VECO looking bullishVECO - looking bullish - With Year on Year & QoQ increased Earnings with cup & handle pattern developing on charts - looking for a bullish trades
VECO trade ideas
VECO - Aug 24 V2 MATrend Sustainable MomentumLarger setup is conducive for a bearish push especially if it breaks down across the H1 100SMA as a failed bullish breakout. For the bottom range we are looking at a potential 6R
V2 MATrend Sustainable Momentum (Systematic) 🚀
Strategy
Signals identify market opening H1 candles through momentum and behaviour change that potentially could indicate a shift in the current price overall structure.
Risk
We use the signal candle's highs and lows for entry and stop loss. If price hits the stop loss, it is clear that the shift we expected did not come to fruitation.
Portfolio
Shortlisted Tech stocks with a positive backtest across the past 6 years, Avg >30% Win rate.
Focus
Focus is never on the signal candle alone, but it's role in the larger structure and the direction it is inclided towards with a minimum Risk & Reward of 2R
Character
Trend, Positive Skew
VECO - May 24 (MATREND v1.6)There seems to be a larger bullish movement
Price seems to have stalled here so there is a good chance this breakout can continue. SL position is good also.
v1.6
Exit rule tweaked to Daily 10SMA
Calibrated entry specs, to slightly loosen up the Stoploss
atr_x = 2.5
entry_atr_xfactor = 3.7
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This is a simple systematic Trend strategy where entry is based on two conditions
1. Price crossing over the EMA
2. The present ATR is less than an ATR multiple
The ATR condition allows us to enter trades that has not gapped too much as that usually results in a price pullback
Risk
Fixed & tight SL based on ATR multiples closes trades fast
Closing of the trades is a simple price cross over the daily SMA
This strategy only has a 34.38% win rate. So most trades will end up as losers until we hit a strong upswing.
📈 Veeco Instruments (VECO) Analysis 📈🔍 Company Overview:
Veeco Instruments NASDAQ:VECO specializes in advanced manufacturing equipment for the semiconductor industry.
Recent performance and analyst endorsements indicate thriving business operations.
📈 Market Sentiment:
CEO Bill Miller's remarks highlight increased demand for advanced DRAM devices and laser annealing systems, signaling successful navigation of industry challenges.
Analysts from Citigroup and Goldman Sachs have revised target prices upward and issued "buy" ratings, expressing confidence in Veeco's growth potential.
Institutional investors like Advisor Group Holdings have significantly increased their holdings, indicating strong bullish sentiment.
💼 Investment Thesis:
Bullish Stance: Given the positive indicators, a bullish stance on VECO above $30.00-$31.00 appears justified.
Entry Range: Consider entry above the specified level, reflecting confidence in Veeco's growth prospects.
Upside Target: Set an upside target of $48.00-$50.00, reflecting potential stock price appreciation driven by robust performance and analyst support.
📊 Trade Plan:
Entry Point: Initiate a long position above the specified entry range.
Target: Aim for the identified upside target based on growth prospects and analyst endorsements.
Risk Management: Implement appropriate risk management strategies to protect against downside risks, considering market volatility and industry dynamics.
🚀 Potential Catalysts:
Increased demand for advanced DRAM devices and laser annealing systems.
Continued positive analyst coverage and institutional investor sentiment.
🛑 Risks to Consider:
Market volatility and macroeconomic factors may impact stock performance.
Challenges in the semiconductor industry or unexpected regulatory changes could affect business operations.
📉 Note: Stay informed about industry trends and company developments to make informed investment decisions! #VECO #StockAnalysis 📊🔍
Earnings for VECO: Short Term V Bottom for Swing TradingVECO is reporting earnings today. The stock has been slowly trending up out of a wide short term V bottom formation that is incomplete at this time. Swing traders should find short term bottoms early in the development to plan a low-risk swing-style entry ahead of earnings news. The current candlestick pattern is taught in the TechniTrader Swing Trading course.
Veeco Instruments Inc has been in a long term downtrend. The lows have moved price up twice. The all-time high is around $117 and it has just moved above the $10 price. This company is in one of the industries that are creating new displacement technologies that are coming to market in the next few years.
VECO: A 2019 Play w/ Short Term Technicals for PT of $21.60The Veeco story is not a happy one over a lifetime analysis. However, it is still one of the major players in display, including OLED and has recently had a string of positive momentum related news. Their earnings calls are ripe with hints at a strong play going into 2019, but this year they should be seen as a short term, technical trade that can ride strong waves upward.
Based on historic ranges within the stock, some short and mid term fibonacci levels, and some strong demand for OLED in 2018, VECO is trading within a sustained channel during this year of volatility. It can easily come back to its lower end of trend trading and we know how stocks behave as they cross Fib lines. Before the tariffs and Syria news hit, this stock was on a mission to cross the $21 range. Now, with it being knocked down, it's good for a few short term gains that can be stacked for other ideas.
The market is finally stabilizing some and hopefully Syria become a neutral issue as earnings season starts up. Moving into the Summer, I feel this is a sure trade for the company, as it's not a bad story and any news is good news for Veeco. It can ride sector momentum up at any time as well and reach even $22. Don't be greedy and take what you want after crossing $21.
