UMC trade ideas
UMC dropped w/market, much needed consolidation for run to $10I like that this stock refocused on smaller semiconducters that power stay at home electronics like smart speakers,smart screens, smart home security devices, etc.I like that this stock refocused on smaller semiconducters that power stay at home electronics like smart speakers, smart screens, smart home security devices. A big catalyst could be that EV cars will be the hype 2021 and small semic's will be in high demand as EV companies try to churn out record numbers.
Long Calls Once Wedge Confirms Price Movement
Long | UMCNYSE:UMC
Possible Scenario: LONG
Evidence: Price action
TP1~ 9.5
This is my idea and could be wrong 100%.
UMC $7.66 entry to $12There is a lot of volume moving into this foundry play on the toshiba news. pink indicates gap channels support/ resistance along the way. Likely to see some consolidation here until we get more news, perhaps a easy move to $12 for ER. Personally I am eyeing an entry in this at $7.66, thoughts? NOT advice just what I see!
UMC: Ascending Triangle, ConfirmedAscending Triangle, Confirmed
ATR Climbing
250RSI above 50
PPS above 50MA and 200MA
Price Targets
PT1 = 2,96 (Filled)
PT2 = 3,19 (Filled)
PT3 = 3,57 (Filled, may fill again)
PT4 = 3,80
Bonus PT5 = 4,17
I think it could be a short sale....but just watching...Meaningful signals are arguing for buying and short selling....gotta be neutral
UMC Long• UMC
• Why enter? Closing over 5ema showing short term strength. Bull flag on the daily chart.
• Entry: 2.68
• Stop loss: 2.66 (-.07%)
• Profit target 1: 2.80 (4.47%)
$UMC Double Divergence PlayYou can see from my projection I am expecting price to move over the $2 mark. Look for the MACD to turn. There is Divergence on the MACD and RSI. it looks like it had finished a Inverted Head and Shoulders Pattern around Feb. follow the Volume. Looks like this could be the end cycle that would finish the shoulder on another.
breaking 200 low price income play/solar and led/taiwanmacd crossed/diversify between industries with low price/note once a year dividend/cci and percent r upper range important/relative strength good/use limits/adx trending/target cloud/stop loss close below 8 ema
UMC At bottom of inv cup long term supportI'm seeing a nice long position for UMC developing.
Technicals:
- RSI in pennant in the oversold region.
- Price forming a falling wedge, falling into the support of the inverted cup long term support.
T1 Jun15-Aug15: 2.38
T2 Jun15-Dec15: 2.60
