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Semiconductors

Semiconductors - almost to the 5th wave down. LOAD UP on SOXSSemis swinging nicely in this range bound pitchfork. Volatility increase near the outer bounds, and we are almost there. Clear 5 wave count to conclude at the long term bullish trend line. This is my short term trade to the downside using SOXS 3x bear, and will reevaluate my next move when this target is hit. There's still a long term bull target on most indexes (including Semis) that has not been hit. I'm keeping that in the back of my mind, but for now staying bearish on this move. Ignore the time based fib if you want. I rarely use it, but it helps fit my narrative for now.
NASDAQ:SOXShort
by warrenbudget
Verizon Short Short based of channels and fibs My Entry: 63.50 - 64.50 (any entry in that range is okay) Stop Loss: 66.02 PT: 59.00 Risk/Reward: ~1:266 Ive been planning this trade for the past 3 weeks and it is finally coming to fruition. The reason the r/r out of the gate is slightly under 1:3 is because I would rather keep my inital stop slightly looser, so that in case of a slight over extension I can be slightly more flexable at first, wait to see the trade go in my direction and then tighten the stops down and potentially add. I will post updates as that happens for anyone that is planning to participate in this trade. If the price flips where my projections tell me, I will pull my stop to 65.00 and add size so that the r/r will shift to about 1:4.
NYSE:VZShort
by craig_percoco
4
AMD Short - might be your last chance. $21 to $14I've been playing the AMD run up from $20 to $32 with Call options, Shorted $32 because if you look at the weekly, its a trendline from the 1990s, and closed my Puts around $16 because it was a fib level. This chart plays like a cryptocurrency except that it's easier. Out of curiosity I looked at a few "short interest" indicators and lo and behold, most of the run up to $32 was just a massive short squeeze an long with analysts pumping the projected price. Just like a cryptocurrency. As you can see now, we're making a head and shoulders on the daily, and the last time we had this little shorts was in August, and on the 4hr we're extended and making bear divs. Target... $16 before the end of the year, maybe $14.
NASDAQ:AMDShort
by teckno05
6
Inverse Head and shoulders formation for semicondutors ETFBackground: Bullish trend finished on resistance 171 price level. Tripled top on sept 27, 29, and oct 04 on RSI on 70, then channeling wide and volatile through 140-160 price levels. First: SHOULDER formation oct 02 starting RSI 65, 160-114-128 price oscilation. Second: HEAD formation oct 17 to nov 02 starting RSI 62, 128-84- 114 price oscilation. Third: waiting on heavy resistance a second SHOULDER formation. Best escenario: 122-112-128 on 18 days; Mid Escenario: 116-10-128 on 22 days; Worst Escenario: 114-88-128 on 26 days. Notes: - wait consolidation correction of this bull trend to complete de H&S patterb formation - we need to see another bottom for the escenarions on November 12-15 - critical eventes: NVDA earnins 11-15-2018 (This will mark any movement)
AMEX:SOXLLong
by gabcab18
MU is going for the 50'sI believe that NASDAQ:MU is going to explode. 5 p/e ratio. Strong industry. The only downside is that many people forecast that the semiconductor industry inflated and the prices are going down (bad for the companies that produce them, aka micron). NASDAQ:MU is currently back to the green bearish trend although it still has much room to go up to around 50$ or more to be exact. NASDAQ:MU recently broke this trend and got to a low of 41$ but, I am pretty sure it's back on track and we can reach 50$ within a couple of weeks. I bought 20 shares of MU at 41.4$ (#2poor) and I believe in the industry, my sell point is 50 or above (depends on the trend and news). Buy point - I bought at 41.4 but a 43-44 Buy point is good too. Sell point - 50$ or above (depends on the trend and news). Stop loss point - 38$.
NASDAQ:MULong
by Offeck
1