$MU June Update *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been analyzing $MU for the past few months. After consolidating in the $74-84 range for the past few weeks we finally believe that $MU is ready to take its leap to go past $100. Investors should expect $MU to uptrend similarly along with other semiconductor companies in the near-future due to tech rebounding.
$MU is releasing their May quarter results on 6/30/21. My team remains just as confident as before in $MU and expect stock price action to benefit from this report.
My team entered $MU on 6/14/21 at $79.36 and still plan to take profit at $104.
Entry: $79.36
Take profit: $104
Stop loss: $75
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Semiconductors
$TSM Taiwan Semiconductor Manufacturing Company +200dmaTSM is looking quite positive on the charts. After correcting from $142 all the way down to $108, the stock managed to print a double bottom at 108 and hold higher. The stock is now also starting to make higher highs and higher lows on the daily which is bullish. Most recently we bounced just above the 200dma and the 50dma is starting to turn higher, still trading above its 200 day moving average. I kind of like the look of this setup..
Intel Corp.I love this companies financials. I understand what's going on in the semiconductor world. However, I'm thinking about consumer durables like laptops, computer gaming, memory and storage data. I'm not big on speculation but I know we are so dependent upon technology and alot of their products attack a wide range of technological factors.
Price is currently at a strong support in my opinion. On the 1 hour time frame, there seems to be to some strong consolidation in this same support area. This could indicate that Intel is currently in its accumulation phase. I've looked at some insider trading as well and noticed that within the last two months, there were purchase on two occasions around this area and a third person sold at $57... I want to see price breakout at some point to the upside as the previous high was broken and the previous support hasn't been reached yet considering a strong consolidation at its current support. Let's see what happens! I'm locked in til 2023.
Not advice
What do you think?
Vitrox, going south?Hi, this is my first idea publish. Would like to see feedbacks and comment on my idea. I see a trend reversal here. The price is currently trading under the bull support band. The band looks curve to toe downside, i see the price leaning towards the downside. Looking for it to hit the support at RM1.335.
TSM breakout + measured move The chart shows a descending triangle, with a breakout.
The breakout yesterday and today, have been on strong intraday volume.
A measured move can be made by adding the height from the double bottom (purple circles), to the area of the breakout. Using the green arrows to represent the potential move, which takes us to $152 approximately. Which is coincident with the extended move of the fibonacci retracement lines at 61.8%.
$135 and $142 are potential resistance zones, where we could see some profit taking.
MOTHERSON SUMILevels -
Buy - CMP
T1 - 250
SL1 - 230
T2 - 280
SL2 - 220
The stock has turned around from its interim support after dipping to the level of 232. It is expected to witness the levels of 240 and then 280 in short and long term respectively. The target levels and their corresponding SL's are listed above. The primary reason for this anticipated up move is the shortage of semiconductors in global markets required for manufacturing cars, laptops, etc. Motherson Sumi is one of the manufacturers with global clients. Demand for its manufactured products is expected to increase, resulting in to increase in the order book, thereby increased profits.
NOTE: These findings and levels are purely based upon the knowledge and understanding of the post publisher. The idea here is to predict the future price movements hence, please do not consider this as stock advice or recommendation.
Tight Squeezes Across the Chip SpaceSeveral chip stocks are squeezing into tight ranges with breakout potential.
Notice how Broadcom briefly knifed under its 50-day simple moving average (SMA) on July 2. (It followed an antitrust complaint.) The bears quickly surrendered, and a week later AVGO had its highest close since mid-April. So you have a false breakdown and a strong bounce outside of the range. That could draw some buyers from the sidelines.
That could be even more true now because the price channel has been abnormally tight, with Bollinger Band Width recently hitting the lowest level in 5+ years.
AVGO isn’t the only chip stock in that’s been treading water as business remains strong. Taiwan Semiconductor’s band width recently hit the tightest reading in a year. TSM also just bounced at its 50-day SMA, a line that was resistance in April but is now support:
Both companies have also been straddling their 100-day SMAs. TradeStation data uncovered that Lam Research , NXP Semiconductors and Teradyne also touched that line on Friday. ( Qualcomm and Microchip Technology were at their 200-day SMAs.)
It’s an interesting time for the industry because catalysts like 5G upgrades and chip shortages remain in effect. Sentiment recently shifted away from cyclical stocks like industrials toward growth stocks like software. But interest rates leaped on Friday as cyclical stocks rebounded. More cyclical strength could draw money back toward chips (which often follow industrials ). If that happens, these names resting along their 100- and 200-day SMAs could begin sustained moves.
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Micron Technology: The Spirit of 76?This week was cut short by Independence Day. That makes it a good time to view Micron Technology, which seems to have the spirit of 76.
The memory-chip maker had a false breakdown below that level on January 27. It quickly rebounded and returned to test $76 three times since mid-May. Interestingly, the current bounce is happening near the rising 200-day simple moving average (SMA) .
Meanwhile, resistance is bearing down from an intermediate-term downtrend. Notice the declining 50-day SMA (in red). Traders may want to watch for a potential breakout as these two moving averages converge from above and below.
Next, MU’s stochastics are oversold on both the daily and weekly charts. This, combined with apparent support at $76, may suggest downside is limited.
There could also be strong fundamentals with the global chip shortage continuing and more demand on the horizon as the 5G buildout continues.
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Time to Finally Sell NVDA?After a beautiful runup past all time highs weeks ago, NVDA has found itself in a similar position as the Nasdaq by hitting and getting rejected at the first fibonacci extension level.
I closed my long in this last week as I saw this level approaching and now it appears that a legit pullback may be coming into reality.
So I am bearish.. or am I?
Truth be told Nvidia is one of my favorite stocks, so I am aggressively watching for lower levels of re-entry and have been anticipating doing so for weeks now even as it ran up in price. I intend to load up and so I will be watching this closely over the coming days and weeks.
The best case scenario short term for Nvidia is that bulls can bullishly engulf and break above the key fib level and hold it as support on the weekly.
Until then, shorts or put options seem the most attractive bet in the immediate short term.
IBM More Downside?This is a short-term possibly bearish post within a longer term bullish play. Last week IBM closed out with a big 4.5% drop in one day after news of the CEO resigning. But was this the cause or was something larger perhaps in the chart in play here?
Well when we zoom out on the monthly chart, we see back in April this year IBM broke aggressively bullish out of the downward sloping green trendline and went straight to the 0.5 fib level around $153. What was missing on this move however, was a confirming retest of the green trendline. It appears the bulls were front runners of the price, and now the retest of the green broken trendline is still well in play. There is lots of bullish confluence where the price currently sits, however. So it will be interesting to see how IBM's price will behave both this week as well as the remainder of this new month. Right now is a decent area to nibble on a long but be on the lookout for a retest of the green trendline and keep stop losses tight as this has been a roller coaster of an asset.
$AMD my team continues to win*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: Steadily increasing semiconductor demand due to current shortage will leave $AMD with fat profits during the next few market quarters. After correcting from its all time high of $99.23 $AMD now sits at $93.93 per share.
My team entered into $AMD on 6/10/21 at $81.10 per share. We averaged up on our positions at $81.64 on 6/21/21.
We trimmed our positions before close to secure profits at $93.93 per share due to our first take profit being hit.
Congrats to those who took this trade with us.
ORIGINAL ENTRY: $81.10
AVERAGED UP AT: $81.64
TRIMMED AT: $93.93
2ND TAKE PROFIT: $111.00
STOP LOSS: $76.00
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$AMD bullish again? Here's the analysis.Hello everyone,
AMD has been an outperformer since it tested the 73 support multiple time earlier this year. It broke out of a 6 months long downtrend line in 2020 November and is currently backtesting it (thick yellow line). This may indicate the strong hyper momentum semiconductor stock is ready for another powerful rally.
Disclaimer: I personally hold AMD shares so this analysis is biased toward the bull side.
Pros:
- Downtrend line broken and currently holding the ratest
- Lightning bolts price action, a classic bull flag that points toward 89-91 areas.
- Tech and growth being in favor again with the easing of inflation fear.
- Trading lower than my valuation of 96 - 110, note that this valuation is subjective and priced in with a high PE ratio.
Cons:
- R/R ratio for the trade right now is not favorable to the bull until it clears 89 - 94 resistance
- Slight bearish divergence on the RSI
- Change in monetary policy could have a negative impact on tech stocks again.
- Market breadth across shows bearish signs as not most stocks are above 50EMA
Summary: Technicals of AMD are favoring the bulls and stock outperformance has not changed for the short term.
For holders: Monitor price action around 89 - 94 resistance, you should up your expectation with recent technicals
For non-holders: Buy around 81 - 83 as the previous resistance areas are likely becoming support.
$SOXL - semiconductors Bull 3x gonna explode soon $SOXL #SOXLAs we expect the boom in the sector in the upcoming years related to the worldwide shortage of semiconductors I thought it could be a good idea to buy this ETF instead of specific stocks. This way I can track what's going on in the industry and stay with the position without the need to rebalance all the time.
Keep in mind:
1) NVDA (which is 7% of ETF) will have a split in June (typically bullish)
2) AMAT, LRCX - other strong companies of the sector are on the edge of a breakout
3) Technicals are strong, above all SMAs except 20 (this gonna happen soon as well)
4) Crazy runners like LEDS also related to semiconductors
$AMD June Update *This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: Steadily increasing semiconductor demand due to current shortage will leave $AMD with fat profits during the next few market quarters. After correcting from its all time high of $99.23 $AMD now sits at $81.64 per share.
My team entered into $AMD on 6/10/21 at $81.10 per share. We have adjusted our first take profit which previously was $90 to $92. Our stop loss remains at $76.
We're averaging up today at $81.64 per share.
ORIGINAL ENTRY: $81.10
AVERAGING UP AT: $81.64
FIRST TAKE PROFIT: $92.00
2ND TAKE PROFIT: $111.00
STOP LOSS: $76.00
If you want to see more, please like and follow us @SimplyShowMeTheMoney
NEW POSITION $ON Target 44.34 for 19.71% $ON Target 44.34 for 19.71%
Or double position at 29.74
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
Advanced Micro Is Challenging a Trend LineBelieve it or not, Advanced Micro Devices has been little changed for 10 months. But now the semiconductor stock may be getting ready to move.
This chart shows how AMD is stuck between a falling trend line and its 50-day simple moving average (SMA). Our Moving Average Speed custom script shows how the 50-day SMA only turned positive two weeks ago.
Next, Average True Range has narrowed to its tightest level since July 10, shortly before AMD’s last big surge.
Third, notice how MACD has been rising since late May. The 8-day exponential moving average (EMA) has also climbed above the 21-day EMA. Both of those suggest the short-term trend is turning more positive.
Finally you have the $73.90 level, the top of the gap from July 29. AMD has held that level several times, including mid-May. Interestingly, the chart somewhat resembles Facebook in March , when the bears made one last assault before going into an all-out retreat. Traders may watch the trendline for evidence of something similar taking place in AMD.
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INTEL LONG!Hey friends!
Today we have beautifull news.
Biden-Harris Administration Announces Supply Chain Disruptions Task Force to Address Short-Term Supply Chain Discontinuities FINAL REPORT.
The Administration recommends that Congress support at least $50b in investment in domestic semiconductor manufacturing.
KOPN ($KOPN) for huge breakout with potential long-term swingKOPN. Semiconductor (!!!) name.
NASDAQ:KOPN
Done:
above 10day SMA
above 20day SMA
above 100day SMA
huge vol on last Friday
Waiting:
breakout of 50day SMA
breakout of trend line formed since Feb 21
Distribution stage seems to be over. Time for new pump!
Entry on PB with low vol and higher low after break of the trend line
target $10-13
MPWR somehow still above 300.000.618 fib level has been tested repeatedly, and holds for now despite continuing to trade below MA100 and MA200. Selling pressure apparent from CMF and acc/dist. Most recent earnings tending toward pre-pandy levels, so perhaps overvaluation is becoming more difficult to ignore. Though I could reasonably see MPWR bouncing again within the current sideways channel, I tend to favor a continuation of the downtrend, if only for the complete dearth of bullish signatures at the moment.