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Semiconductors

Is Broadcom Seriously Oversold?Broadcom steadily advanced since the beginning of the fourth quarter, and now it’s had a dramatic pullback as sellers shred the Nasdaq. The first pattern on today’s chart is the level around $544. It was a low on November 26 and again on December 2. Traders may look for it to provide support again. Next, AVGO is oversold by at least two measures. Stochastics dipped even lower than their bleakest readings of 2020. Our Distance from MA script also shows price under the 50-day simple moving average (SMA) by 9 percent. It's the furthest since April 2020. Speaking of SMAs, the chip maker is back below its 100-day SMA. The last time it touched that level marked the beginning of a sharp rally. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:AVGO
by TradeStation
All the relevant levels on TSMTSM is the most significant and more relevant chip manufacturer in the world. Probably you have one of these chips in the computer you are using right now or maybe in your car. With all that said, let's take a look at the most important levels on the current chart. * Yesterday (13/01/2021), TSM made a new all-time high (ATH) after 307 days of corrections inside a flag pattern and a decline of 24.33% * Flag patterns are continuation structures; this means that after the breakouts, we tend to observe new impulsive movements in the same direction as the previous one. What we will do now is explain possible bullish and bearish resolutions based on the levels we have: BULLISH SCENARIO: The price has 3 levels we can use to consider closing positions: First fibo extension, cloned channel, second fibo extension (useful for swing and position traders). Assuming the price replicates the previous impulse that started in April 2020 and finished in February 2021, we should expect a movement of 330 days towards 204 (where the 2nd fibo extension and the cloned channel converge). Remember that when you are looking for big and extended movements you need to be open to corrections during your trade or investment (for example, on key levels) BEARISH SCENARIO: The price is not able to surpass the resistance zone created by the previous ATH, and from here we observe a bearish movement towards the next target we have, "The ascending trendline) at around 119 Thanks for reading! feel free to add your ideas on the comments ;) Have a great weekend.
NYSE:TSM
by ThinkingAntsOk
3
Is Qualcomm a durable tech stock?Hi everyone, Today we will talk about NASDAQ:QCOM , a semicunductor manufacturing company. As we saw almost all tech stocks selling off from late November through to 2022, NASDAQ:QCOM managed to stay up there quite nicely. The question to ask now: Is it lagging? Will [ symbol="NASDAQ:QCOM"]NASDAQ:QCOM follow broad tech market and proceed to a major correction? Or will it continue grinding higher? Inasmuch as semdiconductor industry is carrying world's supply chain on its shoulders, I still think we could see a correction in the stock. We've got a looming danger of Fed's interest rate hike somewhere in March-June this year. I cannot believe any risk asset such as tech stock would stand still when it happens. Putting macro stuff aside for a moment, we can see a similar pattern in the past of the stock price, where ATHs were reached, touching a rising trend resistence, which led to a rapid 26% correction and 260 days consolidation in the lower range. I strongly believe that the conditions are ripe for the same scenario to repeat. I will buy the stock after new consolidation pattern is established, preferrably near 150 level. Please let me know if you found my macro rant useful and if you would like to see similar content in the future. Trade wisely and good luck! ----------------------------------------------------------------------------------------------------------------- Disclaimer!!! This is not financial advise
NASDAQ:QCOMShort
by AyBe_Invest
2
TSM broke out but retracted belowTSM the largest chip producer just broke out from their resistance point and retracted below this point during Friday's session. Due to the shortages of 2021 those stocks are poised in my opinion for a great 2022, another point is that its not a US company and will not be affected as much as the US based companies with all of the inflation and FED announcement that are going to take place this year. I have opened a small long position as I believe the stock will push to the upside next week but I would like to know if there is something I am missing. (no financial advise just looking for feedback)
NYSE:TSMLong
by Louk_Min
1
Applied Materials Is Fighting HigherTechnology stocks have struggled this week as interest rates rise. However, the selling has mostly targeted classic “growth stocks” like high-multiple software makers. Some of the more cyclical hardware/equipment names have fared better -- including Applied Materials. AMAT more than doubled between November 2020 and April 2021. It spent the next half a year consolidating those gains. Prices tested and held their 200-day simple moving average (SMA) in October, followed by a new breakout in early November. Notice how the stock then came down to test the old highs around $145. Buyers quickly stepped in, turning old resistance into new support. Next, AMAT has made higher lows along its rising 50-day SMA and is now back above its 21-day exponential moving average (EMA). TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:AMAT
by TradeStation
1
IntelI like historical pattern of this company. This an opinion based on an article I've just read but it seems as if the semiconductor issue is simmering down a bit relative to how unsure this issue was late last year. We also see a bunch of car companies having increased deliveries as well. Although Intel isn't the end all, be all within this sector, I can see at least a retracement of about 45% of the previous high seeing how price has reached this point up to 5 times since 2018's May. Let's see what happens! They also have enough cashflow to compensate for a hike in interest rates.
NASDAQ:INTCLong
by Redimere_91