Don't Underestimate the AMD Bounce Directional Bias: Long
Price Target: 22.5+
Good Entry: 19.5-20.3
Risk/Reward: Max Risk of 50 cents/Potential Reward of 2-3 dollars
A daily close below 19.3 invalidates the trade idea.
TSM
TSM daily bulllish butterfly after earningsTaiwan Semiconductor Manufacturer has a bullish butterfly pattern after its earnings.
It didn't really pull back much since 2015-8-24, so this trading opportunity is worth noticing for potential reversal sign near 38.00-39.00
In terms of trading, TSM is not the one people mention the most in Taiwan for its steady move and lack of volatility;
while in terms of investing, almost everyone will think TSM is the top 3 pick for long-term investing.
Finding a good entry for this stock and execute the buy and hold strategy is not a bad idea at all ~
Let's see how it goes!
TSM - Upward channel breakdown, short from $29.46 to $27.43TSM broken down longer term upward channel, retested it & now seems rolling over. It is in the weak semiconductor sector. It has nothing significant to support a breakdown, so we are looking for a short-term Stock trade. A break below $29.46 will be entry confirmation & our target is $27.43
You can check our detailed analysis on TSM in the trading room/ Executive summary link here-
www.youtube.com
Time Span: 7:30"
Trade Status: Pending
SKWS Harsh Decline may lead to possible quick correctionRemember it is important to wait for the next candle to confirm. This is a bullish Hammer after a downtrend from a harsh pullback in asian chip stocks this week. Although Vortex indicator has confirmed a larger bearish move is still likely, as there is no confirmation that this decline is over, it is very possible that speculators will continue to aggressively buy this dip pushing the price back towards $100.
Tomorrow Bullish scenario: (move towards $96.71), if SKWS opens above this may act as support
Tomorrow Bearish scenario: (move towards $89.92) 50 Day EMA may provide signifcant support if further declines
With a PE of about $33, skyworks is currently overvalued, HOWEVER, SWKS is projected to have a YoY growth rate of 50% in the period ending 12/31/2015. That would merit, if PEG = 1 at that future date, a possible stock value of $164. DISCLOSURE: i OWN SHARES OF SWKS
Missed OpportunityLast summer I was learning about Stock Screeners and was playing around with the tool. I had inputted some very difficult ranges for several evaluation categories.
I followed the stock for a little while and then gave up, only now following up.
Missed Opportunity as it was a strick set of criteria (almost impossible) I had inputted into the screener. I actually thought it was to good to be true as the TSM and EDU (both NYSE) were the only stocks that appeared in the results.
EDU went from $22 to $34 in about 6 months. Wow, I have to believe!
