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Semiconductors

Its $STM turn to outperformWhenever I find two stocks acting well I always want to buy the best but, how to know this? Both are forming a shark pattern in the weekly chart, and both are from the same industry, semiconductors. So how to choose? For me, a simple ratio will do it. It will show which one is outperforming the other. In this case NYSE:STM is being buyed more aggressively than NASDAQ:MCHP . I'll wait for the breakout above $51 to get in and use the previous weekly lows for the stop loss. The thing is that if STM breaks out but NASDAQ:MCHP then something might be wrong. Always keep an eye on how related stocks behave.
NASDAQ:MCHPLong
by dpuleo19
$MCHP Technical Analysis: Stock at Yearly and Monthly HighsYearly High Stock price is at yearly highs. Monthly High Stock price is at monthly highs. Above Bollinger Band Price is above the upper 14 day bollinger band. This is mostly a reversal signals as price has overextended and might come down. Pivot Machine Gun (PMG) When price makes continued highs for 5 days. This is a bearish reversal signal only if price starts to break the low of the last day's candle. Pocket Pivot The volume on the green candle today was higher than the volume on any red candles over the last few weeks. This can signify institutional accumulation. Parabolic Rise The stock has stayed above the upper bollinger band for 3 straight days. Stochastics Overbought Stochastics value is above 80.
NASDAQ:MCHPLong
by ImmaculateTony
$ON Technical Analysis: Yearly High Close, Trendline ResistanceYearly High Close Price is close to the yearly highs. Trendline Resistance Daily price is touching a trendline resistance level. Price can hit the resistance level and start going down, which would be a bearish signal. It can also break out of it to form a breakout, which would be bullish. Pivot Machine Gun (PMG) When price makes continued highs for 5 days. This is a bearish reversal signal only if price starts to break the low of the last day's candle. Pocket Pivot The volume on the green candle today was higher than the volume on any red candles over the last few weeks. This can signify institutional accumulation. Stochastics Overbought Stochastics value is above 80. Wedge Descending wedge. These are calculated base on last 3 monthly candles. Therefore, they are best visible on the monthly and weekly chart. $ON 3/17 Bullish
NASDAQ:ONLong
by ImmaculateTony
SOXL Watching for Bounce at Resistance On the 15M chart, SOXL and price are approaching the resistance zone at 13- 14.5 While it is possible that resistance could break, the pattern of the past two months is that it will not. Accordingly, instead, I will watch for a reversal bounce off resistance for a swing trade short to the downside targeting the point of control line ( dark green ) inside the green support zone as the final target with the anchored VWAP ( black line now at 9.25 with the first target being the VWAP ( black line ) and the second target one standard deviation below VWAP ( light green line ); Overall taking off one-third of the position at each target and expecting 30% overall over about two weeks. An alternative is put options with 4 weeks expiration at $14.00 and another is to take a long trade on the inverse ETF SOXS.
AMEX:SOXL
by AwesomeAvani
4
rising wedge semiconductor longshort semiconductors are on the verge of breaking down, and basically if we stay over 12.20 soxl im aiming for daily gap close, or near 12.86 . if we break this ascending tightening range to the downside and more or less double top 4hr resisting from top of envelope, around 12.30s or lower, im looking toward 15 minutes demand zone in low 11s maybe 11.30. short squeeze in semiconductors, or failed bull breakout. even if longs win, im selling rallies on the daily by buying soxs on dips to weekly lows, or new weekly lows (keeping in mind the s&p can still resist from 4000 or slightly higher/nvda can sell off $160, 162.5, 165).
AMEX:SOXLLong
by cerealpatterns
5