LEDS | Oversold Bounce Incoming | LONGSemiLEDs Corporation develops, manufactures, and sells light emitting diode (LED) chips, LED components, and LED modules and systems in the United States, Taiwan, the Netherlands, Germany, Japan, Ireland, and internationally. The company also sells enhanced vertical, LED product series in blue, white, green, and UV; LED chips to packagers or distributors; and lighting products primarily to original design manufacturers of lighting products and the end-users of lighting devices, as well as packages and sells its LED chips into LED components to distributors. Its products are used for general lighting applications, including commercial, industrial, and residential lighting; and specialty industrial applications, such as ultraviolet or UV, curing of polymers, LED light therapy in medical/cosmetic applications, counterfeit detection, germicidal and viricidal devices LED lighting for horticulture applications, architectural lighting, and entertainment lighting. SemiLEDs Corporation was incorporated in 2005 and is based in Chunan, Taiwan.
LEDS trade ideas
LEDS trend reversal The perfect set up for a Bullish Gartley pattern, currently completing its formation.
LEDS was undergoing a price correction this week, due to the overbought status from the previous week where we saw a breakout. We also saw an earnings report, which helped fuel the overall bearish sentiment and pushed us below the $15 mark.
I have been watching this once closely, and we seem to have potential for another trend reversal towards the $18 - $20 mark.
LEDSSemiLEDs Corporation (NASDAQ:LEDS) The stock continues to impress and should be one to watch going forward. A break of Friday's highs could send it to $10 and better. If we get an upward break of the bullish flag on the hourly chart, we will probably see a rally that takes us to the recent highs. On the other hand, and in terms of managing risk, a price move below the support of the flag formation may be used as the stop-loss. Long setup on watch.
LEDS - Afternoon BreakoutBiggest Gainer - Unusual volume - No Catalyst - Previous runner
RR - 4/5
Entry req - Breach day high - Wait for support to be tested - Wait for momentum shift
Establish the day high as support wait for it to hold
Entry Point - Momentum shift having held day high as support
DAY HIGH 13.00 - Entry around 12.50 - 13.00 looking for 10%
$LEDS can rise in the next daysContextual immersion trading strategy idea.
SemiLEDs Corporation develops, manufactures, and sells light-emitting diode (LED) chips, LED components, and LED modules and systems.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $3,13;
stop-loss — $2,69.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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LEDS repeat pattern?I've had LEDS for a while now and have been trading from 3s to the 5 mark. It'll be really interesting how it behaves at 2.92 level. If it drops further to 2.5s, then the repeat pattern will be intact, if not, it could climb back up to the 5 level in July.
I'll be buying the dips and lowering my average with currently in at 2.8.
LEDS - 22% short, 400% long targetNot financial advise. I'm just some guy on the internet.
Basis for recommendation: Technical Analysis only.
What is LEDS? Some Asian tech company.
What do they do? Tech stuff. Okay, fine, semiconductors.
Is it a buy? The charts indicate we are entering a price reversal ZONE. So far, just the tip and ONLY the tip! Be aware share price could decline a further 22% from current levels down to $2.03 or lower.
Buy range: $2.03 to $2.51
(Testing support at $2.49)
Stop loss: $1.90
Sell targets are green boxes with increasing resistance levels highlighted.
"Take profit" level $10 or above.
$LEDS - Watching for positionLEDS is an extremely low float (0.85 mil) pump and dump stock. This has been trading under low volume and holding a somewhat steady trend. The uptrend and downtrend are converging forming a wedge. For a short term trade, the break of 4.00 should be an easy run to 4.25 range (if it happens with the next few days). 4.35 is where the current down trend resistance. With recent higher lows, this looks possible. If 4.25 breaks, I think 4.50 is where the tough resistance currently lies. Now on the flip side, if 3.75 cracks then this should easily get pushed down to 3.50 where it will try to regain support. The MACD and signal line has converged right below 0, showing a potential bull set up. I'll be looking to play the 4.00 break or the short entry at the 3.75 crack, but no position while it sits between this range. Volume is key for LEDS (due to the low float), so be on the lookout for any volume burst.
LEDS Trade Idea - Green Knight Signals Bullish Move with BreakLEDS Trade Idea - Green Knight Signal - With price action closing over the 100ma and close to
significant resistance at 4.26, the Macd and RSI showing bullish movement and the Green Knight's
appearance on the daily chart, LEDS looks primed for a continued movement if it can break over 4.26
and 4.47, possibly re-testing a previous candlestick high close to the $6 mark.
LEDS Trade Idea - Break over 4.47 could see swing to the $6 markLEDS - If LEDS breaks over key resistance at 4.47, it has a good chance of moving higher. RSI and Macd are still bullish. A retest of $6 is possible if price action crosses over the 4.47 line. Would like to see LEDS hold the 100ma support line at market close today.