Semiconductor
AMD over 88.72Shown here on the weekly view, it made a higher weekly high confirming a weekly breakout. Lots of eyes on this one and large order flow, 6th most bullish by volume on CheddarFlow with 195 orders totaling $25.2m. But as its been faking us out recently, a break over October's high to confirm a monthly breakout is a more conservative entry. Most institutional orders are for 12/18 strikes 85-90, or 12/15/21 strikes 95 and 100.
TSMC Breakout: Powering the AI MegatrendAfter consolidating for 2 months, this semiconductor powerhouse finally broke out to new all-time-highs from its rectangle yesterday. With most tech stocks still recovering from the correction of the last 2 weeks, such a move signals strong underlying momentum.
TSMC counts the world’s biggest tech companies as its customers - Apple, Intel, AMD, Nvidia, Qualcomm, etc - and arguably underpins much of the world’s tech boom and AI megatrend.
Part of the fuel for the breakout came from Apple’s new iPad Air announcement yesterday, utilizing their latest A14 Bionic, the first consumer chipset to run on TSMC’s most advanced mass production 5nm process.
This is one stock you’ll want to own for the long haul.
$ATOM Breaking out $ATOM forming a rounding bottom with a handle/pennant at the top as it retests 52 week highs. Very bullish this stock long term as it has speculative technology in semiconductors that could really boost top line of this small company. You can see after recent ER real volume came into the stock. I love that action and am looking for continuation. Stay long stock here, options spread is too wide for me.
Maxlinear $MXL$MXL is a candidate for a new uptrend. there are good news coming for this company. watch for a breakout of $28.70
12 months Consensus Price Target: $26.5
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How to Trade the Tech Cold War? BIG SHORT?
FA:
Global supply chain issues have made the logistics of semi-conductors even more complicated; thus we can expect rising costs and lower profits
The Tech cold war between USA and China if led to Chinese retaliation may lead to US semi-conductor companies being hit hard the most as China contributes to 60% of the market demand of semiconductors
Skyworks Solutions is predicted to release a decline in earnings for the period ending in June 2020
Decrease in Hedge fund interest when you analyze portfolios
TA:
Perfect Gann Set up, with the second pull up providing a perfect shorting area with the Stop loss being defined outside of the Gann area
You can book profits earlier, but when trading with Gann , you usually book profits at the point where there is a bullish crossover which is when it crosses above the 1/1 region.
-Megalodon Whales (Rahim)
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The KLCI almost tracks in parallel to the S&P to the fit!Instead of using the DJ Index to correlate to the KLCI, I now use the SPX, Standard and Poor Index to forecast next day market performance.
I also use such indexes, in this case, the NASDAQ to learn what sector/Industry would be my Thematic Trend!
Malaysia is fortunate to be a significant semicon manufacturer player comparable to Taiwan, Japan, Korea and now, China a minted player but still needed to import its consumption demand from it neighbouring Asian manufacturer. The Chart do show Technology might be the next wave to play.
ADVANCED MICRO DEVICES ($AMD) 💻 | New all time highs!?👨💻 AMD has been making advances in technology, earnings, and pure bullish price action on the whole. Despite some consolidation recently and the chance of more consolidation in the near-term, we still see upside potential for this titan of chips.
Support.
The S1 bullish S/R flip is a key support level for the bulls. Although rejection at this level could lead to "bearish" consolidation as indicated on this chart, we don't think this alone will jeopardize the uptrend. If we do go that direction, the S2 S/R flip and order block cluster should see a reaction and could present an excellent buying opportunity assuming we see continued strength in tech. Below that we have S3, which is a support of last resort.
Resistance.
The R1 orderblock and S/R flip cluster at the previous swing highs are bound to act as resistance unless the bulls can blast through it here. If breached, it then could become relevant as support. Meanwhile, the R2 bearish orderblock formed from the previous All-Time-High swing high is our next level of resistance after R1.
Summary.
AMD bulls want to see sustained momentum not only in AMD, but in tech as a whole. There is a pathway to a new ATH here, but any faltering and the odds of seeing consolidation, perhaps all the way into July 28th earnings, then becomes likely.
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KLA Corp $KLAC clearing its old high$KLAC broke out yesterday. It is cleared both buying point and the pivot resistance. It broke RSI downtrend line too. I would expect higher volume though. Watch for upper trendline resistance.
12 months Consensus Price Target: $180.82
if you find my charts useful, please leave me "like" or "comment".
Please don't trade according to the ideas, rely on your own knowledge.
Thx
Semiconductors & Hashing-Rate Correlation StudyThere are long periods of positive correlation between average bitcoin hashingrate in gigahashes/second and performance of major semiconductor ETFs like SOXX and SMH
As hashing and computing power in general shows massive increases in demand there are only a few companies that have the materials and knowledge to produce 'rocks that think' aka processors and other computing components made of earth metals and silicone.
When I see big printing bars in hashing power but 'divergence' in correlation I may consider adding to semiconductor positions via options on semiconductor ETFs and computing component companies like INTC, AMD, NVDA, and the like as it means someone went out and made a huge investment in processing power in order to make a 'blip' on the hashing map but the ETFs are reflecting a downside move. This divergence between correlation of hashing rate and semiconductors displays a market inefficiency in the expectation for demand of semiconductors and actual demand for semiconductors. This divergence is an opportunity for us to capture in my estimation.
I hope this makes sense and helps your own analysis
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