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Intel | INTC | Long at $20This is going to be purely about technical analysis since Intel NASDAQ:INTC has a 90x P/E and has not proven themselves to be a viable challenger in the semiconductor market (yet...). Bad news could continue to destroy this ticker, but without that news, there could be some recovery in the near term. The NASDAQ:INTC chart is in an overall downward trend. However, based on a few of my selected simply moving averages (SMAs), there is some predictability around support/resistance areas. Some of my favorite setups are a nice bounce on the lowest (green) selected SMA, occurring in October 2022 for a "rip then dip" to the second lowest (blue) - which it hit now. Often, but not always (I can't stress this enough), this green to blue SMA bounce represents a very strong support area during a downward trend. The other move is a further dip to retest the green SMA, but I suspect that would come with tremendously bad news for Intel... let's hope not, though. Currently, NASDAQ:INTC is in a personal buy zone at $20.00 based on technical analysis only. A stop has been set if it drops below the blue SMA (which is may further test). Target #1 = $28.00 Target #2 = $32.00 Target #3 = $60.00+ (very long-term, but high-risk unless fundamentals change)
NASDAQ:INTCLong
by NicksAnalysis
How to BRR 101Refer to my prev AMD post back in Jan for credibility - I predicted run to 158-165 when it was in the 130s (result: ran to 180s). Now we have a buy the dip opportunity after earnings sell off. There is still too much demand for this to tank yet, it wants one more high (at least). Path to targets is the solid black line. Bullish channel its respecting is the dashed blue channel, every time it dips outside of that it gets bought up fast: - Initial target = 187.50 by 2/9/2024 - After that hits it will pullback to around 176 - If 176 can hold as support it will make one final run to 192-199 by early March 2024 Trailing Stop loss is 2 consecutive closes below the dotted red line. Entered Feb 16 175 calls for 3.50 on 1/31/2024 (underlying 167.67)
NASDAQ:AMDLong
by JerryManders
10
NVDA: the trendline broke. Off to the next trendline.the trendline going back to Feb 2023 has been broken decisively, retested and failed with conviction. Even though August low hasn't been taken out yet, there is a good chance that it will be. Right now a bounce seems more likely. Daily RSI has a pretty nice bullish divergence, but it is not a guarantee that the pullback is done. Next week, we will need to see if price get another retest up to $438 breakdown area or even back to the bottom of the broken trendline and fail from there. From EW count perspective, the price breakdown, specially the trendline break has a greater probability of a higher degree correction. I changed the count and brought it down two degrees to have Aug high as intermediate degree wave 3 and now getting wave 4 correction. That pairs well with the wave 2 correction back in December. Intermediate wave 4 can get pretty ugly. The invalidation point is all the way down to $188. So this correction could be over or could mess around with investors for a while. Right now, there is a channel support and below that there is another trendline support. There are various fib support in between. So, for now, safety is priority. Long or short, need to be careful about sticking around for too long. Good news is, when this id over, there is a final blow off leg coming up with target between $700-$750.
NASDAQ:NVDA
by mukit1
NVDA: On the trendlineFriday selloff has started doom and gloom predictions everywhere. Yes, the selloff was kind of aggressive, but not the worst one in the recent few months. And price has fallen back on the trend line going back Feb and May bottoms. If the trendline breaks next week, then the next support is at $414. If that breaks, then things will start to take a nasty turn. Below $400 there is a slim support at $375 and then pretty much nothing until $320 - $317. But by then, the technical damage will be too difficult to restore. There is another trendline going back last year oct and this year Jan bottoms. That will be a more important trendline to hold. So, basically if we do not see a hefty bounce next week, then it might be time to call it a top for a while (at least for a year or so)...But if we do see the bounce and another ATH, then $650-$700 will be the area to watch for...
NASDAQ:NVDA
by mukit1
Secured +10% on ARM, kept under 1/2 position. ⚠️ LOW FLOATERDrop a like and follow to show your support! Thanks. For bulls and bears alike, remember this is a LOW FLOAT. If you are shorting this stock when shares are available to borrow, remember it has a 9.3% float, is the most anticipated IPO in a while, and has clients like NASDAQ:NVDA NASDAQ:AAPL NASDAQ:GOOG NASDAQ:AMD NASDAQ:INTC NYSE:TSM and the list goes on. That being said, if I see +10% in 10 minutes, I must sell at least 1/2 my position. Got in @ 55.XX, out at 61.XX right when I saw the 9% and 10% print. If it goes to 100, 200, 300, I really wouldn't care because I followed my rules. Good luck trading. Remember to create a plan and follow it. That's the only way you'll be a consistent trader. When there's not enough data, you can use a smaller time frame for reference. Example: Welcome to join my community. Link below.
NASDAQ:ARM
by kingdips
1
TSM - Taiwan, Your Semiconductor Long HedgeAt present, the US equities markets are at a critical inflection point, especially tech. We're still in the bear side of a correction in an extremely major bull market impulse fuelled by Party Central's COVID stimulus programs, and yet flirting with all time highs. Sometimes markets top without a blow off. Nasdaq's daily chart, above, shows price raided the 16,000 psychological level and the January 2022 pivot that ended the bull market. This is really significant in and of itself, but even more significant in that the 3% rejection thus far indicates that tech *may* have truly topped already. In my recent call on NVIDIA, some people correctly criticized that I have the problem of being bearish when a stock is clearly bullish. I have thought about this quite a bit and think the criticism is fair. With NVIDIA, I believe the stock has either topped or will top before/at $500 in a coming impulse. However, if one had have just gone long on the dips from low $400s to the $480 mark, they could have financed a freeroll "Short God From The Top" dream trade with potentially huge upside. And that brings us to Taiwan Semiconductor, a company that I believe is a clear long on all time frames and has several significant advantages: 1. It's Taiwan's gemstone and thus highly relevant to the geopolitical concerns I will outline below 2. Producer of much of the world's most advanced chips 3. Market cap still under $500 billion (Thus, room to 2 or 3x in the future) 4. Is not a component of the Nasdaq, the SPX, the Dow, or the Russell, and thus can impulse long even if the equities market corrects 5. Accounts for only 3.4% of the index the SOXX/SOXL/SOXS ETFs underlie, and thus can impulse long even if the semiconductor industry corrects sharply 6. Washington is banning NVIDIA and ASML from selling to China, but never mentions TSM 7. If TSM pulls out the "AI" marketing card with a new offering, watch out for fire. In previous posts I have mentioned that the Chinese Communist Party is about to fall. While people may find that unbelievable or too good to be true, it's worth noting that when the USSR was brought down by Gorbachev and friends on Christmas Day 1992, nobody believed it was possible then either. Those of us who are old enough to remember know you woke up one day to see it all over the news and nobody knew how it would happen. Many entities are considering how to take control of China and its 5,000 year old culture, history, natural resources, and land when the Party falls. The International Rules Based Order wants China for its own reasons, and the reason "Washington" has made itself so close to Taiwan isn't because Xi Jinping intends to invade Taiwan (The CCP is too weak after so many people died from Wuhan Pneumonia), but because the IRBO intends to use The Republic of China to replace the Communist Party for its own ends. The ultimate purpose is to install genuine communism (note the CCP only still practices socialism according to its own dogma) worldwide via panopticon social credit systems and central bank digital currencies. If you want a future you and your family can live in, you want our traditions, imparted by God, and not this junk imparted by Karl Marx and the specters that belied him. I've mentioned before that Xi, an ostensible Chinese nationalist, has the option of weaponizing the 24-year persecution and organ harvesting genocide against the 100 million practitioners of the Falun Gong/Falun Dafa spiritual cultivation practice by the faction of his predecessor Jiang Zemin and the CCP in order to ensnare the IRBO and its banking cartel. However, all of the world's critical pieces (Yellen, Musk, Kissinger, Dimon) visiting Beijing "for talks" combining with a recent significant strengthening of the yuan and a potential recovery of China tech stocks indicates that the IRBO is now onside with the Xi administration. Which means that Xi may have sold out China and the future in a Faustian Pact with the IRBO in order to maintain his power, because he's too much of an idiot to throw away the CCP, return to China's 5,000 years of dynasties, and enter the future. Either way, once there's some kind of news cycle about "Taiwan" (just go look at all the war clamoring that appeared this month in The Economist et al), TSM can moon no matter what the rest of the equities market does, and counts as an excellent long hedge during catastrophe. I can only say that if you go long, especially significantly long, on anything right now, you really ought to be hedging volatility long while the VIX is maintaining a 13-handle. So here's the trade. TSM dumped some 6% on earnings under $98, which is a hell of a dip to buy. It's a dip to buy because daily price action on the way up stopped just short of the curiously-numbered $111.11 (the Chinese are extremely numerological/superstitious), which naturally makes this figure a target for a retrace It's only that on the hourly, TSM doesn't show any signs of having bottomed beyond not making a lower low on the first day. But with the biggest FOMC of the year on Wednesday, July 26 (big hike possible, next meeting not until Q3 end September 20), longing today may have been too early. But not too early by much. Arguably only 3%. The most bullish continuation for TSM would be to maintain a "higher low" formation, protecting the wick of the June low at $94.25. Upside targets are immediately $113+ (Masonry, roar?) and $130 (Masonry, rawr!) if bearish. If all things Taiwan become memefied like artificial intelligence did because of what's going on in China, then there's little to stop TSM from becoming a $1 Trillion market cap company like NVIDIA et al, which would actually mean upside over $200 is in the cards through the 2024 Presidential Election. But mankind's best laid plans are merely those of mice. This race is like bacteria and this planet is little more than a speck of dust when viewed from higher places in the enormous and boundless Cosmos we currently sit in. What the Cosmos looks at is a race, a planet, and an individual's moral standard and spiritual realm. Thus, the more calamity is on deck the more critical it is to take good care of your family and friends and use the time that we all have left before the world changes forever to make up for the things from the past that have been done wrong, when they should have been done well. Take good care of yourselves.
NYSE:TSMLong
by LordWrymouth
1
SMH Semiconductors update (weekly) Key areas to watch Semiconductors finally showing some topping pattern, amidst topping RSI (12) that failed to reach the high 70 channel and a shrinking trend of volume. In effect, weakening momentum. The first level is 244.71, which is a Gann confluence and also a prior pivot (left yellow circle), and is a 7.1% decline off the most recent peak of 263.57. This would take it to the top of the red cloud which could serve as some support. The second level to watch is 229.18 (right yellow circle) , which is another Gann Confluence, and also a prior pivot, which would be 13.04% off the peak of 263.57. This would take SMH well into the cloud, which could create some future resistance. Seasonality is at play, so I would expect a rebound in late summer, although there are many factors which could disrupt any projections any farther out and I do not feel worth making now.
NASDAQ:SMH
by UnknownUnicorn13101