiven a heads up from a friend some time ago, SOXL was closely tracked and position taken at 14.80 (white arrow).
There was immaculate synchrony on the weekly and daily charts, as it fell in a falling wedge. The weekly technical indicators turned as the weekly candlestick hinted of a possible trend change.
The daily technical indicators similar in sync and a break above the HULL moving average also coincided to a breakout of the wedge.
Looking for a move to 32. A very good amount of space, over the next couple of weeks.
Semiconductor
Bottom in SOXL is in?Arguments pro a bullish scenario in $SOX / $SOXL:
We have reached the 78.6 % fib retracement in SOXL
According to the seasonal chart from the last ten years (see the SEASONAX screenshot at the top), in 9 of 10 cases the $SOX had made a bullish move from the 17th of May until the 8th of June
At some point, the semiconductor shortage must affect the prices ...
Contra arguments:
$DXY is rising / interest rates are going up
... anything else?
I can't see any significant arguments standing against the bullish case in $SOXL. If you have anything - please drop a comment below!
SOXL close to a strong supportSOXL tracks the performance of the thirty largest U.S. listed semiconductor companies.
The semiconductor space is still hot, but the companies in the leveraged Direxion Daily Semiconductor Bull 3X Shares (SOXL) didn`t performed well against the inflation and raising interest rates recently.
I think SOXL is now close to the strong support of $21, pre-pandemic level, from which it can bounce to the $36 resistance.
Looking forward to read your opinion about it.
4/24/22 SMHVanEck Semiconductor ETF ( NASDAQ:SMH )
Sector: Miscellaneous (Investment Trusts/Mutual Funds)
Market Capitalization: $ --
Current Price: $234.73
Breakdown price (hold below): $237.35
Sell Zone (Top/Bottom Range): $241.85-$261.90
Price Target: $206.40-$204.00
Estimated Duration to Target: 67-72d
Contract of Interest: $SMH 6/17/22 200p
Trade price as of publish date: $4.35/contract
AMD (Advanced Micro Devices) - Bullish Momentum at Support - 4HRAMD (Advanced Micro Devices) stock price has reached a Support zone above $100 for the fourth time this year.
Bullish momentum is also building in the MACD indicator.
Entry (long): $103.72
Take Profit +12% (exit): $116.24
Stop Loss -6% (exit): $97.43
Note: this chart setup could be overridden if the Nasdaq and major Tech Stocks pullback down this month.
Essentially, support price needs to hold above $100 for AMD stock to potentially rally up.
All content is Not financial advice. Trade at your own risk.
NVDA triple bottom on the 1hrNVDA with a massive triple bottom on the 1hr , also the last time the MACD was this low and about to cross we jumped from 210ish to 270 in 7 days.
Both RSI and Stoch are heavily oversold and are about to fly back to the upside. Assuming we are beginning to consolidate while using a fib ext we could see a bounce up to the 300 to 320 mark in the coming days, weeks, to say the least I am super bullish on NVDA right now. With ongoing semi conductor shortages clogging up the market I only see prices on things like gpus to rise, this will reflect very well on the balance sheet and will allow a lot more industry volume to funnel right into the hands of the giants like NVDA...
AVGO - Underrated titan in vulnerable spot
Three lower lows and lower highs ---
below VWMA (early) -
Decreasing volume --
Bearflag setup on daily ---
Good volume in the demand zone ++
IF market shows strengths next week, possible that it tests 625 zone, where it runs into big supply. Breakdown there could slide this to recent low near 500.
3/27/22 GFSGlobalFoundries Inc. ( NASDAQ:GFS )
Sector: Electronic Technology (Semiconductors)
Market Capitalization: $42.208B
Current Price: $78.94
Breakout Price (hold above): $77.05
Buy Zone (Top/Bottom Range): $74.35-$67.40
Price Target: $90.20-$91.60
Estimated Duration to Target: 40-43d
Contract of Interest: $GFS 5/20/22 80c
Trade price as of publish date: $7.80/contract
3/27/22 MRVLMarvell Technology, Inc. ( NASDAQ:MRVL )
Sector: Electronic Technology (Semiconductors)
Market Capitalization: $63.051B
Current Price: $74.37
Breakout Price: $75.15
Buy Zone (Top/Bottom Range): $71.80-$65.10
Price Target: $79.80-$80.80 (1st), $86.20-$88.00 (2nd)
Estimated Duration to Target: 30-32d (1st), 58-62d (2nd)
Contract of Interest: $MRVL 4/14/22 75c, $MRVL 5/20/22 80c,
Trade price as of publish date: $2.80/contract, $3.05/contract
3/27/22 NVDANVDA Corporation ( NASDAQ:NVDA )
Sector: Electronic Technology (Semiconductors)
Market Capitalization: $695.069B
Current Price: $276.92
Breakout price: $283.50
Buy Zone (Top/Bottom Range): $261.80-$240.50
Price Target: $314.80-$316.90
Estimated Duration to Target: 54-62d
Contract of Interest: $NVDA 5/20/22 300c
Trade price as of publish date: $11.65/contract
NXPI exposure to ChinaThe U.S. warning China it could face devastating sanctions if it defies the ban on doing business with Russia!
This is a move that could have huge impact on American companies.
38% of NXP Semiconductors revenue comes from China.
My price target from NXPI is $134.
Looking forward to read your opinion about this.
SOXL bearish double top*disclaimer*
I haven't published anything outside of the crypto markets publicly. However, I have had my eye on SOXL, Direxion Daily Semiconductor Bull 3X Shares ETF.
I originally thought that earnings for NVIDIA were going to boost the asset and asset class, however it seemed to me the night before earnings that the earnings call was already priced in.
Looking at an 8 hour hollow candle chart here going back to fall 2021 makes the picture a bit clearer for me (when in doubt zoom out).
SOXL did a bearish double top between late November 2021 and early January 2022. And now volume is kicking up heavily on the sell side. Especially when current volume is compared to moving average for volume.
If the NVIDIA earnings call wasn't enough to lift, and rumors about auto manufacturers continue to slip in through the cracks, I see plenty of downside correction left for SOXL.
That being said, this is part technical and part "buy the rumor, sell the news" analysis and I will keep my eye on this sector which has been outperforming.
SOX PHLX Semiconductor Shortage won`t be solved anytime soon !!Secretary of Commerce Gina Raimondo:
“The semiconductor situation is going to take a long time to fix”
“This is one I feel confident saying it's not going to be fixed in a month or two, or six, or 12 months.”
For now PHLX Semiconductor (^SOX) is oversold and we can see in the chart what was the price movement after the last oversold area.
I expect to be the same now, since the semiconductor shortage won`t be solved anytime soon.
My price target is 3730.
Looking forward to read your opinion about it.
🤩MU Micron Technology, Inc. Technology | Semiconductors |🤩😱Multi Year breakout worth a watch NASDAQ:MU
Micron Technology, Inc. is an American producer of computer memory and computer data storage including dynamic random-access memory, flash memory, and USB flash drives. It is headquartered in Boise, Idaho. Its consumer products are marketed under the brands Crucial and Ballistix.
FRONTKN near term resistance at 4.00High demand and shortage of chips in the semiconductor industry will further drive technology sector higher. FRONTKN in our watchlist given its good quarter results and our BMS chart signals are still bullish. Near resistance would be the first Resistance pivot line at 4.00.
12/12/21 RMBSRambus, Inc. ( NASDAQ:RMBS )
Sector: Electronic Technology (Semiconductors)
Market Capitalization: 3.156B
Current Price: $28.86
Breakout price: $29.30
Buy Zone (Top/Bottom Range): $28.50-$27.00
Price Target: $29.70-$30.20 (1st), $30.70-$31.20 (2nd), $34.40-$35.60 (3rd)
Estimated Duration to Target: 18-19d (1st), 39-41 (2nd), 104-110d (3rd)
Contract of Interest: $RMBS 1/21/22 29c, $RMBS 2/18/22 30c, $RMBS 5/20/22 30c
Trade price as of publish date: $1.20/contract, $1.30/contract, $2.20/contract
LG Display is Looking UndervaluedFundementals:
P/E ratio at 3.5
OLED Sales gonna be higher since the holiday season
LCD Prices remain high
LG beat Q3 expectations
OLED growth going to be lucrative as LG position itself as the leader.
Technicals:
14day MA cross 50 Day MA
Bullish Reversal Pattern Formation
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.
$NVDA: Scoop There It Is ⤴️Recent political environments regarding Taiwan Semiconductors have highlighted the world's economy's need to wain from the dominance of TSM in the semiconductor manufacturing process, I think a great deal of money is going to come into NVDA both private and government as the US seeks to retain harmony with political rivals. This could greatly benefit Nivida's market cap, the stock has also shown how effectively it can move in massive cycle's so timing a perfect entry could be difficult through this range, but try scaling in and keeping your cost basis as low as you can.
EMAN 2023EMAN should "in theory" act as MVIS did during is run up. Looking for a test of the spring in the next few months or a continuation of the chart below