NPTN possible scalp or dip buy opportunityPossible scalp above $14
About a 2:1 R/R on dip buy, but sentiment expected to be decently bearish at those levels
NPTN
Update on NPTNStill looks promising to me. It took one more correction down since last post.Watch for break up above current hourly down trend line. Could use close below current up channel line as stop.
NPTN: update breakup out of inverse head and shouldersFollow up from previous posting (see link below.) Process your way. My target is around 15. Take care. Process your way.
NeoPhotonics Corporation (NPTN) short.All description on the chart.
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Inverse head and shoulders. Looks promising.NPTN I have taken a partial long position. If you do you go long now you could use a stop if close below daily up trend line. Will complete position if we get break up above the 9.5 base line.
From Zacks:
NeoPhotonics Corporation is engaged in the design and manufacture of photonic integrated circuit, or PIC, based modules and subsystems for bandwidth-intensive, high-speed communications networks. Products offered by the Company includes high-speed products that enable data transmission at 10Gbps, 40Gbps and 100Gbps, agility products such as ROADMs that dynamically allocate bandwidth to adjust for volatile traffic patterns, and access products that provide high-bandwidth connections to more devices and people over fixed and wireless networks.
NPTN - DAILY CHARTHi, today we are going to talk about the NeoPhotonics Corp and its current landscape.
Huawei and its suppliers received exciting news, as the U.S. Commerce Department renewed a 90-day period extension, that grants to American companies’ permission to continue to do business with the giant Chinese telecom companies. Commerce Secretary Wilbur Ross's announcement included that the need for extension was also due to the necessity of some rural communities of the Huawei 3G and 4G networks. The extension should keep the supplying chain going, principally of the Americans ones like NeoPhotonics Corp that have its revenues highly exposed to Huawei demand (47% of its revenue) and have now another quarter of relief from the tension of loose a so significant company like Huawei. The concerning aspect it’s if this extension doesn't lift the results of its supplier on the next quarter, considering that the Chinese company might already be restructuring its supply chain, as the uncertainty created by the ongoing Trade War that ended blacklisting the company on the U.S. The Huawei CEO Ren Zhengfei also already have been clearly vocal that isn't concerned with the U.S decisions and said that Huawei could grow without the U.S markets.
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Alternate Telecom Play (Materials) w/ Cyclical Trade HistoryTelecom build out in 2nd half or 2018 has been confirmed by multiple companies to be primed and heavy. First report of year is seasonally week and reflected across sector. AXT is traditionally conservative with forward looking statements, so beats are regular and plausible. New factory is almost completed and 3D Sensing capability has already been confirmed for further exploration. Technical trade up to $9 PT coincides with resistance line after price has managed to sustain within fib levels during recent periods of volatility.
