Long Entry Zones for MX ($MX) - Two Areas Of Interest For Longs Looking at these two levels for a possible bounce on MX. Just sharing my trading plan, not meant as advice.
MX trade ideas
MAgnaChip Nyse:MX - An interesting small-cap The stock has broken a trend line but I like its core business for the long run.
I have a small position in this title.
Magnachip is a designer and manufacturer of analog and mixed-signal semiconductor platform solutions for communications, IoT , consumer, industrial and automotive applications. The Company provides a broad range of standard products to customers worldwide. Magnachip, with more than 40 years of operating history, owns a portfolio of approximately 1,200 registered patents and pending applications, and has extensive engineering, design and manufacturing process expertise. For more information, please visit www.magnachip.com. Information on or accessible through Magnachip's website is not a part of, and is not incorporated into, this release:
investors.magnachip.com
$MX can rise in the next daysContextual immersion trading strategy idea.
MagnaChip Semiconductor Corporation, together with its subsidiaries, designs, manufactures, and sells analog and mixed-signal semiconductor platform solutions for communications, Internet of Things, consumer, industrial, and automotive applications.
The share price rose after announcing the director of the company, Camillo Martino, bought shares for more than $100,000.
The demand for shares of the company still 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 $12,67;
stop-loss — $11,92.
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.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
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Potential Wedge Breakout
Its showing clear support at the 11.46 level
With Price Target at 13.81
Thats a +16% gain
it closed with a hammer candlestick yesterday with good volume
I love how its hovering around the 50ema
this is definitely one that I am watching closely, patiently
If it closes above the 9 tomorrow and holds above support
I will be looking for an entry with a stop loss at 11.30
$MX Magnachip Semiconductor touted for sale. Speculation is rife today regarding the acquisition of MX Semi by Sk Hynix. Both companies have refused to comment on this speculation but it has had significant influence on the stock price action today. SK Hynix is the second largest memeory chip maker in the world and its is seen that this acquisition is just another en devour today challenge the number one manufacturer, Samsung for more market share.
$MX Magnachip Semiconductor is touted for sale.Speculation is rife today regarding SK Hynix is preparing to make a move for the acquisition of a part of MX semi. This is very much a developing story and has given the price a nice pop today. SK Hynix is the second largest memory chip manufacturer in the world, trailing behind Samsung and this is seen as another step to challenge their dominance. It this deal has foundation the share price should be well above current levels.
Supportinteresting S/R area - there is way too much momentum but if it reverses and closes with a bullish candle I'm happy to jump in
MX - Breakdown short from $9.93 to $8.57MX seems breaking down from a pennant formation. It also seems breaking its long term uptrend. Now if it breaks down its moving averages around $9.93 label, it has good potential do go down further.
* Trade Criteria *
Date First Found- October 23, 2017
Pattern/Why- Pennant & long term Up trend breakdown
Entry Target Criteria- Break of $9.93
Exit Target Criteria- $8.57
Stop Loss Criteria- $10.73
Please check back for Trade updates. (Note: Trade update is little delayed here.)
MX very nice setup to joinThat is a channel thats worth keeping an eye on!
In the past it was a nice up and down between the top and bottom of this channel. According to this, it should go up again. And a tiny, microscopic green candle has formed already.
For now, I will wait for the price to give me a stronger sign that it will rise, and then enter my position. But I am 99% sure it will happen.
Stop loss is easy on this one, bottom of the channel.
TP is close to the top of that channel, for conservatives. Or you go to the top of that channel, but I am always a little sceptic about extreme points.
Safe trades to you!
If you look at the period between 02.09 and 03.12 there was a long sideway move before it started, that could repeat as well...
Look at this nice channel entry we haveEven tough this would go against the trend, we are at the top of the channel again, and I bet we'll see that the price will fall. Why? Easy. Investors will take their profits out, and then traders will take the profits and so the price will fall.
So here are the two things to do.
1) take a small short position first, and enlarge it as the price falls
or
2) put this one on your watchlist, until the price hits the bottom of that channel, but dont forget it on that list.
