ACLS trade ideas
AXCELIS TECHNOLOGIES - Bollinger Breakout Above Resistance AreaWith the global semi conductor shortage I thought I would have a bit of a look around at some of the equipment suppliers and see if any of them were looking interesting.
From their website: At Axcelis, we have a single goal: to help semiconductor manufacturers achieve the highest quality and yield, with the lowest cost of ownership. We deliver on that goal with ion implant platforms based on unique enabling technologies that provide unmatched purity, precision and productivity. The result: competitive advantage for our customers—and rapid growth for Axcelis. (Source: www.axcelis.com)
So why do I like Axcelis.
I thought for the fun of it I would give a bit more insight into what I look at. I can do all of the below in one quick glance at the chart and don't need to use most of the indicators, but they are nice for confirmation.
I found Axcelis by using the TradingView Screener to look for Bollinger breakouts with higher than normal volume.
The upper and lower Bollingers are starting to move apart indicating growing momentum.
They are up 217% year to date showing positive momentum and investor belief in the business.
They have broken out above a previous significant resistance area.
The middle Bollinger line (20 period moving average) is horizontal, showing price has been stable moving sideways for a while consolidating and building a good base.
The RSI is moving up through 60 showing momentum and still at a good value area.
The recent volume is significantly higher than its 14 day moving average - so much higher than normal.
The On Balance Volume is moving away from its 14 day moving average showing buyers are currently in control and building.
The MACD has crossed up and is accelerating away from its signal line - and the histogram is building a darker green hill also showing momentum.
It is past earnings so I don't have to worry about earnings surprises.
I have read their about us on their website twice and I still don't know what they do - so must be high tech :)
Craaaazy people might look at the chart and call it a double-bottom or a W pattern which is often bullish.
Best of all it is up 1.7% in the pre-market confirming most of the above.
On the downside, there is always a chance that the price will pull back to re-test the former resistance line and perhaps re-run from there.
As such I would put a stop loss a bit below that and see how it all goes. If it ran for a while I would move to a 17% Trailing Stop Loss to it to hang onto it for a while.
Fingers crossed.
Hope the above was useful. Comment like if so :)
$ACLS - Wave 5 underway...heading north of 50?Lots of interesting things happening here...
1) Ichimoku cloud on every time frame, from 30 min to weekly, showing green.
2) EW count shows what looks to be the start of a Wave 5. If we come down a bit and bounce from 37-38, that will be confirmation of W2 of W5. $38 is also the 21 EMA support.
3) The equal legs target of both W1 and W3 land at the 50% and 61.8% inverse retracement of W4. This shows price confluence around $50
4) The pitchfork median should act as a magnet and once we cross the $41.20 high, we should continue to the top 0.5 and 1 band
5) The Fib time extension shows a 1:1 extension in mid June right around where the W3 and W1 equal leg targets finish (the two grey rectangles)
6) Hidden bullish divergence....price is making higher lows as RSI makes lower lows
7) MACD on daily timeframe has just flipped green with bulls in control.
8) Earning coming up on May 5, so we could see an early run up to earnings, especially since the FIb time 1.618 level is around there too.
ACLS Long term leap- 200 EMA just converged with the 50 EMA;
and the stock is below both: bullish signal
- Recently hit a support level at 20.43, 21.18
- Reversed it's trend and began trading within
a new regression channel
- A break of the current Fib/resist line at $23.02,
could see higher highs
Optimal Entry at support levels/ or a bounce of
21.71-21.81 level
PT1: 27.26, PT2: 34.52, LT PT: 40
Stock following 21 EMALast quarter EPS surprise 28%. this stock has been following it's 21day EMA on its daily time frame. it also has an amazing move back in Feb 06 due to the 77% earning surprise. Support and resistance levels are 25.5 and 23.5. This might not be a good entries, but when the price hits it's 21 EMA, make sure to grab 1/4 position.
Axcelis Technologies, Inc. engages in the design, manufacture and service of dry strip, ion implantation and other processing equipment used in the fabrication of semiconductor chips.
AXCELIS TECHNOLOGIES INCif the price breaks with force and closes below the horizontal white line a high probability that the next target is $20.45
if the price does not break and closes below the horizontal white line a high probability that the next target is $25.08
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ACLS possible short-term dipRSI divergence is telling us there may be a retracement coming in the near future, so be careful adding a new bullish position. I'm long-term bullish on NASDAQ:ACLS , but a short-term short play might be wise. Strongest support is currently at $22.75, $22.00, and $20.50.
Axcelis Announces Expansion and Extension of Share Repurchase PrACLS: Axcelis Technologies, Inc.
2019-12-03 08:00:00
Axcelis Announces Expansion and Extension of Share Repurchase Program
Possible Cup and Handle formation on $ACLSWeekly chart of $ACLS. A strong move to break that resistance around $23.50 should signal a long-term uptrend. Keep on watch in the coming weeks.
ACLS, Bullish long term , Head and Shoulders !Important support with a head and shoulders that confirms !
ACLS - good fundamentalsI am working on a software to identify potential good trades by scanning thousands of stocks and this stock has a good overall score. The focus is on finding good value companies with little debt that generate a profit.
This stock was found with SE v1.00.05. At the moment I am doing a lot of changes, add new selection criteria, change weightings of various parameters, so maybe in the next version the stock may not get selected.
ACLS Head and ShouldersLooks like we have a breakout of ACLS 's head and shoulders pattern. I believe a retrace back to the neck line is likely, at which point the a breakout up or down may be confirmed.
ACLS looking for entry the bottom purple support is make believe. Enter at your own risk. PSAR cross as well on daily. SL under 28.50 depending on your taste. could see 26.50 but doubt it. Short everything I buy
Long on $ACLS AXCELIS TECHNOLOGIES INCStarting a Swing on ACLS. Today 7/20/17 the market was to heavy on the stocks today. It is a perfect day to start looking for those tickers to confirm the Beta and see how correlated they are to the volatility of this market. My pivot points are $23.80 & $24.40, anything below the 13 EMA we drop. Getting in now below 13.06 VWAP. We'll see where we go. Happy Trading!
ACLS Fib ModelEntered at 23.30 on 6-6-17. Closed position at 25.60 on 6-8-17. Couldn't breach into upper quadrant on 6/9 and fell back into the lower. Another intersection coming early tomorrow. No position.
ACLS Fib ModelACLS looking to break long term resistance at 24.00. Price is approaching the corner of a quadrant and has used the 0.236 fibonacci line as support. Stoch RSI reversing with room for upside, MACD neutral with room for upside, SQZMOM trending green. Price above MA's and already past earnings.
ACLS: 4-hour Head & Shoulders PatternACLS is completing an Inverted Head and Shoulders Pattern. It also formed a bullish piercing candle on May 1st on a 4-hour chart. Earnings are coming out on Tuesday, May 5th. I am anticipating good earning to be a catalyst to supporting this inverted head and shoulders pattern and moving prices and buying interest higher.
4-Hour Chart ACLS UPDATE: Inverted Head and ShouldersACLS is making an Inverted Head and Shoulders Pattern ; seen on a daily and 4-hour chart:
Step 1: ACLS broke out downward trend line and
Step 2: made a high,
Step 3: fell to the back of trend-line support, which is also at a 50% fib to 61.8%. Closed green with market indecision candle with higher volume that usual. Some would consider this a hammer because the higher wick is much smaller than the lower wick. It is a weak hammer. I'll wait for another sign if it shows.
Thus, support is between 2.39 and 2.44 (between 50% 618% fib). The 61.8% fib also happens to be within my previous BUY ZONE.
Speaking of the BUY ZONE . It is now at the lower backside of the downward sloping trend line in conjuction with the support levels on the chart.
Volume and Price Analysis :
Look at that long 2nd to the last red candle with lesser volume than the previous candles. Then Bull volume came in at support as bears failed to further drive the price down, which ended in a small-bodied green candle that looks hammer-ish with very high relative volume. Thus, price & volume don't match! This suggests that the bid was moved down to see if there was buying interest at lower prices (and there was). I expect to continue to see this as the bear erode at these support levels.
