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$AMD bullish again? Here's the analysis.Hello everyone, AMD has been an outperformer since it tested the 73 support multiple time earlier this year. It broke out of a 6 months long downtrend line in 2020 November and is currently backtesting it (thick yellow line). This may indicate the strong hyper momentum semiconductor stock is ready for another powerful rally. Disclaimer: I personally hold AMD shares so this analysis is biased toward the bull side. Pros: - Downtrend line broken and currently holding the ratest - Lightning bolts price action, a classic bull flag that points toward 89-91 areas. - Tech and growth being in favor again with the easing of inflation fear. - Trading lower than my valuation of 96 - 110, note that this valuation is subjective and priced in with a high PE ratio. Cons: - R/R ratio for the trade right now is not favorable to the bull until it clears 89 - 94 resistance - Slight bearish divergence on the RSI - Change in monetary policy could have a negative impact on tech stocks again. - Market breadth across shows bearish signs as not most stocks are above 50EMA Summary: Technicals of AMD are favoring the bulls and stock outperformance has not changed for the short term. For holders: Monitor price action around 89 - 94 resistance, you should up your expectation with recent technicals For non-holders: Buy around 81 - 83 as the previous resistance areas are likely becoming support.
NASDAQ:AMDLong
by Mattyx227
5
$TSM descending triangle - what do you think? Up or down?Beautiful channel formation here but the time has come where descending triangle is forming, these are usually bearish. TSM is having problems with production due to water shortage, $MU ceo yesterday talked about how NAND demand is not necessarily as high as the market thinks. Different industry, but is this company really worth 3x pre-covid? I lean towards bullish as the 200ma approaches but the technicals on paper say otherwise.
NYSE:TSM
by AlphaJi
1
AMD has underperformed peers but not for much longerAMD seems to be the contrarian play in the semiconductor field right now so I'm going to go ahead and suggest starting a position at these levels around $90 a share. It has been outperformed by its peers to a great degree recently for no apparent reason. I assume profit-taking attributed to taking it down from nearly $100 a share. Buy under $93. Sell half at $110. It will retest the $100 level, breakthrough, and hit resistance at about the $110 level from profit takers. Slight chance it has more legs than that but I'd say $110 is a fair price target for this stock. The SMH is up 11% in the last month and a half and AMD is down nearly a percent. Easy 10% return on this trade if not 20% if it hits my estimated price target.
NASDAQ:AMDLong
by EBITDAtiger
6
ATOM Sign Joint Development AgreementAtomera and Market Leading Semiconductor Company Sign Joint Development Agreement for Use of MST in Future Devices. entered into JDA with a leading semiconductor provider for integration of Atomera's Mears Silicon Technology (MST) into their silicon fabrication process. Atomera's MST is a patented, quantum-engineered material that enhances transistors to deliver significantly better performance in today's electronics. New collaboration will leverage Atomera's transistor enhancement technology to develop improvements across the manufacturer's production lines finance.yahoo.com
NASDAQ:ATOM
by AlenCiken
2
Elmos : the next giant in the semi conductor industryHello there, This chart is heavily based on fundamentals and we will talk about it: Elmos is about to go big. I mean really big and this is related to the automobile market. As the automobile market evolves, so does its functions and use cases to. Electrical/ Hybrid cars are a thing now, and there's no doubt that the semi conductor market is going to explode, just because of supply/demand. While I was working on an application, I stumbled upon an Elmos product. Prior to this I never heard of it. They created a chip that is incredibly intelligent and works very well with drivers, allowing you complex functions that you usually need other components to do such as : PWM, PWM shifting, timeout mode, output gains, amplifiers, reductors, derating, and 16-32 outputs : ALL IN one component. This is revolutionary, and its going to be massively used in vehicles, airplanes, trains. It's already picking as we can see on the chart. I expect a dump towards 16-19$, this will be my buy area Best regards
XETR:ELGLong
by Zebre_Trader
Micron Technology Inc. (MU) Boosted by AMD + Demand ZoneHave not played MU or SMH traditionally, but it's been one of the steadier semi's going into late January, and has not been affected by NVDA's weak guidance update. Has been working through an ascending channel, and now appears to be breaking out of a bull flag, supported by a demand zone. Targets have been mapped, but expecting 40+, settling down once it reaches the 200dma (currently at 46.18). I'd set a stop around 37.50.
NASDAQ:MULong
by axelroark
Micron Brief ($MU) For a brief overview and risk see: drive.google.com Micron has been a solid value play for the majority of the 2017 tech run and I think it's worth looking at the current standing and valuation as of current, should you choose to stay long tech into 2019. Micron had a $2.5 EPS just 90 days ago with a PE of just over 8. MU reported FQ4 guidance Rev/EPS @ 8.2bn / $3.30 substantially higher than expected nearing 8bn / $3.1. As expected, MU outperformed AMD with DRAM up 6%, "Hyperscale" applications up ~30% q/q and seems to be able to meed the N AND expectations of 45% y/y. After looking at the current standing, I do feel like the is still room for MU to grow, at least into FQ2/FY19. Trading at 4.78x PE and 5.0x EV/FCF, the valuation isn't as overheated as the rest of the major tech plays - and is actually very appealing. Q3 is to turn MU net cash positive and there is to be a ~1bn buyback in September. I also feel like CapEx and operational, investments are being implemented fruitfully with 'incremental cleanroom space' in Hiroshima, Japan, which will be available for production at the beginning of calendar year 2019 For FY2018, with expected capital expenditures to be in the upper end of previously guided range of $7.5 billion, plus or minus 5 percent. -DRAM outlook is still looking good with 19% in DRAM shipments. -64L Bit crossover completed one Q ahead of schedule. i.magaimg.net However, its important to consider the cyclical nature of semiconductors: The DRAM and NAND Flash business is cyclical in nature with each cycle comprising of four phases: - Increased demand, high profitability: Market is in under-supply with strong pricing and hence, high profitability. Profits are spent on capacity addition, with increase in supply after a period of 8-12 months. - Oversupply and losses: Market is marked by oversupply and falling ASPs. Focus is on driving cost efficiencies. - Continued oversupply, losses run deeper: Demand is pushed a little higher due to price elasticity. ASPs continue to fall and approach cash cost levels. CapEx is delayed and fabrication units are run at lower capacity. - Supply correction, return to profitability: Reduced supply leads to correction and demand sufficiency. ASPs see correction or possible rebound while costs continue to decline. CapEx spending starts again. The market was in the continued oversupply and losses phase till 2012, but entered the correction and profitability phase in 2013. The market is now in the supply correction phase, and the demand is both DRAM and NAND Flash is expected to outpace supply in the near future Quoted SOTP valuation metrics put MU at $64 - 70 and street expectations near $80 with higher interval ranges nearing $90. I am staying long the stock but expectations remain low due to the possibility of the Chinese "market access liberalisation" policy, tariffs on Semi's and concerns regarding the flash/chips pricing structure and whether the major players have been inflating prices. Tim Arcuri's comments are worth considering with a discount, however the probability of a large scale correction in memory is rather low, especially in the short run. "chip memory is replacing disk in both clients and servers, and it has become cost-efficient for cloud." I do think the street is correct on this one, however I would be pleasantly surprised if MU reached Stiful's Analyst's Targets at @ $106. I may post a model later.
NASDAQ:MU
by UnknownUnicorn2421992
3