XLNX breakout above $225XLNX expected breakout after consolidation and a flat base (similar to a cup and handle from William O'Neil) above $225. AMD in a similar pattern should carry it higher with the expected merger in Q1. A breakout above $225 should ideally happen on higher than average volume.
XLNX
XLNX: Consolidation is broken upwards.Consolidation has been broken upwards with a minimum target of around 200. Semiconductor shortages may push prices up.
XLNX Bearish divergence on Weekly and DailyWeekly:
There is a bearish divergence on MACD-H and EFI. Currently a new top is forming but it has less power then its previous top. There is an ATR channel divergence as well, as on EFI
Daily:
There is a bearish divergence on MACD-H and MACD lines, as well as an ATR channel divergence. Stochastic RSI turning down. Last candle tried to tick up but after this fb price closed back in the VZ. The average pullbacks on this TF. Price currently a bit below +1 ATR. I expect this trend to pullback on this TF and possibly also the divergence on the weekkly will play out.
Entry: 155.24
SL:161.3
Exit: 140.3
AMD/XILINX - WILL THE AQUISITION PUSH THE PRICE HIGHER?NASDAQ:AMD is slightly up today, POSSIBLY on the hopes that the XLNX acquisition will be passed at their meeting. I am still bullish on AMD with the first price target being at the 50% fib retracement level of $84, and the second being $89.
Options activity has been 3 to 1 calls to puts for this Friday with the average strike price being $82, which suggests we will not drop far in price unless market sentiment shifts. XLNX news will make or break this asset in the very near term, however I strongly expect a earnings run up if the price is effected negatively by today's news.
TRADE AT YOUR OWN RISK.
LIKE/FOLLOW IF YOU AGREE :-)
Buy setupContinuation Trade
Reward/Risk: 2/1
Entry: 141.43 or at a lower price
Stop: 127.00
Target: 170.00
Xilinx $XLNX close to test supportToday near the close took place a correction for some big cap stocks, but in the last 20 minutes there were a lot of buying action. Xilinx NASDAQ:XLNX was the perfect example as it dropped -3% but closed at -1.70%. This could be because is close to a support in $142, which was an ATH on 2019 that couldn't hold and then dropped hard for 14 months. Now it has gain +64% since it cross its 200 day MA and last week broke out the $142 resistance, all good news for the stock.
I don't know if the price will continue to respect the 20 day MA line but, for now it has, so it could be a good buying point. I think I'll wait until it confirms this point to buy. The price action is been divergent from its RSI for while, you can never be too careful.
XILINX $XLNX "worth to watch stock"The positive upbeat news coming for chip makers and $XLNX is one of the one worth to watch for a new uptrend. $113.36 is a buy point but if you want to take a risk you may get it above $103.74
12 months Consensus Price Target: $99.24
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
SPX v XLNXSPX (blue) and XLNX (red) emulating each other on the charts for the past month. XLNX breaks out today. Maybe, the same to come for the SPX
SPX to 3400.
XLNX - Perfect Bottoming PatternXLNX created an inverted head and shoulders pattern after a long downtrend
now broke above 92$ and looking to make new highs
close target at 100$
XILINX #XLNXAfter brokeout the daily 50SMA pulled back and holded above. It has been for 4 days above 50SMA which is a good signal to be long.
$XLNX vol bar and gap ahead gives 4:1 tradeXLNX Quick swing for 5.73%
Volume bar 20 Dec gives momo, tramline breakout, and back (with long hammer doji) to tramline, now support.
Very likely to enter, and therefore fill gap. Gap is 3.2% so gives you decent RR
BUY 97.65 (MARKET) SL 96.25 TP 103.25 RR 4.0
XLNX Bottom Formation StrengthensXLNX had a sudden Inverted V Topping Formation during the summer of 2019, but has recently filled the gap down and is moving up to a bottom completion.
XLNX Long if above $102, it will touch $109 before ERXLNX Long if above $102, it will touch $109 before ER
XLNX BearishXLNX Look for it to continue following the channel down. Look for it to gap up again and then probably follow the same channel down. Might be a base build long term but I would keep short term positions bearish.
XLNX - Another Semi Looking To Hit The RoadPrice has been within a bearish channel since the end of April. The primary trendlines are the solid purple lines but there is an intermediate bullish pattern forming which is illustrated by the dashed purple line which is creating a bullish falling wedge pattern. Look for the breakout around $95 on the falling wedge then we would wait for confirmation on the retest of the previous resistance line.
Based on the Fibonacci Extensions I would target $102.79 & $106.89. These are the 38.2% & 50% extension levels along with previous support/resistance zones.
LONG XLNXExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
