Semi Catch up If you can find another semiconductor trade that is not ridiculously valued based on traditional Fundamental analysis - let me know. This one fits my bill. Technically still within the ball park for good risk reward.
AMKR trade ideas
AMKR LONGLong swing now after gap fill.
Good buy volume yesterday.
Good earnings .
Consolidation breakout.
AMKR Update - Small cap liquidity issuesAMKR had a solid beat on earnings and those that followed me made some money off of it flipping calls....
Look at what happened afterwards, even good earnings can't save stocks right now. This chart kept me from going long on IWM, there's no demand for small cap stocks right now.
Right now my timetable for going long on the market (401k) is May at the earliest, because earnings will suck this quarter for a lot of companies. Very good chance the market will double bottom on earnings or form a base or something after this tank.
AMKR Earnings Monday BMOSolid beat last quarter but the market filled the gap, which means another opportunity to play earnings. Semi companies are doing well which means they're gonna spend money. Not sure if they beat, but I expect guidance to be really good for the year.
Long on Feb calls.
If you want to see a similar pattern, look at PLUS. Made a little money off of that yesterday. I expect this to at least fill the gap at $12.75, so a 100% return or better if they beat.
AMKR to fill gapOversold and indicators turning bullish
Waiting for 7MA to cross 12MA
Taking profit at .786 Fib
$AMKR Is A Breakout Play Above $10Above $10 in $AMKR and we should see a quick move to $10.50 to $11.50 a share.
Above all-time highs of $12.50 and the sky is the limit.
$AMKR President bought almost $1m worth of stock in last 12 months.
Amkor Technology, Inc. provides outsourced semiconductor packaging and test services in the United States and internationally. The company offers turnkey packaging and test services, including semiconductor wafer bumps, wafer probes, wafer back-grinds, package design, packaging, and test and drop shipment services. Its packages employ wirebond, flip chip, copper clip, and other interconnect technologies. The company also provides semiconductor testing services, such as wafer and final test services; flip chip scale package products for use in smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory, and as applications processors in mobile devices; and flip chip ball grid array products for various networking, storage, computing, and consumer applications. In addition, it offers wafer-level CSP packages used in power management, transceivers, sensors, wireless charging, codecs, and specialty silicon; Wafer-level fan-out packages used in ICs; and silicon wafer integrated fan-out technology that replaces a laminate substrate with a thinner structure. Further, the company provides lead frame packages that are used in electronic devices for low to medium pin count applications; substrate-based wirebond packages, which are used to connect a die to a substrate; micro-electro-mechanical systems (MEMS) packages that are miniaturized mechanical and electro-mechanical devices; and advanced system-in-package modules, which are used in radio frequency and front end modules, basebands, connectivity, fingerprint sensors, display and touch screen drivers, sensors and MEMS, and NAND memory and solid state drives. It primarily serves integrated device manufacturers, fabless semiconductor companies, and contract foundries. Amkor Technology, Inc. was founded in 1968 and is headquartered in Tempe, Arizona.
As always, trade with caution and use protective stops.
Good luck to all!
Amkor Technology Inc on verge of breakout. Entry level $10.20
Target price $12
Stop loss $9.64
Amkor Technology, Inc. provides outsourced semiconductor packaging and test services. The company was founded in 1986 and is headquartered in Tempe, AZ.
AMKOR long bias on nested area Company Info :
Amkor Technology, Inc. is a provider of outsourced semiconductor packaging and test services. Founded 1986
Chart Analysis
This is a daily demand nested zone in a monthly demand zone, price has rallied .
Conc:
This is a long wait trade. will be need to be patient as the zone is way low
Prop:
a good setup
cheap stock
Decision point coming; On the weekly, this is a slight descending wedge; on the daily, it is more slanted of a wedge; these are both actually good signs that we probably through the worst of the downtrend
It is close to the bounce or fail area though; so i personally expect this to bounce of the blue line (weekly charts support); if it goes below that, then the bottom red line should cause a bounce (daily charts support);
If both fail (and its not a bear trap by whales) then we can see mid 6's
AMKOR Long Term SetupShort setup on the daily if breaks the trend line, I would look at a lower time frame (1Hour) for a flag for a better risk: reward entry,
Overall AMKOR is in a 5 wave corrective structure which should follow with another impulse in the near future, I will update the chart setups as we go along with the trade.
Amkor Technology AMKR short - up to 50% potentialReview
After two unsuccessful attempts to surpass the old high at approx. $12.50, initially, a stronger sell-off until under the 200 SMA took place. After a further recovery, the next sell-off immediately took place with considerably higher volume , whereby even the lows from slightly further back were also significantly undercut. This was, at the same time, also the confirmation of the now-existing downward trend, which is currently in a correction. If the technical counter-movement continues to last, this would result in a downward potential in the short direction with up to 50%.
Outlook
In the hourly chart we can see the currently running correction, which has yet to develop in our preferred trading direction. For a short entry, we should wait for the formation of a signal, e.g. in the form of a new low, and place the stop loss above the last high. Alternatively, and with the advantage of a more favorable stop, one can also practice trading out of the correction or the formation of a reversal candle at a significant point.
The targets are located in the areas around $8.35 and lower (see green zone in the daily chart ), which makes the stock even more attractive for short entries.
If the price clearly exceeds the last significant high at approx. $11.30, we should abandon the short scenario for the time being ( daily chart depicted in red). Before trading, one should take news in the environment and from the company into account. Similarly, one should also observe the development of the overall market.
Amkor Technology AMKR short – up to 50% downward potentialReview
After two unsuccessful attempts to surpass the old high at approx. $12.50, initially, a stronger sell-off until under the 200 SMA took place. After a further recovery, the next sell-off immediately took place with considerably higher volume, whereby even the lows from slightly further back were also significantly undercut. This was, at the same time, also the confirmation of the now-existing downward trend, which is currently in a correction. If the technical counter-movement continues to last, this would result in a downward potential in the short direction with up to 50%.
Outlook
In the hourly chart we can see the currently running correction, which has yet to develop in our preferred trading direction. For a short entry, we should wait for the formation of a signal, e.g. in the form of a new low, and place the stop loss above the last high. Alternatively, and with the advantage of a more favorable stop, one can also practice trading out of the correction or the formation of a reversal candle at a significant point.
The targets are located in the areas around $8.35 and lower (see green zone in the daily chart), which makes the stock even more attractive for short entries.
If the price clearly exceeds the last significant high at approx. $11.30, we should abandon the short scenario for the time being (daily chart depicted in red). Before trading, one should take news in the environment and from the company into account. Similarly, one should also observe the development of the overall market.
SELL IMOGiving the semi conductor index is overly bought and due for a big correction. I think this is where AMKR is heading.
AMKR-Positive Technicals Suggest Up-Trend Will ContinueAmkor-Technology-is a provider of outsourced semiconductor packaging and test services. Their packaging and test services are designed to meet application and chip specific requirements, including the type of interconnect technology; size, thickness and electrical, and mechanical and thermal performance. It provides packaging and test services.
The current technical condition for AMKR-is strong and the chart pattern suggests that upward momentum should continue. Over the last 50 trading days, when compared to the-S&P-500, the stock has performed slightly stronger than the market when compared to this index. This relative out-performance is bullish. Over the last 50 trading sessions, there has been more volume on up days than on down days indicating that-AMKR is under accumulation, which is a another bullish condition. The stock is trading above a rising 50-day moving average. This supports the strong technical condition for-AMKR.
I think there is still up-side potential.
From a technical standpoint, Here are the positives:
1. Currently multiple buy Fractals (green up arrows in box on right).
2. The lower indicator under the chart is CHOP - this indicates a strong trend, however, the momentum has slowed.
The green shaded area below CHOP is the CHOP ZONE. This has been strong (up) for quite a while.
3. The top lower indicator is phase energy, and this is positive. It reversed to the up-side at the zero line.
4. The alligator is sleeping (neutral).
5. 34 day moving average (ohlc/4, top indicator) is strong.
6. Prices are trading above the Ichimoku Cloud .
7. Prices are trading above the thick red Ichimoku Cloud conversion line.
8. Prices are trading above the Ki jun-Sen baseline of the Ichimoku Cloud and this has been HEADING HIGHER.
9. The 13 day moving average of phase energy (top middle) is oversold and should reverse to the up-side.
10. The 233 interval trend-line is rising.
In my opinion, AMKR-is in a solid uptrend. I recommend that you also look at the semi-conductor index-SOX.
It has been a leading group this year.
I hope all your trades go well. Don.
AMKRAMKR
Industry: Semiconductor - Integrated Circuits
EPS due date: Apr 26, 2017, just passed.
Horizontal S&R: yes
Channel S&R: yes
MA S&R: yes
>200ma: yes
Volume Confirmation: huge on earnings day
Candle Confirmation: no, appears to make mini double bottom
Stoch Divergence: yes
Reg Trendline >85: 88
AMKR - potential longPrice tested W1 DZ, w8ting for good entry, 1st TP = 1st MN SZ, 2nd TP=2nd MN SZ
Amkor, A Rising Star There is a rising star in Amkor. Could this have a lot to do with Trump and his drive for made in A. America? I don't know much about the stock but the operators know something I don't.
