$CAN loves the shark harmonic pattern on the top and dipshark harmonic pattern:
3-4=0.38 X-3
4-5=1.6 3-4
tp1=1.6 4-5=$8.5
tp2=0.88 X-3$7.7
tp3=1.13 X-3=$5.42
tp4=2.24 4-5=$4.1
Semiconductors
Intel just popped through a resistance lineThere's some chatter in both the US and Europe about subsidizing chip manufacturing to help deal with the semiconductor shortage. That has sent chip stocks surging today, including Intel. I like Intel a lot, because it's quite reasonably valued for a chip company and has lots of plans for expanding its manufacturing capacity, which means it's poised to be a big beneficiary from any subsidies. Here are some vital statistics:
forward p/e: 12
forward p/s: 3
p/fcf: 12
forward div yield: 2.6%
patents per year per B$ market cap: 14
upside to median 4-year valuation: 8%
upside to average analyst price target: 20%
average S&P Global fundamentals rating: 70/100
average analyst score: 8/10
esg score: above average
put-call ratio: 0.9
Honestly, I think this is a long-term buy-and-hold. I had hoped for a dip to $52.20, but it looks like we may not get that low. Look for a close above resistance as confirmation of a breakout here. If we pull back and close below the resistance line, that's a signal that we may continue down to $52.20 after all.
AMD JUST BROKE A 2 MONTH SYMMETRICAL TRIANGLE!(NorCan we see 20 percent gains, yesterday was a strong move to the upwards, especially since it broke the triangle's upper trendline (notice the high volume)
Btw, I would recommend keeping ROCK on your watchlist, its on the verge of breaking out of a symetrical triangle too!
Follow and like if you like what u see :)
Buy $AMD - NRPicks 14 Mar
Advanced Micro Devices, Inc. operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Integrated and Semi-Custom.
During the week there was a clear recovery in technology, however, we consider a possible continuation of the recovery, so AMD is an attractive alternative in this regard, since it maintains an interesting upside margin.
AMD's earnings are growing at a much faster rate than its share price of late, leading to its relatively cheap valuation. $ 3.24B in quarterly revenue on your latest report.
AMD estimates that the server processor market could be worth $ 19B million in revenue by 2023, so the company has a lot to gain from increasing its market share.
- LT Deb / Eq 0.06
- ROE 62.10%
- Sales Q / Q 52.50%
Technical:
Bounce on the MA50
Support at $ 73
MACD Level (12, 26) 15.51
Average RSI levels
TOELY looking comfortable at new ATHTOELY has performed on-par with the rest of the sector throughout the Covid era, despite its OTC status and comparative obscurity for ordinary traders (70B mkt cap vs ASML, AMAT etc). Another new ATH reached just before earnings, and a rosy outlook ahead. Rising support levels still accelerating, price action above all meaningful MAs. On track for more gains towards the 135-145 target.
TSM correctionA simple observation: TSM has been tracing a textbook desending triangle following the recent ATH. Commonly considered overvalued (despite prevailing chip demand), it would surprise few to see a 10% correction down to the 103 support level.
PLAB about to finally break out of resistance zone?Hi. In this 1D chart I've simply plotted the ongoing ascending triangle and it's projected imminent breakout.
PLAB showed up in one of my indicator stock screens again and is showing wonderful strength on that front and if you want a deeper dive into the stability of its growth see the linked idea below for my old deep dive into why PLAB is a strong long-term investment for at least the coming year.
Thank you. Please if you have any thoughts or comments do leave them below and I would gladly discuss or adjust my interpretations and methods.
This does not constitute financial advice.
Any prices, even if explicitly stated, are presented with intent to discuss the symbol and potential interpretations.
Any trades shown or mentioned are examples and neither recommendations or mandates.
3x ETF SOXL vs other 1x semi ETFs over various time horizonsI compare SOXL returns with SOXX, SMH, and PSI, all ETFs in the semiconductor space.
CONCLUSIONS AND FINDINGS:
YTD 2021 SOXL has not provided any net benefit over it's peers. And if you use stop loss orders you've probably lost money on it due to its extreme volatility. Smaller quant ETF fund PSI is the better performer on most/all time horizons YTD or more recent, especially from a risk/reward perspective. Only when comparing SOXL against the others on a time horizon of 1 yr or longer does SOXL outperform it's peers.
Importantly however, charts mimic real life only to the extent we make the purchase the entire position at once and don't touch it over the entire time frame. But this is not what most traders do. Thus, I recommend holding SOXL only if you're going to buy it and not set any stop loss orders, touch it, trade it, or even look at it for a year or more. But you probably can't handle that. I can't either. Thus the better, more realistic strategy for most traders is to get PSI or one of the other primary ETFs covering this space.
Trading Idea - Amkor TechnologyBUY
ENTRY: 23.53 USD
TARGET: 26.10 USD (+11%)
STOP: 22.33 USD
1.) rejection at the uptrend support level. uptrend continuation.
2.) retest of the resistance level expected
3.) For the past year, the analysts have regularly revised their sales expectations for the company upwards.
4.) The company has enjoyed very extensive upward revisions over the past 4 months to its net profit estimate.
5.) During the weekly observation period, the share is in a technical constellation that could cause prices to rise above the support at USD 15.52.
Micron Oversold After Testing Dotcom HighsMicron Technology has stalled after a big rally. Is it time to buy the dip?
The first pattern on the memory-chip maker’s chart is the oversold condition on stochastics. Given its current uptrend, strong fundamentals and positive macro backdrop (GDP +6%), that pullback alone is interesting.
Next is a trend line running along the lows of January 27 and March 25. It held that line last week.
Third, consider the $96.96 level where MU peaked on April 12. That was its highest level since July 2000, when the stock hit a record price of $97.50. It’s not a surprise to see the shares pause around that old resistance – especially because it’s also near the $100 mark.
Overall, MU is a conventional macro/momentum story. It’s roughly doubled since the summer lows but has always been viewed as a highly cyclical chip play. Earnings have been strong for several quarters and it now has the added catalyst of automotive demand increasing.
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SOXL 3X Semi - Unusual Volume $2M+ traded for $42 strikeAMEX:SOXL $2M+ in premium traded for $42 strike calls for Friday May 21th 2021 expiration traded today.
Unusual Options Volume Activity for $80 calls about 9000+ contracts traded through out the day (Above Open interest of only 1162) from $2.10 to $2.50
Various semi conductor stock earnings coming up soon.
Bounced off 50 EMA Today on the daily showing downside support. CCI is also trending up going from bearish to bullish after being sold through out the day.
Nice hammer on the 4H chart
A Months time on these options I would recommend a vertical spread to keep theta at bay.
Wait for confirmation of break of the $40.00 level for upward trend and possibly a close above this level to start a position.
Enter using $40 or $41 calls around trigger as theta burn will be less once ITM. Or consider a vertical.
Exercise caution when entering 3X ETF as they tend to move rapidly to the down side on any pullback.
Support 50 EMA $38.55
Trigger $40.00
Target 41.44, 42.44, stretch target of 43.45
SL close below 50 EMA
Follow more unusual activity signup for a free trial using my referral link marketaction.live
Please let me know in the comment if you find this useful.
QCOM (long)Nothing we have not seen before
Monday the drop to the above $135 close
i still long
I ´ve added the red slashed line to the graph
as well in purple; the MA ´s 20 blue, MA ´s 50 red, MA ´s 100 yellow
as you make your own conclusions
good luck
Charlie
THBR SPAC Semiconductor merging with Indie THBR is merging with semiconductor company called INDIE semiconductor. New ticker will be INDI.
This is for entertainment. Do your own due diligence. This is not a recommendation. I am not a financial advisor.
Price needs to be above $11 and break the trend line for fun to begin. Hopefully!
CNBC already covered this stock once
Bloomberg, Marketwatch etc.. could be the next.
Catalysts:
1. They make semiconductors for cars
2. Shortage of semiconductors
3. Biden pushing semiconductors' CEO's to meet the demand
4. They(INDI) already have product in the market, not like any other SPAC(with no product out yet)
5. Demand expected to be high in the future and analyst have price target for $17 already.
6. Merger date expected in few weeks or days.
7. If merger happens in few weeks or days, this will overlap with earnings of AMD and NVDA, which could hype semiconductors even more.
8. RSI is lower in number and reversal is likely.
QS and Ehang went above $100 with their SPAC deals, can THBR do the same and become a $80-$135 stock in few days/week? No one knows.
We need this quote- "SPAC is BACK"
Golden Cross, MA 50 & MA200 closing in on each other, in AMD?AMD has been in a phase of consolidation for some time, the stock has been trending upwards in recent time and is close to reaching a point where the MA 50 cuts the MA 200 lines on the 1 year graph. The response that we've received from board representatives is positive even though the company is being affected by the semi-conductor shortage, indicators are however pointing towards this mainly affecting the end-consumer and not the company. Since AMD has been able to increase the share of production which the company will receive from semi-conductor producers it's likely that the company will be able to take more market share from competitors like Nvidia and Intel. Overall this boads well for the company and its coming performance.
Notice also that long supports have held up and that this consolidation period came after a quite strong bullrun. Some of the shorter resistances also seem to get questioned and might in the short term start acting as supports.
Due to these fundamental and technical indicators I'm bullish towards AMD and I hold it to be true that the performance of the stock the coming months will be positive. The thing that might, however, make this idea void is if the company hasn't been able to handle the semi-conductor shortage well. The CEO and President of the company, Lisa Su, has however been indicating that the current situation is very positive for AMD which makes these worries seem less worriesome.
Dr. Burry where are you??? The Big Short 2.0Check the following:
1. Competition is on fire
2. Semi-conductors shortage (production slowing down)
3. Chinese EVs- Spacs all down
4. Tesla announced double the expected cars sales and the stock made a 5% move and then is sitting on the same prices while the S&P is moving to all time high
5. Cathy rush to buy the dip and then upgrade her target (why??? her ass is on fire due to the shortage of chips, necessary to the production of EVs), production expectations will not be met in the medium-term (2-3yr)
6. VW did not go up because of EV future but more on EVs short term production problems ( more time for diesel-petrol engines )
7. I like al the above and number 7 :)
Do you believe the problem with semi-conductors is going to be resolved any time soon? i do not...
Awaiting for opening my short position either in a retest or previous highs or a breakdown of the major trend line and not only in tesla but all the EV sector. This is going to be a bet 0 or >1 and a 1-2year holding period.
Dr. Burry where are you???????
Nvidia Target UpdateSo after reaching the goals from the last analysis we can analysis what will come next .
Nvidia closed 608$ after touched Ath on 614$ , with a good news about new arm based server and set to beat Q1 sales .
Obv - very good with high volume
W%r & Rsi still have room for more
Ema's are on bullish trend after Ema 20 cross Ema 50
our goals above 615$ set on :
T1 - 620$
T2- 624$
T3- 640$
After big rally like that, we can watch for healthy pullback for long bullish uptrend , so even if the targets will reach before the pullback i take support key points :
S1 - 600$
S2 - 589$
* There is no buy / sell recommendation in the aforesaid ,
QCOM LongThat ‘ s the big picture for Qualcomm, we have to break the resistance in white line to reach all times high
Good Luck
Charlie
QCOM Qualcomm I guess it could be a good momentum, for the stock, from where we are $137.5 to the upper green line on my chart, approximately $143 or $144, i personally expect in mid term $170 but as you must know technical análisis can help to manage risk, and make a decision, but can ‘t not predict probability, or certainty
Happy trading
Good luck
Charlie
AOSL Understanding Options Valuation.Why are options valued the way they are?
I'm working to elevate myself from the mind-space of 'just be happy whenever it's green'.
This one was a simple Buy Call. Apr 16 $35.
Nvidia bullish trend analysis In the last month the Nvidia has been make an amazing upward move that stops today at a very problematic point for her.
Investors who has followed the stock knows that it has been trading for a long time in a very clear tube, $ 515 - $ 560 which brought with it a lot of successful trades.
After the breach of the pipe came the downward correction and the stock was shipped up to a price of $ 460- $ 480
There it met the ema 200 as support, from there a few more ups and downs until the rise of the last two weeks.
The stock closes today on the high point of the pipe and completes an increase of 12.5% after crossing ema 20/50/100
High Obv with positive deviation could give more power for the upward.
It only remains to be seen if there is more air left for buyers after the ascent or we will see a Technical decline move
crossing 560 with good vol will get us to the two first $ 587- $ 615 targets for start
Technical decline below 550$ will be return to trade inside the pipe
* There is no buy / sell recommendation in the aforesaid ,
